Winchester Ammo Parent Olin Corporation to Merge with Huntsman Corp.

Olin Corporation, the parent of Winchester Ammunition and Huntsman Corporation, has entered into a definitive agreement to combine the companies in an all-stock merger of equals to “create a leading North American chemicals company. “ 

The transaction is expected to generate significant value for shareholders of both companies, with more than $400 million in total identified cost synergies and integration benefits. 

The combined organization will be renamed OlinHuntsman Corporation following the close of the transaction and would have had 2025 revenue of approximately $12.5 billion on a combined company basis. 

Olin’s ammunition business, Winchester, will continue to operate as a key business within the combined company, “growing its brand and deepening its long-term relationships with sporting goods, law enforcement and military customers.” 

Upon closing of the transaction, Olin’s President and CEO, Ken Lane, will serve as CEO of OlinHuntsman. Current chairman, president and CEO of Huntsman, Peter Huntsman, will serve as a non-executive chairman of OlinHuntsman’s Board of Directors. Current Huntsman EVP and CFO Phil Lister will serve as CFO of the combined company. 

OlinHuntsman’s Board of Directors will consist of 10 members, with equal representation from Olin and Huntsman, including Peter Huntsman and Ken Lane.