Honeywell has completed the Solstice spin-off of its Advanced Materials business, now operating as Solstice Advanced Materials. Shares of Solstice began trading on the Nasdaq Stock Market on October 30, 2025, under the ticker symbol SOLS. Honeywell will continue to trade under its existing ticker HON.
The separation was first announced earlier this year as part of Honeywell’s plan to create three independent, focused market leaders — each with its own strategy and growth direction. According to the company, the move marks an important step in its ongoing transformation to become more efficient and agile across its core businesses.
The spin-off was completed through a share distribution to Honeywell investors. Shareowners of record as of October 17, 2025, received one Solstice share for every four Honeywell shares they held. They also received cash payments in place of any fractional shares.
Honeywell Chairman and CEO Vimal Kapur said the completion of the spin-off represents “a major advancement” in the company’s transformation plan. He added that Honeywell believes a more focused portfolio will help each business grow stronger and deliver greater value over time.
The newly formed Solstice Advanced Materials will continue to operate as a global supplier of advanced refrigerants, blowing agents, and materials used in multiple industries. These include refrigeration, air conditioning, insulation, and other sectors that depend on low-carbon and sustainable materials.
Honeywell stated that the separation allows each company to pursue its own growth strategy while continuing to serve customers and partners worldwide. The company also confirmed that its next planned separations — involving the Automation and Aerospace businesses — remain on schedule for completion in the second half of 2026.
In its statement, Honeywell highlighted that the spin-off reflects its commitment to create focused organizations with clear priorities. The company said it expects these changes to make its operations more transparent and efficient, benefiting shareholders and customers alike.
Additional information about the transaction is available through Honeywell’s Investor Relations website, where the company publishes regulatory updates, news releases, and filings with the U.S. Securities and Exchange Commission (SEC).
Honeywell continues to position itself as a technology-driven industrial company with global operations across aerospace, building automation, industrial automation, and process technologies. The company’s work is guided by its Honeywell Accelerator operating system and Honeywell Forge digital platform, both designed to support smarter and safer operations for customers in different industries.
The new spin-off marks the start of a new chapter for both Honeywell and Solstice. It gives Solstice a stronger identity as an independent company in the global advanced materials market and supports Honeywell’s goal of building a more focused and flexible business structure for long-term growth.
