Who Owns Solstice Advanced Materials (formerly Honeywell Performance Materials)?
The former Honeywell Performance Materials and Technologies advanced materials business is now Solstice Advanced Materials Inc. (Nasdaq: SOLS), an independent publicly traded company headquartered in Morris Plains, New Jersey. Solstice spun off from Honeywell on October 30, 2025, and generates approximately $3.8 billion in annual revenue from refrigerants, semiconductor materials, Spectra fibers, and research chemicals.
Parent Company
Founded
2025
Status
Publicly Traded
Headquarters
GlobalOfficial Website
Who Owns Solstice Advanced Materials (formerly Honeywell Performance Materials)?
- Parent Company: Solstice Advanced Materials Inc.
- Ownership Type: Subsidiary
- Company Type: Publicly Traded
- Stock Ticker: Nasdaq: SOLS
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Solstice Advanced Materials (formerly Honeywell Performance Materials) | Solstice Advanced Materials Inc. | Subsidiary |
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History of Solstice Advanced Materials (formerly Honeywell Performance Materials)
- Founded: 2025
- Founders: Honeywell International Inc. (spin-off)
The business grew out of Honeywell's materials operations, which combined specialty chemicals, refrigerants, high-performance fibers, and semiconductor materials under the Performance Materials and Technologies segment. The segment generated approximately $9.4 billion in 2024 revenue across process technology and advanced materials.
Honeywell announced its three-way separation in February 2025. On October 30, 2025, the advanced materials business spun off as Solstice Advanced Materials, taking its name from the Solstice line of low-global-warming-potential refrigerants that had been one of the business's flagship products. David Sewell, who led the advanced materials business, became president and CEO of the new company.
The separation left Honeywell's process technology licensing business, including UOP refining technology, inside the remaining company now called Honeywell Technologies.
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About Solstice Advanced Materials Inc.
Independent specialty chemicals and advanced materials company spun off from Honeywell in October 2025, trading on Nasdaq as SOLS, headquartered in Morris Plains, New Jersey.
- Founded: 2025
- Headquarters: Morris Plains, New Jersey, USA
- Company Type: Publicly Traded
- Stock: Nasdaq: SOLS
- Revenue: Approximately $3.8 billion (FY2025)
- Employees: Approximately 4,000
Where Is Solstice Advanced Materials (formerly Honeywell Performance Materials) Made / Based?
- Headquarters: Morris Plains, New Jersey, USA
Solstice Advanced Materials (formerly Honeywell Performance Materials) Categories & Tags
Solstice Advanced Materials (formerly Honeywell Performance Materials) Recalls & Controversies
As a chemical manufacturer, Solstice operates under EPA, OSHA, and international environmental regulation. Legacy environmental liabilities associated with predecessor facilities were allocated between the separating companies under the spin-off agreements disclosed in SEC filings. The business also faces ongoing scrutiny over fluorinated chemistry amid evolving PFAS and refrigerant regulation.
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Solstice Advanced Materials (formerly Honeywell Performance Materials) Ownership: Pros & Cons
Advantages
- +Leading position in low-GWP refrigerants amid global regulatory phase-downs
- +Specialty materials exposure to semiconductors and defense demand
- +Independent capital allocation as a focused pure-play
- +Established manufacturing and customer relationships from the Honeywell lineage
Considerations
- -Newly independent company with limited standalone operating history
- -Smaller scale than major specialty chemical competitors
- -Environmental liability allocations inherited from the legacy business
- -Refrigerant pricing exposed to regulatory and competitive dynamics
Frequently Asked Questions About Solstice Advanced Materials (formerly Honeywell Performance Materials)
Sources & Further Reading
Competitors to Solstice Advanced Materials (formerly Honeywell Performance Materials)
No direct competitors found in the same category. This could be because Solstice Advanced Materials (formerly Honeywell Performance Materials)operates in a unique market segment or we're still building our competitor database.
Independent Alternatives to Solstice Advanced Materials (formerly Honeywell Performance Materials)
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Dalmia Cement is privately owned, unlike Solstice Advanced Materials (formerly Honeywell Performance Materials) which is under a publicly traded parent company.
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UltraTech Cement is privately owned, unlike Solstice Advanced Materials (formerly Honeywell Performance Materials) which is under a publicly traded parent company.
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packagingflexible-packagingrigid-packaging
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Amcor operates independently without a large parent corporation.
Solstice Advanced Materials Inc. Stock Information
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