Protective Industrial Products (PIP), acquired the personal protective equipment (PPE) division of Honeywell for $1.3 billion.PIP, owned by Odyssey Investment Partners, offers a wide range of PPE products including gloves, eye protection, respiratory protection, and more.Founded in 1984, PIP is headquartered in New York and employs over 1,000 people with operations in multiple countries.Honeywell's PPE business, now acquired by PIP, provides safety products to various sectors and is estimated to have revenues of $1.1 billion for 2024.