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Olin and Huntsman announce merger
Olin and Huntsman have agreed on an all-stock merger to create OlinHuntsman, a EUR 11 billion revenue chemicals corporation. The deal aims to enhance vertical integration, achieve EUR 370 million in cost savings, and position the combined entity for growth across diverse markets.
The agreement, unveiled on 16 June 2026, aims to leverage the complementary strengths of both companies and achieve significant operational efficiencies.
Under the merger terms, Huntsman shareholders will receive 0.5476 Olin shares for each Huntsman share. This implies a deal value of EUR 2.24 billion, based on Huntsman’s outstanding shares. Following the transaction, Olin shareholders will hold approximately 54.5 % of OlinHuntsman, while Huntsman shareholders will retain 45.5 %. The merger is expected to close in the first half of 2027, pending regulatory and shareholder approvals.
Strategic synergies and financial benefits
The newly formed OlinHuntsman will combine Olin’s upstream manufacturing and feedstock capabilities, including chlorine and caustic soda production, with Huntsman’s downstream expertise in advanced materials and formulations. This integration is expected to result in EUR 370 million in cost synergies within three years, driven by raw material optimisation, operational efficiencies, and administrative savings.
Ken Lane, CEO of Olin and soon-to-be CEO of OlinHuntsman, stated, “This merger allows us to create a more resilient chemicals company capable of generating stronger cash flow through the business cycle.” Peter Huntsman, CEO of Huntsman, added, “By joining forces, we can better compete globally, deliver greater stability for employees, and enhance service consistency for customers.”
Growth opportunities and market positioning
OlinHuntsman will focus on delivering products to high-growth markets such as automotive, construction, and industrial applications. The company’s expanded manufacturing footprint in North America, alongside its presence in Europe and Asia, will support its ability to serve diverse regional markets effectively.
The headquarters of OlinHuntsman will be located in The Woodlands, Texas. The leadership structure includes Ken Lane as CEO and Peter Huntsman as non-executive Chairman of the Board. Additionally, a Strategic Integration Committee will oversee the realisation of the identified synergies.
The merger comes amid challenging conditions for the chemicals industry, including rising feedstock costs, shifting regulations, and global supply chain disruptions. By combining resources and expertise, OlinHuntsman aims to enhance operational resilience and capitalise on new market opportunities.
