Honeywell completes spinoff of Advanced Materials unit

Honeywell International Inc. (NASDAQ: HON) completed the spinoff of its Advanced Materials business, which began trading on the Nasdaq Stock Market under the ticker symbol "SOLS" as Solstice Advanced Materials.

The separation was executed through a distribution to Honeywell shareholders of record as of October 17, 2025. Shareholders received one share of Solstice common stock for every four shares of Honeywell stock held, with cash provided for fractional shares.

The spinoff represents part of Honeywell's plan to create three independent companies. The company plans to separate its Automation and Aerospace businesses in the second half of 2026.

"The completion of this spin-off marks a major advancement in Honeywell's transformation to become three independent, industry-leading companies with distinct strategies and growth drivers," said Vimal Kapur, Chairman and Chief Executive Officer of Honeywell.

Honeywell continues to trade on the Nasdaq under its existing ticker symbol "HON." The distribution became effective at 12:01 a.m. Eastern Time on October 30, 2025.

The company stated the spinoff reflects its strategy to create a more focused portfolio to deliver value for shareholders. Solstice Advanced Materials operates as the former Advanced Materials division of Honeywell.

Information about the spinoffs is available on Honeywell's Investor Relations website, according to the company's announcement.

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