Anupam Rasayan completes acquisition of 100% equity stake in Jayhawk Fine Chemicals Corporation

Anupam Rasayan India Ltd. (NSE: ANURAS, BSE: 543275), a leading provider of custom synthesis and specialty chemicals, today announced the consummation of its recently announced acquisition of 100% equity stake in Jayhawk Fine Chemicals Corporation ("Jayhawk") (part of the CABB group), a U.S.-based specialty chemical company, for a purchase consideration of ~US$150 million through its wholly owned subsidiary, Doriath S.à r.l. The total purchase consideration has been financed through:

- US$109 million via issuance of Class B non-voting shares issued by Doriath S.à r.l.
- US$41 million via debt

The acquisition is financed through the following sources:

- US$129 million funded by Altis XII Pte. Ltd. (Affiliate of funds managed by Oaktree Capital Management, L.P ("Oaktree"), a leader among global investment managers specializing in alternative investments with US$223bn under management as of December 31, 2025)

- US$21 million from Axis Bank

Jayhawk would be fully consolidated with Anupam and the acquisition shall be EPS accretive.

Founded in 1941 and headquartered in Galena, Kansas, USA, Jayhawk is part of the CABB Group and is engaged in custom manufacturing of advanced intermediates, active ingredients, and highperformance materials. The company operates a manufacturing site equipped with state-of-the-art multipurpose plants, pilot facilities, and modern analytical R&D labs capable of executing complex chemistries including halogenation, oxidation, nitration, and phosphorus chemistry. With a legacy spanning over eight decades, Jayhawk has built deep customer relationships and a reputation for high-quality, reliable, and technically sophisticated manufacturing. The company generates ~65% of its revenue from performance materials, serving leading global companies in electronics, energy & infrastructure, aerospace, and polymers, with a majority of revenue coming from US markets.

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.

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. We believe 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."

Shares of Anupam Rasayan India Limited was last trading in BSE at Rs. 1237.80 as compared to the previous close of Rs. 1253.30. The total number of shares traded during the day was 6750 in over 471 trades.

The stock hit an intraday high of Rs. 1253.00 and intraday low of 1235.00. The net turnover during the day was Rs. 8385491.00.

Source : Equity Bulls

Keywords

AnupamRasayanIndia INE930P01018 SpecialtyChemicals Acquisition JayhawkFineChemicalsCorporation