Olin Corporation

What Olin Corporation does

Olin Corporation is a vertically integrated U.S. chemicals and ammunition manufacturer founded in 1892 and headquartered in Clayton, Missouri, with a global workforce of approximately 7,700 employees and 25 manufacturing sites across 8 countries. The company operates through three segments: Chlor Alkali Products & Vinyls (chlorine, caustic soda, bleach, hydrochloric acid, vinyls), Epoxy (resins, systems, curing agents serving coatings, composites, wind energy, electronics, and automotive), and Winchester (small caliber ammunition for military, law enforcement, and commercial sporting markets). It is the #1 chlor-alkali producer in North America, the #1 epoxy resin producer in both North America and EMEA, and the #1 small-caliber ammunition supplier to the U.S. military.

The company's technology backbone is zero-gap membrane cell chlor-alkali production, which materially reduces energy intensity relative to older diaphragm and mercury cell processes. Specialty capabilities include synthetic glycerin production in Stade, Germany (a key pharmaceutical excipient), 100% renewable-energy-powered epoxy manufacturing in Baltringen, Germany, and the Hidrogenii hydrogen liquefaction joint venture with Plug Power in St. Gabriel, Louisiana (15 tons/day capacity). Olin sells primarily through direct enterprise sales teams and B2B contracts across water treatment, chemical processing, PVC, construction, wind energy, defense, and pharmaceutical end markets, with pricing negotiated by quote based on product, grade, volume, and contract duration.

In June 2026, Olin announced an all-stock merger of equals with Huntsman Corporation to form OlinHuntsman Corporation (combined ~$12.5 billion 2025 revenue, Olin shareholders at 54.5%, $400M+ synergies, H1 2027 expected close), which will materially reshape the franchise. Beyond the merger, strategic activity includes the AMMO Inc. small-caliber asset acquisition (January 2025, $55.8M), Braskem EDC supply partnership (November 2025), K2 Pure Solutions bleach distribution expansion (June 2025), and the Hidrogenii hydrogen JV (April 2025). FY2025 revenue was $6.8B with a net loss of $42.8M, reflecting ongoing chlor-alkali cyclical weakness offset by acquisitions and a stable ammunition franchise.

Name

Olin Corporation

Legal name

Olin Corporation

Website

https://olin.com

Company type

Public

Founded year

1892

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Olin Corporation (NYSE: OLN) is a vertically integrated U.S. chemicals and ammunition manufacturer, producing chlor-alkali products, vinyls, epoxy resins, and Winchester small-caliber ammunition for water treatment, industrial, defense, and commercial markets globally.

Ownership category

akta.pro rank

Headquarters

HQ city

St Louis

HQ country

United States

HQ region

North America

Offices23 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Chlor Alkali Products and Vinyls: Chlorine, caustic soda (sodium hydroxide), potassium hydroxide, bleach, hydrochloric acid, and vinyl products. This segment is the largest contributor to revenue, serving water treatment, chemical processing, construction, and PVC production industries. Pricing is quote-based and varies by product grade and volume.
2. Epoxy Products: Epoxy resins, epoxy systems, and epoxy curing agents used in coatings, composites, construction, wind energy, and electronics. Manufactured at 8 global facilities. Revenue is generated through direct sales to industrial customers.
3. Winchester Ammunition: Small caliber ammunition for military, law enforcement, and commercial sporting markets. Includes commercial ammunition, military contracts, and industrial cartridges. Revenue from both government/defense contracts and retail commercial sales.
4. Joint Venture - Hidrogenii: Hydrogen liquefaction facility joint venture with Plug Power. The St. Gabriel facility produces liquid hydrogen for various markets including mobility and industrial applications.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Olin Corporation is a vertically integrated manufacturer that operates three business segments: Chlor Alkali Products & Vinyls (chlorine, caustic soda, vinyls, bleach, hydrochloric acid, potassium hydroxide), Epoxy (epoxy resins, systems, and curing agents for coatings, composites, and wind energy), and Winchester (small caliber ammunition for military, law enforcement, and commercial sporting markets). The company operates 25 manufacturing sites across 8 countries and sells into nearly 100 countries.

