Olin Corp OLN

A manufacturer of chemical products and ammunition, Olin Corporation was founded in 1892 in East Alton, Illinois, as a small blasting powder producer. Following a series of acquisitions that expanded its product portfolio, Olin merged with the Mathieson Chemical Corporation in 1954. The company has evolved over time to encompass various related business areas, including Olin Chlor Alkali Products & Vinyls and Olin Epoxy. The company is headquartered in Clayton, Missouri, and operates globally.

Olin employs 8,000 people in more than 20 countries and serves consumers in almost 100 countries. As well as producing and distributing chemical goods worldwide, it is also a leading munitions maker in the United States. It produces chlorine and caustic soda, in addition to vinyls, epoxies, chlorinated organics, bleach, and hydrochloric acid. The firm sells its goods via its sales team and directly to a variety of industrial clients, mass merchants, retailers, wholesalers, and other distributors, as well as to the United States government and its prime contractors.

Olin trades under the ticker OLN and has been a member of the NYSE for over 100 years. On 1 November 2021, its board of directors authorised a $1bn share buyback programme. Under the terms of this program, the company may repurchase shares of common stock on a periodic basis, including via open market or privately negotiated transactions.

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