About Hand Held Products, Inc.

Thermostats and jet engines seem worlds apart, but they coexist at Honeywell International. More than a century old, the company is a diverse industrial conglomerate with four segments; the largest are Aerospace (turbo engines and flight safety and landing systems) and Home and Building Technologies (smart controls and displays). Additional segments include Performance Materials and Technology (thermal switches, fibers, and chemicals) and Safety and Productivity Solutions (gas detection technology and mobile devices and software for computing, data collection, and thermal printing). In late 2017, Honeywell announced it will spin off its turbo charger operations and home heating and security businesses to create two new publicly listed companies.

Change in Company Type

In order to streamline its operations, Honeywell in late 2017 announced it was spinning off its turbo charger unit and home heating and security businesses to create two new publicly listed companies. The new business featuring its turbo chargers will be known under the Transportation Systems moniker, while home security and heating products will fall under its new Homes and Global Distribution business. After the spin-offs, Honeywell believes its remaining portfolio will consist of six high-growth businesses each aligned to the global mega trends of energy efficiency, infrastructure investment, urbanization, and safety.


Honeywell is organized across four segments: Aerospace (almost 40% of net sales), Home and Building Technologies (roughly 25%), Performance Materials and Technologies (more than 20%), and Safety and Productivity Solutions (more than 10%).

Geographic Reach

Honeywell has more than 1,300 manufacturing, research, and sales offices and facilities; more than 40% of its products are manufactured in Asia and Europe, and the US represents about 60% of sales. Other key international markets are Canada and Latin America.

Sales and Marketing

Honeywell sells its products and services to original equipment manufacturers (OEMs) and other end markets like air transport, regional, aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers. It also caters to the petroleum refining, gas processing, and petrochemical sectors.

Financial Performance

Honeywell's revenues increased 2% from $38.6 billion in 2015 to $29.3 billion in 2016. This growth was led by a 16% spike in Home and Building Technologies sales due to organic growth and additional sales from acquisitions. The organic growth was attributed to new product introductions from its Environmental and Energy Solutions business and volume growth within its Security and Fire operations.

Honeywell's net income, however, remained static for both 2015 and 2016, hovering around the $4.8 billion mark for both years. This was mostly due to a spike in cost of products and services principally due to increased direct material costs of $380 million driven primarily by acquisitions.


For all its segments, Honeywell is focused on several issues and initiatives, including expanding in China, India, Eastern Europe, Latin America, and the Middle East; managing raw material costs through hedging; staying alert for liquidity issues among suppliers and customers; and controlling costs related to asbestos and environmental matters. Over the last few years it has launched new facilities in China, Malaysia, and India.

Honeywell's strategy for this growth also includes both acquisitions and the divestiture of under-performing units. In 2016 the company sold Honeywell Technology Solutions to KBR for some $300 million. Also that year, Honeywell spun off its former resins and chemicals business (within Performance Materials and Technologies) into a standalone, publicly traded company named AdvanSix.

Mergers and Acquisitions

Spurred by an aggressive acquisition strategy (possibly spending $10 billion or more through 2018), the company hopes to increase its revenues to $59 billion by 2018. These acquisitions specifically enhance Honeywell's software and technology infrastructure and increase its position within the growing trends involving energy efficiency, clean energy generation, safety, security, and global urbanization.

In 2016, Honeywell acquired Intelligrated for $1.5 billion. Intelligrated made and installed automated material handling equipment, including conveyors, sorters, and airport baggage handling equipment, as well as ordered fulfillment and warehouse control software. Its operations were added to Honeywell's Safety and Productivity Solutions segment, and the deal bolstered Honeywell's industrial Internet of Things expertise to optimize productivity and increase fulfillment speed for its customers.

Looking to fortify its Aerospace segment, Honeywell in 2016 purchased Canada-based COM DEV International, a satellite and space components provider of switches and multiplexers. The $347 million acquisition extended Honeywell's connectivity capabilities with proven satellite component technologies and granted it access to additional international customers.

Its Safety and Productivity Solutions segment also received a boost in 2016 through the $480 million purchase of New York-based Xtralis, a provider of smoke detection products, advanced perimeter security technologies, and video analytics software. The transaction added products to Honeywell that remotely verify fire and intrusion risks and enhanced its own Critical Infrastructure Protection (CIP) operations.

In 2015, Honeywell completed its $185 million acquisition of Datamax-O'Neil, a global manufacturer of fixed and mobile printers used in a variety of retail, warehouse, and distribution, and health care applications. The addition of Datamax-O'Neil to its portfolio enhanced its position within the global barcode printing segment.

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Hand Held Products, Inc.

700 Visions Dr
Skaneateles Falls, NY 13153-5312
Phone: 1 (315) 554-6000


  • Employer Type: Public
  • Technical Engineer: Tom Bianconi
  • Vice President: Michael A Ehrhart
  • Engineer: Dave Holzhauer
  • Employees: 770

Major Office Locations

  • Skaneateles Falls, NY

Other Locations

  • Fort Mill, SC