Honeywell has divested its legacy Bendix asbestos liabilities to Delticus, streamlining its financial obligations and enhancing annual cash flow.

Information on the Target

Honeywell has successfully divested its legacy Bendix asbestos liabilities, including certain non-Bendix asbestos liabilities, to Delticus, a reputable corporate liability acquisition platform. This strategic move is pivotal as it signifies Honeywell's commitment to managing its financial obligations effectively while focusing on core business operations.

The divestiture involved the transfer of approximately $1.68 billion in cash and specific insurance assets linked to these liabilities to Delticus. As part of the deal, Delticus assumes full administrative responsibility for addressing all current and future asbestos-related claims, marking a significant step for Honeywell in its financial strategy.

Industry Overview in the Target's Specific Country

The landscape for corporate liability acquisition firms in the United States is characterized by a growing focus on managing legacy liabilities efficiently. Companies are incre