In August 2007, Pioneer Companies, Inc., a leading producer of chlorine, caustic soda, bleach, hydrochloric acid and related products, merged into Olin, making Olin the third largest producer in the chlor alkali business and the leading producer of industrial bleach in North America. The combination of Olin's and Pioneer's businesses creates a Chlor Alkali producer with outstanding capabilities to serve the needs of customers across North America. Olin's ability to meaningfully add value through synergies and best practices will benefit our shareholders. The combined companies will have a more diversified geographic footprint, a complementary bleach and HCL product mix and a broader distribution network. The acquisition provides an improved platform from which to continue to grow our chemical business.
In October 2007, Olin Corporation announced that it signed a definitive agreement to sell its Metals business to a subsidiary of Global Brass and Copper Holdings, Inc., an affiliate of KPS Capital Partners, LP, for a purchase price of $400 million. The sale includes all of the company’s worldwide Metals operations, including its manufacturing facilities in East Alton, IL; Montpelier and Bryan, OH; Waterbury, CT and Cuba, MO, as well as its A.J. Oster metals service centers. The sale was completed on November 19, 2007.
Olin’s 2012 acquisition of K.A. Steel Chemicals, a leader in North American caustic soda distribution, more than doubled Olin’s caustic source points and extended our reach into new geographies and industry segments.The KA Steel infrastructure also provided Olin with an industry-leading private trucking fleet and vastly expanded caustic soda storage capacity to improve our system-wide efficiency, flexibility and reliability.
Acquisition of the Dow Chlorinated Products and Epoxy in 2015 has led to global growth for Olin on a scale that had not been experianced in the past.