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Slide #4. Olin Corporation — K. A. Steel Chemicals Inc.
Olin Corporation (NYSE:OLN)
K. A. Steel Chemicals Inc.
Olin Corporation announced that it had completed the previously announced acquisition of privately held K. A. Steel Chemicals Inc. (KA Steel), on a cash free, debt free basis, for $328 million in cash, subject to certain post-closing adjustments. Olin will utilize the proceeds from the recently completed $200 million senior notes offering and cash on hand to finance the acquisition.
Olin is a manufacturer and distributor of chemical products and a manufacturer of ammunition. Co.'s segment include: Chlor Alkali Products and Vinyls, which manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, and perchloroethylene, among others; Epoxy, which produces and sells a range of epoxy materials, including allyl chloride, epichlorohydrin, liquid epoxy resins, solid epoxy resins and downstream products; and Winchester, which produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.
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Strong Buy (3.70 out of 4)