Monday, January 22nd 2018

HON - Honeywell

The history of Honeywell International (NYSE: HON) goes back to 1885 when an inventor with the name of Albert Butz got the patent for the furnace regulator and alarm which he designs a little while afterwards a product called the "damper flapper." After the awarding of the patent he created the Butz Thermo-Electric Regulator Co.

In 1927, years after Mark Honeywell formed the Honeywell Heating Specialty Co. in 1906 after working on a heating generator, the two companies merged to become the Minneapolis-Honeywell Regulator Co. In 1963 the company changed the name to simply Honeywell Inc.

Today the company operates under for business sectors: Aerospace, Automation and Control Solutions, Specialty Materials, and Transportation Systems.

Important acquisitions through the years include Sperry, Novar plc., and AlliedSignal, which concerning AlliedSignal was a merger, as AlliedSignal was far larger than Honeywell at the time of the merger.

Honeywell International is headquartered in Morris Township, New Jersey.
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