Olin Corporation (NYSE:OLN) was founded in 1892 and is headquartered in Clayton, Missouri, with 3,900 full-time employees. It is a manufacturer of chemicals and ammunition.
Olin Corporation (OLN):
Olin Company is mainly divided into 3 departments to operate:
- Chemical products department: Chlorine (alkali) products, sodium hydroxide, sodium hyposulfite, high-strength bleaching products, chemistry (swimming pool chemicals, biological fungicides, hydrazine, polyols, propylene glycol, surfactants), microelectronic materials;
- Metal sector: copper alloy plates, small metal bars;
- Ammunition department: connecting rods, wires, loading components, small-caliber military ammunition, industrial explosives.
History of Olin Corporation (OLN):
- The predecessor of Olin Corporation can be traced back to two companies founded in 1892-Equitable Powder Company founded by Franklin W. Olin and another company-Mathieson Alkali Works (the predecessor of Mathieson Chemical Company);
- In 1893, Mathieson Alkali Works acquired Holston Salt and Plaster Corp.;
- Later, Franklin Olin and his two sons, John and Spencer, established the Western Cartridge Company to compete with Remington and Winchester;
- In 1931, Western Cartridge acquired Winchester Company;
- In 1935, Olin merged the two to form Winchester-Western;
- In 1944, Olin’s companies were reorganized under the structure of the new parent company-Olin Industries, Inc.;
- In 1952, Mathieson Chemical Company acquired the pharmaceutical company ER Squibb & Sons (spun off in 1968 and is now part of Bristol-Myers Squibb (NYSE:BMY));
- In 1954, Olin Industries and Mathieson Chemical merged to form Olin Mathieson Chemical Corporation;
- In 1969, the company changed its name to Olin Corporation and began to sell assets and businesses on a large scale to reverse diversification;
- On December 12, 1980, Olin sold its American firearms business unit Winchester to US Repeating Arms Company, and sold its European Winchester ammunition business to French GIAT Industries (now Nexter Systems), but both retained the Winchester brand and only authorized the two Companies use
- On February 8, 1999, Olin Corporation divested its specialty chemicals business and established an independent Arch Chemicals, Inc. to focus on ammunition, brass, and chlor-alkali businesses. It is currently the third largest chlor-alkali producer in the United States;
- In October 2007, Olin sold its brass division (Olin Brass) to Global Brass;
- March 27, 2015, Dow Chemical (Dow Chemical Company) announced plans to divest the chlor-alkali business merged with Olin Corporation, the transaction will allow the company to obtain a controlling stake in Dow Chemical Olin Corporation.