Article > News

Honeywell Completes Sales of CPG Unit to Rank Group


MORRIS TOWNSHIP, N.J. – Honeywell has completed the sale of its Consumer Products Group (CPG) business to Rank Group Limited in a cash transaction valued at approximately $950 million.

The CPG business includes four leading consumer automotive brands: FRAM filters, Prestone antifreeze, Autolite spark plugs and Holts car care products. CPG reported 2010 sales of approximately $1 billion within Honeywell’s Transportation Systems segment.

Rank Group is a New Zealand-based private company that invests across a variety of industries and aims to build and grow leading global businesses, including Reynolds Group Holdings, one of the largest packaging companies in the world.

Advertise     Contact Us     Subscribe    
Babcox Media •
3550 Embassy Parkway, Akron, OH 44333
330-670-1234 • (FAX) 330-670-0874
Babcox Website Counterman: Home