DZP advises Protective Industrial Products on the acquisition of part of the Honeywell business

In cooperation with Latham & Watkins, a leading global law firm, DZP is advising on Polish aspects of Protective Industrial Products' acquisition of Honeywell Group companies: Honeywell Services Poland sp. z o.o.  and Honeywell sp. z o.o. At this stage, the project has involved the preparation and signing of a purchase agreement. The transaction represents a key step for our client in strengthening its leading position in the personal protective equipment industry and in expanding its global product portfolio.

“We are delighted to welcome these brands, capabilities and new employees into PIP with the acquisition of Honeywell’s PPE Business, which is highly complementary to our business. The combination of our expanded portfolio of brands and enhanced geographic reach will enable us to offer more growth opportunities for our valued customers around the world.” - said Curt Holtz, President and CEO of Protective Industrial Products.

A team of DZP experts is involved in the project and is responsible for providing comprehensive advice on Polish aspects of the transaction, including carrying out a due diligence and providing support during negotiation of the transaction documentation. The transaction is being handled by Katarzyna Biarda, Margarita Kobojek and Maciej Zajda from the Capital Markets and Financial Institutions Practice, while Tymon Grabarczyk from the Infrastructure and Energy Practice, Katarzyna Zwierz-Wilkocka from the Labour and Social Security Law Practice and Anna Okła-Woźniak from the Real Estate Practice were also involved in the due diligence.