An all-stock deal between Olin and Huntsman will see the two merge to create a North American entity valued at $12.5 billion. Renamed OlinHuntsman, the new entity will be headquartered in The Woodlands, Texas where Huntsman is currently headquartered. The merger is expected to close in 2027. Upon completion of the deal, Olin shareholders will own 54.5 percent of the company and Huntsman shareholders will own the remaining 45.5 percent.
The merger will increase scale, scope, and chlorine flexibility that will drive value “across markets and cycles,” according to a joint press release, combining Olin’s manufacturing and feedstock capabilities with Huntsman’s downstream products to better scale with its customers across the value chain.
The new operation will leverage lower-cost producer economics for improved profitability and opportunities that would not have been possible on their own. Together, the companies have identified over $400 million in savings and increased efficiencies through the merger, which includes $300 million in potential savings in the first two years and another $100 million of raw material integration benefits down the road.
Once the merger is closed, OlinHuntsman will reshuffle its leadership team with Olin’s Ken Lane serving as CEO and Peter Huntsman serving as the non-executive Chairman of the company’s board of directors. Huntsman CFO Phil Lister will serve in the same role for the combined company and Olin CFO Todd Slater will serve as Chief Integration Officer.
