Goldman Sachs
June 17, 2026
Americas Chemicals: Olin and Huntsman Merger of Equals
Sector ReportEquitiesMaterials
Olin Corp and Huntsman announced an all-stock merger of equals to form OlinHuntsman. The deal targets over $400mn in cost synergies and is expected to close in the first half of 2027.
Key Takeaways
- 1.Olin (OLN) and Huntsman (HUN) announced an all-stock merger of equals to create a new entity named OlinHuntsman.
- 2.The merger aims to achieve $400mn+ in cost synergies and integration benefits, with the majority realized within the first two years.
- 3.The transaction is expected to close in 1H27, pending shareholder and regulatory approvals.
Table of Contents
- What was announced
- Strategic and financial rationale
- More on company expected deal synergies
- Pro forma sales and EBITDA
- Transaction details
- Stock performance
- Valuation and Key Risks
- Disclosure Appendix
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Authors
Duffy FischerMike HarrisRamsey AbdulrahimJordan Lee
Securities
OLNHUN
Themes
Cost SynergiesM&AVertical Integration
Regions
North AmericaUnited States
