HONEYWELL INTERNATIONAL INC acquired UOP Russell LLC for $240 million, a transaction announced in January 2016, structured as Buyout of remaining 30% minority interest in an already-majority-owned entity.
UOP Russell LLC operates in Performance Materials and Technologies (Honeywell UOP), is based in United States. In 2016 Honeywell acquired the remaining 30 percent interest in UOP Russell LLC, a maker of modular equipment and technology to process natural gas, taking the venture to full ownership within Honeywell UOP. UOP Russell was formed after Honeywell's 2012 acquisition of a 70 percent stake in the Thomas Russell Co.; this transaction is the buyout of the remaining minority interest rather than a separate third-party company acquisition (the original deal is already captured as Thomas Russell, 2012).
Consolidate full ownership of the UOP Russell modular gas-processing business already majority-controlled by Honeywell.
Advisory firms were not disclosed for this transaction.