CHARLOTTE — Honeywell International Inc. is continuing its aggressive push to expand and reshape its portfolio.
The Charlotte-based company said May 22 it reached a deal to acquire U.K.-based Johnson Matthey’s Catalyst Technologies business segment for $2.4 billion in cash. The deal will bring that unit into Honeywell’s Energy and Sustainability Solutions business. It is expected to close by the first half of 2026.
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Johnson Matthey’s Catalyst Technologies business is based in London. It has about 1,900 employees across the U.S., Europe and India.
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