en.Wedoany.com Reported - Two chemical companies announced a full-share-for-share merger. On June 16, Olin Corp., headquartered in Clayton, Missouri, USA, and Huntsman Corp., headquartered in The Woodlands, Texas, signed a definitive agreement. The transaction is still subject to approval by shareholders and regulators of both parties and is expected to close in the first half of 2027.
Both companies play significant roles in the composites field. Olin's epoxy division, Olin Epoxy, provides resin systems for composite applications; Huntsman's Advanced Materials division produces epoxy and polyurethane-based systems, serving composite end markets such as aerospace, automotive, and industrial applications, with its product line including Araldite adhesives.
The combined company will operate under the name OlinHuntsman Corp. This move aims to achieve vertical integration, combining Olin's upstream manufacturing capabilities—covering chlorine and caustic soda production—with Huntsman's downstream formulation expertise and advanced materials portfolio. Both parties confirmed that cost synergies and integration benefits exceed $300 million, with the majority expected to be realized within 24 months after the transaction closes. Additionally, starting from 2031, raw material integration is expected to generate an additional $100 million in benefits.
In terms of leadership, Olin's current President and CEO, Ken Lane, will serve as CEO of OlinHuntsman. Huntsman's current Chairman, President, and CEO, Peter Huntsman, will serve as non-executive Chairman of the combined company's board. The headquarters of the merged entity will be located in The Woodlands, Texas.
Under the terms of the transaction, Huntsman shareholders will receive 0.5476 shares of Olin stock for each share they hold. Upon completion of the transaction, former Olin shareholders will hold approximately 54.5% of the combined company's shares, while Huntsman shareholders will hold approximately 45.5%.
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