For Honeywell, the transactions are the latest steps in the restructuring of its Specialty Materials business unit. The new combined business entity, to be known as Honeywell Nylon, is expected to yield annual sales of approximately $1 billion.
Honeywell Nylon will include Anso and BASF's Zeftron carpet fiber brands. The new unit will provide nylon fiber to the carpet fiber industry in commercial, automotive and residential end uses; textile nylon fiber, including a diversified line of nylon yarns for apparel fabrics; nylon for automotive headliner fabrics; and solution dyed nylon for upholstery fabrics.
Additionally, Honeywell Nylon will supply engineering resins and chemicals to numerous customers, the company said.