Olin Corporation and Huntsman Corporation have cleared a major hurdle in their planned merger of equals.
This, with the U.S. Securities and Exchange Commission declaring effective the registration statement required to move the $6 billion-scale chemical industry combination forward.
The companies announced that the SEC approved Olin’s Form S-4 registration statement on July 13, paving the way for shareholder votes on the proposed transaction that would create OlinHuntsman, a major North American chemicals company with operations spanning the U.S., Europe and Asia.
Special meetings for Olin shareholders and Huntsman stockholders are scheduled for August 2026, where investors will vote on the merger proposal.
The companies said the combination is expected to unlock more than $400 million in cost synergies and integration benefits, including more than $300 million in annual savings and efficiencies by the end of the third year after closing.
More than 90% of those savings are expected within the first 24 months, with an additional $100 million in raw material integration benefits targeted beginning in 2031.
The merger is designed to combine Olin’s manufacturing scale and feedstock capabilities with Huntsman’s downstream products and formulation expertise, creating a vertically integrated chemical producer positioned to serve industries including aerospace, automotive, electronics, construction, alternative energy and consumer markets.
The companies said the combined business would benefit from expanded chlorine capabilities, a broader global footprint and a more efficient operating model aimed at improving margins, cash flow and long-term shareholder returns.
Having an effective registration statement on file marks an important milestone in bringing Olin and Huntsman together," said Ken Lane, President and Chief Executive Officer of Olin.
"We look forward to continuing to engage with both sets of shareholders to highlight the significant value this transaction will generate, including the greater financial benefits that will be delivered if the transaction is completed as a direct merger.
"Our teams are working very well together to build momentum toward closing. This underpins our confidence in achieving the significant synergy targets we shared when we announced the transaction, delivering long-term shareholder value across the chemical value chain as one company."
Peter Huntsman, Chairman, President and Chief Executive Officer of Huntsman, said the companies are advancing toward completion of the deal with strong cooperation between their teams.
"We are very encouraged by the progress made to advance our proposed merger of equals and are working to complete the transaction as soon as possible, thanks to the hard work and dedication of teams across both companies," said Peter Huntsman, Chairman, President and Chief Executive Officer of Huntsman.
"The collaboration demonstrated throughout this process will support a successful closing and unlock significant value for both companies and our shareholders."
