Honeywell has a little bit of sweetness for just about everyone.
Honeywell is an American multinational conglomerate that produces a huge variety of services. The company makes engineering products, aerospace systems, consumer products, and commercial products. It’s a Fortune 100 company, though it hasn’t been publicly traded since 2008.
This company employs more than one hundred and ten thousand people. It’s annual revenue is almost forty-two billion dollars. It’s based out of Charlotte, North Carolina.
This company began as Mark Honeywell’s Heating Specialty Company in 1906. The company made a thermostat for coal furnaces that allowed people to regulate their heating systems automatically, something pioneered by Swiss engineer Albert Butz in 1885. Eventually, Mark Honeywell got the rights to manufacture and marketing the series of inventions that Butz had created.
Mark started the company in Wabash, Indiana to market his mercury seal generator. The company bought up rival Jewell Manufacturing Company in 1922, a move that helped to automate its already popular heating system. Eventually, Honeywell merged with another rivla, the Minneapolis Heat Regulator Company. Both companies were publicly held beginning in 1927.
Resilience and Expansion
Through the 1980s, Honeywell saw a major expansion. It survived the Great Depression, and in the years shortly after it began what would become a massively fruitful relationship with the United States Military. It developed periscopes and stabilizers for tanks during World War II. It also worked on control modules for airplanes and gauges with increased accuracy. The company’s innovation was a major support for the military through the war, and that partnership is one that continues to this day.
Early on, Honeywell dove into the digital development market. As early as the 1980s, Honeywell was creating computer technology that hoped to compete with IBM. Though the company did not continue on into the personal computing market, its extensive line of data management tools and computing patents continue to be a heavy part of its brand identity.
Divided by Four
Honeywell is divided into four business units.
- Honeywell Aerospace
- Safety and Productivity Solutions
- Honeywell Performance Materials and Technologies
- Home and Building Technologies
The company has a wide assortment of brands that are easily recognizable to consumers and commercial buyers. These include things like its home thermostats and its turbochargers. Honeywell commercial products like sensors, security alarm systems, dehumidifiers, air cleaners, and sensors are widely used all over the world, and especially in the United States.
It licenses its brand name to other retail companies that produce air conditioners, fans, heaters, home generators, paper shredders, and security safes.
In 1999, Honeywell was bought out by its much larger rival, AlliedSignal. Though the latter was many times bigger, it took on the Honeywell name because it was so much more widely recognized. Honeywell has acquired a massive number of smaller companies as well, more than fifty subsidiaries that have been bought up and integrated into the company over the last century.
The company consolidated its headquarters in New Jersey for almost twenty years before moving its main operations to Charlotte, North Carolina in 2019.
Today, Honeywell is a major player in worldwide consumer and corporate electronics.