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In October 2024, Honeywell announced it will be spinning off its Advanced Materials business, which was later named Solstice Advanced Materials.
On October 17, 2025, Honeywell shareholders of record received one share of Solstice common stock for every four shares of Honeywell common stock they owned.
The spin-off of Solstice was completed on October 30, 2025, with the company launching on the Nasdaq and joining the Nasdaq-100 (temporarily) and S&P 500 indices. David Sewell, formerly of WestRock and Sherwin-Williams, became the company's president and CEO.
On July 6, 2026, Solstice Advanced Materials announced a definitive agreement to acquire Element Solutions in a cash-and-stock transaction valued at approximately $14.5 billion, including debt. The deal, expected to close in the first half of 2027, aims to bolster capabilities in electronics and AI hardware infrastructure.