It’s Just Business: Honeywell acquires Catalyst Technologies, and other news
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Honeywell sealed its deal to acquire Catalyst Technologies, shoring up its refining, petrochemicals and renewable fuels businesses. Elsewhere in the industry, Caterpillar will inject $3 million into training institutions and other groups to support the growth of the manufacturing and technician workforce. In this edition of It's Just Business, we've rounded up recent deals and commitments. Agreement: Caterpillar will invest up to $3 million to prepare Arkansas workers for modern manufacturing and technician jobs. The construction and mining equipment manufacturer will use the funding to support collaboration among training institutions, employers, students, and community groups, expanding access to workforce training. "By connecting training directly to the needs of employers, this initiative will give more Arkansans the skills to step into good-paying careers and give businesses another reason to invest, expand, and create jobs in our state," Gov. Sarah Huckabee Sanders said in an August press release. Acquisition: Honeywell Technologies completed its £1.325 billion ($1.759 billion) acquisition of Johnson Matthey's Catalyst Technologies business. The acquisition expands Honeywell's process technology portfolio across refining, petrochemicals, and renewable fuels, while adding catalyst expertise. "This acquisition significantly enhances Honeywell Technologies' ability to...
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