ADI

Honeywell To Spin Off ADI

Honeywell International unveiled a corporate makeover today that will tie its growth more strongly to aerospace technology and spin off other businesses as two publicly-traded companies by the end of 2018. This move is the result of its comprehensive portfolio review, including its intention to separately spin off its Homes product portfolio and ADI global distribution business, as well as its Transportation Systems business, into two stand-alone, publicly-traded companies.