Honeywell Buying Maxon

Hammond, Kennedy, Whitney & Co. has agreed to sell Maxon Corp. to Honeywell International Inc. (NYSE: HKW). No financial terms were disclosed for the deal, which is expected to close later this quarter. Maxon is a Muncie, Ind.-based manufacturer of industrial combustion controls, including a range of combustion burners, gas valves and engineered systems. Harris Williams & Co. advised Maxon on the transaction.