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Honeywell announced plans to split into three independent companies.
The conglomerate's automation, aerospace technologies and advanced materials businesses will operate separately under the plan.
“The formation of three independent, industry-leading companies builds on the powerful foundation we have created, positioning each to pursue tailored growth strategies and unlock significant value for shareholders and customers,” Honeywell Chair and CEO Vimal Kapur said in a statement.
Read more from The Associated Press.
Taking shape on 3.5 acres just east of State Highway H/Glenstone Avenue in the area of Valley Water Mill Park are the Fulbright Heights Apartments – three 23,000-square-foot buildings with 24 units each for a total of 72 one- and two-bedroom apartments.