The all-cash deal for Melrose’s Elster division will have a minor dilutive impact on its 2016 earnings per share, Honeywell, a maker of aircraft parts and climate control systems, said in a statement. “Elster’s gas business offers products in high demand among natural gas customers and brings a strong, global distribution network and numerous cross-selling opportunities for existing Honeywell technologies,” Honeywell said. Elster, which also makes flow computers and regulators for the gas industry, is estimated to post sales of $1.8 billion in 2015.