Honeywell International Inc. (NasdaqGS:HON) entered into equity purchase agreements to acquire 49% stake in Tinci Materials Texas LLC from Tinci Delaware LLC for $16.7 million on January 6, 2025. A cash consideration of $16.66 million will be paid by Honeywell International Inc.

The transaction is subject to approval of merger agreement by target board. The deal has been approved by the board.