Anupam Rasayan Acquires Jayhawk Fine Chemicals for US$150 Million, Expanding Global Footprint
Anupam Rasayan, via its subsidiary Doriath S.à r.l., has completed the US$150 million acquisition of U.S.-based Jayhawk Fine Chemicals Corporation. This strategic move, funded by Oaktree Capital Management and Axis Bank, significantly expands Anupam Rasayan's global specialty chemicals footprint and enhances its capabilities in high-purity manufacturing for critical sectors like electronics and semiconductors. The acquisition creates an integrated platform with Tanfac Industries, aiming for increased value chain presence, expanded geographic reach, and operational synergies, strengthening its position in developed markets.
Anupam Rasayan India Ltd., through its subsidiary Doriath S.à r.l., has successfully finalized the US$150 million acquisition of U.S.-based Jayhawk Fine Chemicals Corporation. This significant transaction marks a major step in expanding Anupam Rasayan's global footprint in specialty chemicals and bolstering its capabilities in high-purity, long-term contracted manufacturing. The acquisition was financed through a combination of US$109 million in equity, raised via Class B non-voting shares issued by Doriath S.à r.l., and US$41 million in external debt. Key funding contributors included Oaktree Capital Management, which provided US$129 million through its affiliate Altis XII Pte. Ltd., and Axis Bank, contributing US$21 million. Anand Desai, Managing Director of Anupam Rasayan India Ltd., emphasized that this acquisition aligns with their long-term strategy to build an innovation-led global specialty chemicals platform. Jayhawk's integration allows Anupam Rasayan to move further up the value chain, manufacturing crucial N-1 molecules for essential sectors such as electronics, semiconductors, aviation, and performance materials. This also strengthens their global presence, bringing them closer to strategic customers in developed markets. Jayhawk Fine Chemicals, founded in 1941 and located in Galena, Kansas, is known for custom manufacturing advanced intermediates and high-performance materials. The company boasts state-of-the-art facilities capable of complex chemistries and generates approximately 65% of its revenue from performance materials, primarily serving leading global companies in electronics, energy & infrastructure, aerospace, and polymers within the US market. The combined entity, integrating Tanfac Industries, Anupam Rasayan, and Jayhawk, is expected to create a globally diversified specialty chemicals platform, unlocking cross-selling opportunities, enhancing technological capabilities, improving operational synergies, and driving sustainable long-term value creation.
