Anupam Rasayan Completes US$150 Million Acquisition of Jayhawk Fine Chemicals
Anupam Rasayan India Ltd. has finalized its acquisition of 100% equity in U.S.-based Jayhawk Fine Chemicals Corporation for approximately US$150 million. The deal, financed through a mix of shares and debt with contributions from Oaktree Capital Management and Axis Bank, strategically expands Anupam's global footprint and integrates Jayhawk's advanced manufacturing capabilities. This acquisition is designed to move Anupam closer to critical end-use applications, promise EPS accretion, and unlock significant synergistic opportunities within its specialty chemicals platform.
Anupam Rasayan India Ltd., a prominent provider of custom synthesis and specialty chemicals, announced the successful completion of its acquisition of 100% equity stake in Jayhawk Fine Chemicals Corporation. Jayhawk, a U.S.-based specialty chemical company and part of the CABB group, was acquired for approximately US$150 million through Anupam's wholly owned subsidiary, Doriath S.à r.l. The purchase consideration was financed through US$109 million via Class B non-voting shares issued by Doriath and US$41 million via debt, with major funding coming from Altis XII Pte. Ltd. (an Oaktree Capital Management affiliate) and Axis Bank.This acquisition is expected to be EPS accretive and will fully consolidate Jayhawk with Anupam Rasayan. Jayhawk, founded in 1941 and located in Galena, Kansas, specializes in the custom manufacturing of advanced intermediates, active ingredients, and high-performance materials. Notably, about 65% of its revenue is generated from performance materials, catering to leading global companies in critical sectors such as electronics, energy & infrastructure, aerospace, and polymers, primarily within the U.S. markets.Anand Desai, Managing Director of Anupam Rasayan, emphasized that this transaction marks a significant step in the company's long-term strategy to build a differentiated, innovation-led global specialty chemicals platform. He highlighted that Jayhawk's integration enables Anupam to move further up the value chain by manufacturing key N-1 molecules for essential sectors like semiconductors and aviation. The acquisition also significantly strengthens Anupam's global footprint, positioning it closer to strategic customers in developed markets. The combined platform, integrating Tanfac Industries, Anupam Rasayan, and Jayhawk, is anticipated to unlock cross-selling opportunities, enhance technological capabilities, improve operational synergies, and drive sustainable long-term value creation for all stakeholders.