Product overview

Olin Corporation operates as a three-segment chemical and ammunition company. The Chlor Alkali Products & Vinyls segment produces chlorine and caustic soda critical for water treatment and chemical production. The Epoxy segment manufactures epoxy resins and systems for coatings, adhesives, and composites. The Winchester segment produces ammunition for sporting, military, and law enforcement markets. The company also produces specialty chemical intermediates including allyl chloride, epichlorohydrin, and synthetic glycerin, with strategic partnerships for bleach distribution.

Differentiator

Problem solved

Functional benefit

Brands

• Winchester: American ammunition brand with 150+ years of history, manufacturing and distributing sporting ammunition, military ammunition, reloading components, and industrial cartridges.
• Olin Chlor Alkali Products & Vinyls
• Olin Epoxy
• Hidrogenii

Products and services

• Chlor Alkali Products & Vinyls Produces and distributes chlorine, caustic soda (sodium hydroxide), potassium hydroxide, hydrochloric acid, vinyl products, and bleach for water treatment, pulp and paper manufacturing, PVC production, detergents, and chemical processing industries.
• Epoxy Resins and Systems Manufactures epoxy resins, epoxy systems, and curing agents used in coatings, composites, construction, wind energy, electronics, automotive, aerospace, and marine applications. Includes LITESTONE products for hydrogen storage and wind turbine applications.
• Winchester Ammunition Small caliber ammunition for military, law enforcement, and commercial sporting markets, including rifle, pistol, and shotgun ammunition, plus industrial cartridges. Winchester is the #1 manufacturer and supplier of small caliber ammunition to the U.S. military.
• Bleach (Sodium Hypochlorite) Disinfectant and bleaching agent distributed for municipal water treatment, sanitation, and industrial cleaning applications. Olin is the largest producer of industrial bleach in North America.
• Allyl Chloride Chemical intermediate used in the production of epichlorohydrin, glycerin derivatives, and other specialty chemicals.
• Epichlorohydrin Key raw material used to produce synthetic glycerin and epoxy resins.
• Synthetic Glycerin Produced from epichlorohydrin for use in pharmaceuticals (key ingredient for insulin in diabetes medication), food, and personal care products.
• Potassium Hydroxide Strong alkali (KOH) used in agricultural applications, fertilizer production, food processing, and deicing fluids to protect aircraft surfaces from ice accumulation.
• Methyl Chloride Methyl halide used in various industrial chemical processes.
• Perchloroethylene Specialty chemical used primarily in dry cleaning and industrial solvent applications, including brake degreasers for automotive safety.
• Sodium Hydroxide (Caustic Soda) Strong alkaline solution essential for pulp and paper production, water treatment, chemical manufacturing, and used to create liquid-absorbing gel in diapers.
• White Flyer Clay Targets Clay targets for the shooting sports market. Olin/Winchester is the largest clay target manufacturer in North America.
• Liquid Hydrogen (Hidrogenii JV) Liquid hydrogen produced through the Hidrogenii joint venture with Plug Power for mobility, industrial, and energy transition markets.

Quantifiable outcome

• Saves energy equivalent to powering 21,000 homes annually through zero gap membrane cell technology
• +4 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core, minor and major.

