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Honeywell (NYSE: HON), Morris Plains, NJ, said that Resideo will be the corporate name of its Honeywell Homes product portfolio and ADI Global Distribution businesses when they become a stand-alone, publicly traded company following completion of a spin-off that is expected by the end of 2018. The company also said that Resideo products will go to market under the Honeywell brand name as part of a long-term licensing agreement with Honeywell.
The ADI Global Distribution business, which has more than 200 locations in nearly 20 countries, will retain its name and remain a free-standing distribution business of Resideo. ADI is a distributor of security and low voltage products.