(Reuters) -Honeywell said on Wednesday that it has divested all of its Bendix asbestos liabilities, as well as certain non-Bendix asbestos liabilities, to corporate liability acquisition platform Delticus.

The company is streamlining operations, with a plan to split into three independently listed companies expected to be completed by next year.

Honeywell inherited asbestos liabilities and lawsuits through its acquisitions of North American Refractories Company (NARCO) and Bendix Friction Materials.

The claims and lawsuits were over asbestos-related illnesses from NARCO and Bendix-made products.

Bendix, which made automotive brake linings containing asbestos, was previously owned by Honeywell and was sold in 2014.

While Honeywell set up the compensation trust with NARCO to resolve bil

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