Honeywell Complete Sale of Performance Fibres Business to Sun Capital Partners

16 January 2005

Honeywell has completed the sale of its Performance Fibres business to Sun Capital Partners, Inc.

The Performance Fibres business supplies high tenacity polyester fibre and other materials globally. The business had 2003 revenues of $368 million and includes production facilities in North Carolina and France as well as joint ventures in China and Korea.

The divestiture is part of Honeywell Specialty Materials' continued execution of its plan to focus investment on select core businesses built around Growth Platform technologies including fluorines, advanced fibres and composites, reagents, electronic materials and barrier solutions.

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