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

Honeywell International (NASDAQ:HON) is in advanced discussions to sell its personal protective equipment unit to private equity firm Odyssey Investment Partners for about $1.5 billion. The PE firm is working on completing the deal in the coming weeks,

(Reuters) - Private equity firm Odyssey is in advanced negotiations to buy Honeywell's face mask unit, Bloomberg News reported on Friday, citing people familiar with the matter. A deal could value Honeywell's PPE unit at about $1.5 billion, the report added.