Aerospace Group:

Business/Financial

Honeywell To Acquire Maker Of Safety, Personal Protective Gear

DDN

Monday, April 7th, 2008

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Honeywell [HON] on Friday said it has agreed to acquire Norcross Safety Products, LLC, a provider personal protective equipment for the fire service, utility and general industrial markets, for $1.2 billion. Norcross, which is majority owned by Odyssey Investment Partners, makes a wide range of products for emergency responders, electrical and industrial workers, including helmets, thermal imagers, breathing apparatuses, apparel and boots. The company had $609 million in sales last year. Honeywell said the deal will allow it to bolster…

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