Honeywell to License Its Brand to Homes Spin, Reveals New Post-Spin Company Name
MORRIS PLAINS, N.J. — Honeywell Intl. Inc. announced Resideo will be the corporate name of the Honeywell Homes product portfolio and ADI global distribution businesses when they become a stand-alone, publicly traded company following completion of a spin that is expected by the end of 2018. Honeywell will license its brand to Resideo under a long-term agreement for use in its home comfort, security hardware, and software solutions for all channels.
“The home is the biggest investment most of us will ever make — the place where we create a lifetime of memories,” said Mike Nefkens, president and CEO, Honeywell Homes, the business that will become Resideo. “Because the home is a centerpiece of our lives, we expect it to be secure, comfortable, and safe at all times. Resideo builds on Honeywell’s strength in providing the world’s best solutions to help people to live more productive, comfortable, and safer lives. And because smart home choices can be truly overwhelming, our mission is to provide consumers with integrated, simple solutions for today’s connected home.”