---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-177294"
form_type: "8-K"
ticker: "APD"
cik: "0000002969"
company_name: "Air Products & Chemicals, Inc."
filed_at: "2024-07-10T23:59:59+00:00"
generated_at: "2026-05-31T22:17:45.141359+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Air Products sells LNG process tech & equipment business to Honeywell for $1.81B cash

## Summary
- Honeywell acquires Air Products' LNG business for $1.81B cash, representing ~13x 2024 estimated EBITDA.
- Approximately 475 employees and a 390,000 sq ft manufacturing facility in Port Manatee, FL will transfer to Honeywell.
- Transaction expected to close before end of calendar year 2024, subject to regulatory approvals.
- Air Products to focus on core industrial gas business and clean hydrogen at scale after divestiture.
- Honeywell expects the deal to be accretive to adjusted EPS and segment margin in first full year.

## SEC filing metadata
- accession: 0001193125-24-177294
- form_type: 8-K
- ticker: APD
- cik: 0000002969
- company_name: Air Products & Chemicals, Inc.
- filed_at: 2024-07-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2969/000119312524177294/0001193125-24-177294-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2969/000119312524177294/d861126d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-177294
- JSON: https://secwatch.observer/filing/0001193125-24-177294.json
- Plain text: https://secwatch.observer/filing/0001193125-24-177294.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.