Anupam Rasayan India Ltd. Completes $150 Million Acquisition of Jayhawk Fine Chemicals to Strengthen Global Specialty Chemicals Platform
Surat, Feb 27: Anupam Rasayan India Ltd. has successfully completed the acquisition of 100% equity stake in Jayhawk Fine Chemicals Corporation, a U.S.-based specialty chemical company and part of the CABB Group, for approximately USD 150 million through its wholly-owned subsidiary, Doriath S.à r.l.
The acquisition was financed through a combination of USD 109 million via issuance of Class B non-voting shares by Doriath S.à r.l. and USD 41 million via debt. The debt portion included USD 129 million funded by Altis XII Pte. Ltd. (an affiliate of Oaktree Capital Management, L.P.) and USD 21 million from Axis Bank. Jayhawk will be fully consolidated with Anupam and is expected to be EPS accretive.
Founded in 1941 and headquartered in Galena, Kansas, Jayhawk specializes in custom manufacturing of advanced intermediates, active ingredients, and high-performance materials. Its state-of-the-art facility features multipurpose plants, pilot facilities, and analytical R&D labs capable of executing complex chemistries including halogenation, oxidation, nitration, and phosphorus chemistry. Jayhawk generates approximately 65% of its revenue from performance materials, serving leading global companies in electronics, energy & infrastructure, aerospace, and polymers, primarily in the U.S. market.
Commenting on the acquisition, Anand Desai, Managing Director, Anupam Rasayan India Ltd., said:
“We are pleased to announce the successful closing of the acquisition of Jayhawk. This transaction marks a significant milestone in our long-term strategy of building a differentiated, innovation-led global specialty chemicals platform. With Jayhawk, we move further forward in the value chain, closer to end applications, by manufacturing key N-1 molecules for critical sectors such as electronics, semiconductors, aviation, and performance materials. The addition of Jayhawk’s U.S. operations significantly strengthens our global footprint and positions us closer to strategic customers in developed markets.”
He added,
“Importantly, this acquisition enables us to create a strong integrated platform combining Tanfac Industries, Anupam Rasayan, and Jayhawk. Together, we are building a globally diversified specialty chemicals platform with complementary chemistries, expanded geographic reach, and deeper customer engagement. This platform approach will unlock cross-selling opportunities, enhance technological capabilities, improve operational synergies, and drive sustainable long-term value creation for all our stakeholders.”