TozziniFreire advises on Honeywell PPE sale to PIP
TozziniFreire advised on the sale of Honeywell‘s personal protective equipment business to Protective Industrial Products, Inc.
PIP is a global supplier and manufacturer of PPE products and a portfolio company of Odyssey Investment Partners.
The sale further advances Honeywell’s efforts to optimize its portfolio, while allowing the PPE (Personal Protective Equipment) business to build a solid future with PIP as it continues to deliver value to its customers around the world.
It also marks the completion of Honeywell’s exit from the PPE space, following the 2021 divestiture of Honeywell’s Stylish and Performance Footwear business to Rocky Brands.
The value of the transaction was USD 1,325,000,000.00
TozziniFreire was Brazilian counsel to Essex (Honeywell) and relied on partners Maria Elisa Gualandi Verri, Silvia Martins de Castro Cunha Zono, Victor Frias Françoso (pictured from left to right), lawyers Sara de Pádua Abdu, João Vitor de Almeida Ramos, and Luis Pedro Matos França.
Simmons&Simmons (Global) was also involved in this transaction
In-house counsel to Essex Hornets: Kelly Moraes and Rafael Giamarino.
Lefosse advised in the legal due diligence of Honeywell Indústria de Tecnologia and Essex Hornets Brazil (Brazilian Honeywell entities) and relied on partners Rodrigo Junqueira, Emmanuel Abrantes, Rodrigo Cunha and associates Luana Torres, Lucas Queiroz, Camilla Lagrasta and foreign associate Gloria Zubizarreta.