• Huntsman CorporationcoreStrategic or Co-development Partner · 16 June 2026Olin Corporation and Huntsman Corporation announced an all-stock merger of equals to form OlinHuntsman Corporation with approximately $12.5 billion in combined 2025 revenue. Olin shareholders will own approximately 54.5% and Huntsman shareholders approximately 45.5% of the combined company. The merger targets over $400 million in cost synergies and integration benefits, expected to close in H1 2027 pending regulatory and shareholder approvals. Ken Lane, current President and CEO of Olin, will lead the new organization as CEO.
• SCOR (Reinsurance)minorOthers · 1 April 2026Global reinsurer SCOR supports the Hidrogenii hydrogen plant in St. Gabriel, Louisiana as part of its energy transition push. SCOR's backing provides risk management for the green hydrogen facility which is one of the largest electrolytic hydrogen liquefaction facilities in North America.
• BraskemcoreStrategic or Co-development Partner · 11 November 2025Olin entered a long-term strategic partnership with Braskem involving supply of ethylene dichloride (EDC) to support Braskem's chlor-alkali and vinyl assets transformation in Brazil. The partnership enables Olin to leverage its competitive EDC cost advantage in the growing Brazilian PVC market, following Olin's dissolution of its Blue Water Alliance joint venture with Mitsui.
• K2 Pure SolutionsmajorChannel Partner/ Reseller/ Distributor · 30 June 2025Olin and K2 Pure Solutions expanded their strategic partnership to strengthen bleach distribution across California and the Western United States. The enhanced collaboration aims to improve supply reliability, regional coverage, and service responsiveness while reducing railcar chlorine transportation through localized bleach production.
• AMMO Inc.majorStrategic or Co-development Partner · 18 April 2025Winchester, a division of Olin Corporation, acquired small caliber ammunition manufacturing assets from AMMO Inc. for approximately $55.8 million (announced at $75 million). The acquisition was expected to provide approximately $40 million in synergies at the Winchester segment through vertical integration of ammunition manufacturing.
• Plug Power (Hidrogenii Joint Venture)coreStrategic or Co-development Partner · 17 April 2025Olin Corporation and Plug Power formed Hidrogenii, a joint venture to operate a hydrogen liquefaction facility in St. Gabriel, Louisiana. The facility was commissioned in April 2025 with capacity of 15 tons of hydrogen per day, making it among the largest hydrogen liquefaction facilities in North America. The JV enables Olin to participate in the growing hydrogen economy while leveraging its industrial gas expertise.

Scale indicators20 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Hexion: Hexion is a global epoxy resins and adhesives producer that directly competes with Olin Epoxy in coatings, composites, and construction applications.
• Huntsman Corporation: Huntsman is a global specialty chemicals producer competing directly with Olin in epoxy systems and is Olin's announced merger-of-equals partner (OlinHuntsman Corporation), making it the most directly comparable peer.
• The Kinetic Group (Vista Outdoor): The Kinetic Group, formerly Vista Outdoor's ammunition segment, is the most direct competitor to Winchester in sporting, military, and law enforcement small caliber ammunition.
• Formosa Plastics Corporation USA: Formosa Plastics operates large chlor-alkali and PVC complexes in the U.S. Gulf Coast and is a direct competitor to Olin in chlor-alkali and vinyls with similar end-market exposure.
• Westlake Corporation: Westlake is a vertically integrated chlor-alkali, vinyls, and epoxy producer with overlapping North American manufacturing footprint and customer base. It is the closest direct competitor to Olin's Chlor Alkali Products & Vinyls and Epoxy segments.

Regional players

• Orbia Advance Corporation: Orbia (formerly Mexichem) is a Latin America-based chlor-alkali, vinyls, and fluorinated specialties producer with overlapping products to Olin but primarily serves Mexican and Latin American markets.

Broad incumbents

• Eastman Chemical Company: Eastman is a global specialty chemicals producer with overlapping exposure to coatings, adhesives, and advanced materials end markets that Olin Epoxy serves, providing a useful comparator for specialty chemical margin profiles.
• LyondellBasell Industries: LyondellBasell is a global polyolefins and chemicals producer with overlapping exposure to chlor-alkali derivatives, vinyls, and epoxy raw materials, and competes for similar industrial customers across multiple geographies.
• Occidental Petroleum (OxyChem): OxyChem is one of the largest U.S. chlor-alkali and PVC producers and a direct competitor to Olin's chlor-alkali franchise, though it operates as a segment within a broader oil & gas parent rather than a pure-play chemicals company.
• Dow Inc. Dow is one of the largest diversified chemical majors and sold its North American Chlor Alkali & Vinyl, Chlorinated Organics, and Global Epoxy businesses to Olin in 2015. It is comparable as a broader incumbent whose former businesses now sit inside Olin.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/olin-corporation
• Instagraminstagram.com/winchester
• Xx.com/olincareers

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries11 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Olin Corporation