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Honeywell to spin off ADI distribution business

After much hype and speculation this week by Reuters and the business pages of the press, Honeywell's comprehensive portfolio review shows that intends to separately spin off its Homes product portfolio and ADI global distribution business, as well as its Transportation Systems business, into two stand-alone, publicly-traded companies.  As a result of these changes, effective immediately, Gary Michel, after 32 years at Ingersall-Rand, is to serve as president and CEO of Honeywell’s Home and Building Technologies (HBT) strategic business group.

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