MORRIS TOWNSHIP, N.J.—Honeywell (NYSE: HON) announced it has acquired all of the shares of Sperian Protection held by Essilor International (Reuters: ESSI.PA), Mrs. Ginette Dalloz and Société Civile Familiale Dalloz, at a price of €117 per share in accordance with the share purchase agreement announced in May, 2010. As a result of this acquisition, Honeywell now holds 28.28 percent of the share capital and 27.53 percent of the voting rights of Sperian Protection.

The selling shareholders received the same price as is to be paid to Sperian shareholders tendering their shares in the pending all cash tender offer filed by Honeywell Holding France, which opened on July 12, 2010 and will close on Sept.r 2, 2010 with settlement for tendered shares to be made on Sept. 15, 2010.

The completion of this offer has been cleared by the U.S. and European antitrust authorities and remains subject only to the successful tender by Sperian's shareholders of shares representing no less than 57 percent of the fully diluted number of shares, including the stakes acquired from Essilor, Société Civile Familiale Dalloz and Mrs. Ginette Dalloz.

Sperian Protection is a leader in personal protection equipment (PPE) design and manufacturing and will be combined within Honeywell's Automation and Control Solutions' Life Safety business.