Olin Corp. and Huntsman Corp. are merging to create a chemicals producer with roughly U.S.$12.5 billion in annual revenue and a broader footprint across North America’s industrial supply chain.
The companies said on June 16 that the combined business will be renamed OlinHuntsman Corp. and headquartered in The Woodlands, Texas. The transaction, which has been unanimously approved by both boards, is expected to close in the first half of 2027, subject to shareholder and regulatory approvals.
The two companies operate in different parts of the chemicals industry. Olin, a Missouri-based producer founded in 1892, manufactures chlor-alkali products, epoxies and ammunition under its Winchester brand.
Huntsman, founded in 1970 and based in Texas, makes specialty products that include additives and metalworking fluids. through its polyurethanes, performance products and advanced materials divisions. Its largest business is polyurethanes, built around methyl diphenyl diisocyanate and polyols.
Huntsman shareholders will receive 0.5476 Olin shares for each Huntsman share held. Following completion, existing Olin investors will own about 54.5% of the combined company, while Huntsman shareholders will hold the remaining 45.5%.
Olin’s President and Chief Executive Officer Ken Lane will be CEO of the new company and Peter Huntsman will be non-executive chairman. Huntsman CFO Phil Lister will be CFO of the combined company, while Olin’s CFO Todd later will become chief integration officer.