Anupam Rasayan to Acquire U.S.-Based Jayhawk Fine Chemicals for $150 Million
Anupam Rasayan India Ltd. will acquire U.S.-based Jayhawk Fine Chemicals Corporation for approximately $150 million, with an enterprise value of ~$134 million. This strategic acquisition expands Anupam's global footprint into U.S. onshore manufacturing, enhancing its polymer portfolio with critical materials for semiconductors and high-performance sectors. The deal creates a unique dual-site production model, combining U.S. innovation with Indian cost-efficiency, aiming to boost supply chain reliability and accelerate growth in key end-user markets. It's expected to be EPS accretive, funded by various sources.
Anupam Rasayan India Ltd., a custom synthesis and specialty chemicals manufacturer, has announced a definitive agreement to acquire 100% equity in Jayhawk Fine Chemicals Corporation, a U.S.-based specialty chemicals company part of the CABB Group. The acquisition is valued at approximately $150 million, with an enterprise value of ~$134 million after cash adjustments. In CY24, Jayhawk reported ~$78 million in revenue and ~$15 million in adjusted EBITDA. The transaction, expected to be EPS accretive, will be financed through internal accruals, debt, and quasi-equity.This acquisition represents a significant global expansion for Anupam Rasayan, marking its entry into onshore manufacturing in the U.S. This strategic move provides immediate access to established operations, a robust customer base, and crucial end-user markets, enhancing Anupam's visibility among leading multinational clients. Jayhawk brings a strong portfolio of high-value dianhydrides and polyimide intermediates essential for semiconductors and high-performance materials, significantly strengthening Anupam’s polymer offerings and positioning it as an integrated player in rapidly growing segments.The integration will create a powerful dual-site offering, combining Jayhawk’s advanced U.S. operations with Anupam’s cost-efficient facilities in India, providing global customers with flexible production options and improved supply chain reliability. This collaboration is also expected to accelerate innovation by combining Jayhawk's R&D capabilities with Anupam's process chemistry expertise. Anand Desai, Anupam's Managing Director, emphasized the acquisition as a transformative step to accelerate growth in sectors like aviation, semiconductors, and electronics. Tobias Schalow, CEO of CABB Group, stated the divestiture aligns with CABB's strategy to focus on Pharma and Life Science specialties.
