Huntsman Corporation and Olin Corporation have agreed to a mega hit “merger of equals” so as to reshape North America’s chemicals laandscape, integrating two big industrial players right into a single $12+ billion company set to be named OlinHuntsman.
Declared June 162, 2026, the all-stock deal is anticipated to give more than $400 million in cost synergies and incorporation advantages, while developing a vertically incorporated chemical giant covering upstream feedstocks to advanced downstream materials.
The integrated company will be led by Olin CEO Ken Lane, with Huntsman Chairman Peter Huntsman working as non-executive Chairman of the Board. Leadership stated the deal is formed to strengthen competitiveness across unstable global cycles and reinforce margins through scale and incorportion.
“This combination give a compelling opportunity for Olin and Huntsman to form a more resilient and value-focused chemicals company based in North America,” stated Ken Lane, President and Chief Executive Officer of Olin.
“Huntsman has constructed an impressive portfolio of polyurethane systems, formula technologies and advanced materials serving technical, application-driven end markets. By incorporating those capabilities with Olin’s world-scale chemicals assets and operations and detected synergies and advantages, we can form an industry leader with more flexibility to serve customers throughout the value chain, create stronger cash flow across the cycle and pursue opportunities that neither business could fully capture on its own.”
Peter Huntsman framed the merger as a response to strengthen global competition and supply chain realignment.
“As our industry persists to globalize, we compete more today against nations, than corporations, trade policies and global supply chains than ever before,” stated Peter Huntsman, Chairman, President and Chief Executive Officer of Huntsman.
“The opportunities this merger form allow us to create greater value for our shareholders, deliver exceptional service and products for our customers and give more stability and opportunities for our associates. This merger of equals takes two great companies and forms a much robust global leader.”
Under the term of the agreement, Huntsman shareholders will obtain 0.5476 shares of Olin for each share of Huntsman, with ownership of the integrated firm anticipated to split roughly 54.5% Olin and 45.5% Huntsman.
Beyond scale, executives are betting on deep operational incorporation —integrating Olin’s chlorine, caustic soda, and other upstream chemical production with Huntsman’s downstream formulations and advanced materials business.
The companies stated this may unlock more efficient conversion of feedstocks into higher-value products and reinforce cash flow through the cycle.
Peter Huntsman further said, “Ken and I agreed to use an at-the-market exchange ratio using volume-weighted average price over the trailing 30 days, measured as of the close of June 12, 2026. This delivers a premium to Huntsman’s shareholders relative to the historical averages while showing recent market situations.
“It is also equitable for Olin’s shareholders, smoothing out share price movements from last week’s trading. Looking ahead, our shared goal is on capturing the considerable long-time value this transaction forms for both sets of shareholders.”
The merger has been unanimously approved by both boards and is predicted to shut in the first half of 2027, pending regulatory and shareholder approvals. The integrated company will be based in The Woodlands, Texas, and will persist to operate Olin’s Winchester ammunition business as a part of its diversified industrial portfolio.
