Olin and Huntsman to Merge, Creating a $12.5B Chemicals Leader
Olin and Huntsman agreed to a merger of equals creating "OlinHuntsman," a ~$12.5B-revenue North American chemicals leader with $400M+ in synergies.
TL;DR — Olin and Huntsman agreed to a merger of equals creating "OlinHuntsman," a roughly $12.5 billion-revenue North American chemicals leader, with $400M-plus in targeted synergies — consolidation as defense in a down chemicals cycle.
Two big American chemical makers are joining forces to ride out a tough market. On June 16, 2026, Olin and Huntsman announced a merger of equals.
The merger
Olin and Huntsman agreed to an all-stock merger of equals to create "OlinHuntsman Corporation," with roughly $12.5 billion in combined 2025 revenue. Olin holders would own about 54.5% and Huntsman holders about 45.5%; the companies identified $400 million-plus in cost synergies (the majority within 24 months). Ken Lane will be CEO and Peter Huntsman non-executive chairman; the deal is expected to close in H1 2027, with headquarters moving to Texas.
| Detail | |
|---|---|
| Combined revenue | ~$12.5B (2025) |
| Ownership | ~54.5% Olin / 45.5% Huntsman |
| Synergies | $400M+ |
| Close | H1 2027 |
What they said
"This combination provides a compelling opportunity for Olin and Huntsman to create a more resilient and value-focused chemicals company anchored in North America." — Ken Lane, President & CEO, Olin Corporation
Why it matters
- Consolidation as defense. Scale helps weather a prolonged downturn in commodity chemicals.
- Vertical integration. Olin’s upstream chlor-alkali pairs with Huntsman’s downstream materials.
- A bet against Asian competition. A bigger North American champion aims to compete globally.
FAQ
What are Olin and Huntsman creating?
An all-stock merger of equals — "OlinHuntsman Corporation" — combining into a North American chemicals leader with roughly $12.5 billion in 2025 revenue. Olin holders would own ~54.5% and Huntsman holders ~45.5%, with $400M-plus in targeted synergies.
Why are the companies merging now?
To gain scale and resilience during a down chemicals cycle. Combining Olin’s upstream chlor-alkali with Huntsman’s downstream advanced materials is framed as a way to compete more effectively, especially against Asian commodity-chemical producers.
Sources
Image: Huntsman logo by Huntsman Corporation — Public domain, via Wikimedia Commons.
← Back to all posts