Honeywell And Premier Collaborate To Expand US Production Of Nitrile Exam Gloves

Honeywell International Inc HON and Premier Inc PINC announced a new commercial relationship dedicated to expanding the domestic production of nitrile exam gloves.
The new collaboration is expected to produce at least 750 million domestically made nitrile exam gloves in the first year.
The financial terms of the collaboration were not disclosed and are not expected to materially impact either Honeywell or Premier.
This collaboration is expected to expand access to domestically manufactured exam gloves for U.S. hospitals, clinics, and other healthcare providers. 80 participating Premier member health systems have committed to purchase a certain percentage of the Honeywell gloves for five years.
Price Action: HON shares are trading higher by 0.28% at $225.61, and PINC shares are down 0.42% at $35.50 in the market session on the last check Tuesday.