Odyssey in Advanced Talks to Buy Honeywell’s (HON) Face Mask Unit - Bloomberg

A worker at a Honeywell International Inc. factory producing N95 masks in Phoenix, Arizona.

Odyssey Investment Partners is in advanced talks to acquire Honeywell International Inc.’s personal protective equipment unit, people familiar with the matter said.

The private equity firm is putting the finishing touches on a deal that could be announced in the coming weeks, according to the people. The acquisition could value Honeywell’s PPE unit at about $1.5 billion, they said.