What is the brand Olin? Essentially, it’s an American manufacturer of chlorine, sodium hydroxide, and ammunition. The company’s roots are in two companies founded by Franklin W. Olin in 1892, the Equitable Powder Company and the Mathieson Alkali Works. Today, they manufacture everything from bullets to sodium hydroxide and ammo. If you have ever wondered what’s in an Olin bullet, you’re not alone.
In 1958, the company was still having problems and Grand ordered the divisions to increase profits by eight percent. The company’s largest division, Squibb, made up almost one-fourth of the company’s total sales but only produced a low five percent return on assets. Grand’s next plan was to expand into housing, recreation, and lumber, as well as chemical products. To deal with these problems, Olin changed its name to Olin Corporation.
Olin’s history and growth have been turbulent, but the company has made a successful transition from struggling to becoming a public company. Listed on the New York Stock Exchange, the company is an American corporation that has been a leader in the industry for more than 50 years. Today, Olin’s product lines are sold worldwide, and its revenue is growing at a steady rate. A recent report showed that Olin had a backlog of $2.2 billion by 2021.
Since its founding, Olin has grown to become one of the biggest chemical companies in the world. In fact, the company has grown to become the world’s largest producer of chlorofluorocarbons, which were first introduced in 1892. During the merger, Dow sold off its epoxy and chlor alkali businesses for five billion dollars. After that, Dow shareholders ended up owning 50.5% of Olin’s stock, though Dow didn’t own any part in Olin.