Who Owns Honeywell Performance Materials and Technologies?
Honeywell Performance Materials and Technologies is owned by Honeywell International, a publicly traded diversified technology and manufacturing company. Honeywell Performance Materials and Technologies operates as the Performance Materials and Technologies business group, providing process technology, specialty chemicals, and advanced materials. The company is headquartered in Charlotte, North Carolina, USA, and serves industrial, chemical, and commercial customers globally with innovative materials and technology solutions.
Parent Company
Honeywell International
Founded
1906
Status
Publicly Traded
Headquarters
Charlotte, North Carolina, USA
Who Owns Honeywell Performance Materials and Technologies?
- Parent Company: Honeywell International
- Ownership Type: Subsidiary
- Company Type: Publicly Traded
- Stock Ticker: NYSE: HON
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Honeywell Performance Materials and Technologies | Honeywell International | Subsidiary |
History of Honeywell Performance Materials and Technologies
- Founded: 1906
- Founders: Albert Butz
Honeywell Performance Materials and Technologies evolved from Honeywell's expansion into specialty chemicals and advanced materials throughout the 20th century. This founding vision demonstrated exceptional insight into the growing demand for specialty chemicals solutions while establishing a distinctive approach that would define the specialty chemicals category for generations. The company developed expertise in process technology for oil and gas processing, specialty chemicals, and engineered materials. This strategic positioning demonstrated Honeywell Performance Materials and Technologies's exceptional ability to create differentiated specialty chemicals solutions while maintaining consistent brand positioning and quality standards that would define the brand for decades. Honeywell expanded its capabilities through acquisitions including Universal Oil Products (UOP), which became a leading provider of process technology for the petroleum and chemical industries.
In 1999, the merger of Honeywell with AlliedSignal Corporation expanded performance materials capabilities. This period of excellence demonstrated Honeywell Performance Materials and Technologies's exceptional ability to scale operations while maintaining consistent brand positioning and quality standards across multiple specialty chemicals segments. Honeywell has continued to modernize and expand its product portfolio, developing advanced fluorine products, electronic materials, specialty resins, and sustainable materials. This strategic diversification demonstrated Honeywell Performance Materials and Technologies's exceptional ability to serve multiple consumer segments while maintaining its core brand identity and market leadership in the specialty chemicals industry. The division has maintained its position as a leading provider of process technology and specialty chemicals for industrial customers worldwide.
Honeywell Performance Materials and Technologies has continued to innovate in areas including renewable fuels, sustainable materials, and advanced electronic materials. This continued evolution demonstrated Honeywell Performance Materials and Technologies's exceptional ability to maintain market relevance while adapting to changing specialty chemicals requirements and technological advancements. The division serves customers across petroleum refining, chemical processing, electronics, and other industrial sectors globally. This continued excellence demonstrates Honeywell Performance Materials and Technologies's exceptional ability to maintain market leadership while adapting to changing specialty chemicals dynamics and regulatory requirements. This strategic integration demonstrated Honeywell Performance Materials and Technologies's exceptional ability to integrate into larger technology corporations while maintaining its core brand identity and cultural significance in the specialty chemicals industry. This continued success represents a significant milestone in the evolution of specialty chemicals and consumer-focused technology solutions.
About Honeywell International
What does Honeywell own?
Honeywell operates four business segments: Aerospace Technologies (avionics, aircraft engines, aircraft systems), Industrial Automation (process automation, safety equipment, warehouse automation), Building Automation (building management, fire, security systems), and Energy and Sustainability Solutions (process technology, specialty chemicals, advanced materials). In February 2025, Honeywell announced plans to separate into three independent publicly traded companies.
Is Honeywell publicly traded?
Yes, Honeywell International Inc. trades on the NASDAQ under ticker symbol HON. The company has no controlling shareholder, with ownership distributed among institutional investors including Vanguard Group and BlackRock.
What is Honeywell's annual revenue?
In FY2024, Honeywell reported net revenue of approximately $36.7 billion, with Q4 2024 sales of $10.1 billion, up 7% year-over-year. The company generated full-year free cash flow of approximately $4.7 billion.
Who is Honeywell's CEO?
Vimal Kapur has served as Chairman and CEO of Honeywell since 2023 (CEO) and 2024 (Chairman), succeeding Darius Adamczyk. Kapur joined Honeywell in 1989 and led the company's announcement in February 2025 to separate into three independent publicly traded companies.
What is Honeywell's planned separation?
In February 2025, following a comprehensive portfolio review, Honeywell announced plans to separate into three independent publicly traded companies: an aerospace and defense company (retaining the Honeywell name), an automation company combining industrial and building automation, and an advanced materials company. The separations are expected to be completed by 2026.
Who founded Honeywell?
The Honeywell name traces to Mark Honeywell, who founded the Honeywell Heating Specialty Company in 1906 in Wabash, Indiana. The modern Honeywell International was formed through the 1999 merger of Honeywell Inc. and AlliedSignal Corporation, which brought together businesses from multiple industrial sectors.
- Founded: 1906
- Headquarters: Charlotte, North Carolina, USA
- Company Type: Publicly Traded
- Stock: NYSE: HON
Where Is Honeywell Performance Materials and Technologies Made / Based?
- Headquarters: Charlotte, North Carolina, USA
- Manufacturing / Operations: United States, Canada, United Kingdom, Germany, Mexico, India
Brands Owned by Honeywell International
- Honeywell Aerospace Technologies - Leading manufacturer of aircraft engines, avionics, flight management systems, a...
- Honeywell Building Automation - Leading provider of building control systems, security solutions, and energy man...
- Honeywell Safety and Productivity Solutions - Leading provider of scanning, mobility, sensing, and industrial safety solutions...
Frequently Asked Questions About Honeywell Performance Materials and Technologies
Competitors to Honeywell Performance Materials and Technologies
No direct competitors found in the same category. This could be because Honeywell Performance Materials and Technologiesoperates in a unique market segment or we're still building our competitor database.
Honeywell International Stock Information
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