Honeywell has agreed to sell its U.S. nylon carpet fibers business to Shaw Industries Group, Inc.
Honeywell and Shaw also agreed to a long-term supply agreement for Honeywell to supply Shaw with caprolactam and nylon resin, two intermediate chemicals used in the production of nylon fibers for carpeting and other applications.
Under terms of the transaction, Honeywell will sell its nylon fiber manufacturing operations in Anderson, Clemson and Columbia, S.C., to Shaw Industries, which will also acquire the Zeftron nylon and Anso nylon brand names. Shaw will also acquire Honeywell's 50 percent stake in Evergreen Nylon Recycling, based in Augusta, Ga.
These four operations represent approximately 90 percent of Honeywell's nylon fiber capacity. Honeywell's nylon fiber operations in Shanghai, China, and Arnprior, Canada, and its textile operations in Anderson, S.C., are not part of the transaction.
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