en.Wedoany.com Reported - Olin Corporation and Huntsman Corporation plan to merge, creating a North American chemical company named OlinHuntsman. The transaction has been approved by the boards of directors of both companies and is expected to close in the first half of 2027. The merger will achieve over $400 million in cost synergies and integration benefits, creating value across different markets and cycles through increased scale and scope, as well as enhanced chlorine selectivity.
After vertical integration of Olin's and Huntsman's upstream and downstream operations, cost-advantaged North American assets and raw materials will be combined with differentiated formulations and high-value advanced materials. Leveraging a global manufacturing platform, OlinHuntsman will supply diverse end markets such as automotive, construction, infrastructure, and industrial applications, while achieving a structurally lower cost position and a stronger ability to convert advantaged electrochemical unit production into downstream materials.
Ken Lane, President and CEO of Olin, stated that this merger creates an opportunity for both companies to build a more resilient, value-focused North American chemical company. Huntsman has established an impressive portfolio of polyurethane systems, formulation technologies, and advanced material products serving technology-driven, application-driven end markets. By combining these capabilities with Olin's world-class chemical assets and operations, along with identified synergies and benefits, an industry leader will be created that can serve value chain customers more flexibly, generate stronger cash flows throughout the cycle, and seize opportunities that neither company could achieve alone. Ken Lane will lead OlinHuntsman, committed to creating long-term value for shareholders, customers, employees, and communities.
Peter Huntsman, Chairman, President, and CEO of Huntsman, noted that as the industry continues to globalize, competition with current national and trade policies and global supply chains is now greater than ever before compared to competition with other companies. This merger creates an opportunity to generate greater value for shareholders, provide superior service and products to customers, and offer greater stability and opportunities for employees. This merger of equals unites the two companies to create a stronger global leader.
The combined company will be managed by an experienced management team and board of directors, with current roles and responsibilities announced: Ken Lane, current President and CEO of Olin, will serve as CEO of OlinHuntsman; Peter Huntsman, current Chairman, President, and CEO of Huntsman, will serve as Non-Executive Chairman of the OlinHuntsman Board; Phil Lister, current Executive Vice President and CFO of Huntsman, will serve as CFO of OlinHuntsman.
The OlinHuntsman Board of Directors will consist of ten members, equally split between Olin and Huntsman, including Peter Huntsman and Ken Lane. Todd Slater, current Senior Vice President and CFO of Olin, will serve as Chief Integration Officer of OlinHuntsman.
