Honeywell of the United States recently announced that private equity firm Rank Group will acquire its Automotive Consumer Products Group (CPG), with a cash transaction value of approximately US$950 million. The transaction must be approved by the regulatory authorities and the usual transaction conditions are met. It is expected to be completed in the third quarter of 2011. The company plans to count the CPG as a discontinued operation after it has been approved by the regulatory authorities. The guidance of the company for 2011 earnings per share does not include the expected book income from the sale of CPG. The company plans to use this book income for business transformation and other initiatives. The proceeds of these initiatives and the use proceeds from the sale of assets are expected to compensate for the losses that were made in 2011 and afterwards due to the sale of CPG.

CPG is headquartered in Danbury, Connecticut and employs more than 2,000 people. The group has four leading automotive consumer brands: FRAM® Filters, Prestone® Antifreeze, Autolite® Spark Plugs, and Holts® Automotive Care Products. CPG currently belongs to the Honeywell Transportation Systems Group and its 2010 sales were approximately $1 billion. The Transportation Systems Group includes Honeywell's turbocharger and friction material business. After the sale of the CPG, the Transportation Systems Group will continue to operate as one of Honeywell’s business units.

Rank Group is a private equity investment company headquartered in New Zealand, investing in multiple industries. Its purpose is to build and develop leading global companies, including Reynolds Group Holdings, one of the world's largest packaging companies.

“We are pleased to announce the sale of the CPG to the Rank Group. The CPG is a good business, but it is not in line with our differentiated, global technology portfolio.” Honeywell Chairman and Chief Executive Officer Goodwin said, “Rank The Group enjoys an excellent track record of investing and building existing distribution agencies and we believe that the Rank Group will be a good home for CPG's consumer brands, customers and employees, and our commitment to the development of the Transportation Systems Group remains unchanged. And we are confident that we have the leading technology position in the global turbocharger industry, which is in line with the favorable macro trends of the world to improve fuel economy and reduce emission requirements. With clever deployment of the proceeds from the sale of CPG. In combination with the strong growth prospects of the Transportation Systems Group, we will bring excellent long-term benefits to customers and shareholders."

Electronic Slide Blister Packaging

Slide Blister Packaging

Sliding card blister refers to a packaging form in which a paper card and a transparent blister folded over three sides are inserted together. Its characteristic is that it does not require any packaging equipment during packaging, and only requires workers to put the product, blister and paper card in place That's it.



The issues that should be noted are:

1. The size of the paper card and the folded blister is appropriate. If they are inserted too tightly, the paper card and the blister will be deformed; if they are too loose, they will be easily separated.

2. When the product is too heavy, consider fixing the paper card and the blister at a certain position with staples.



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