Anupam Rasayan India Ltd, a leading speciality chemicals manufacturer, today announced the successful completion of its acquisition of US-based Jayhawk Fine Chemicals Corporation for approximately USD 150 million. The transaction marks a key step in the company’s strategy to strengthen its global presence and expand into high-value end-use markets.
Jayhawk Fine Chemicals, founded in 1941 and headquartered in Galena, Kansas, was previously part of the Switzerland-based CABB Group. The acquisition was carried out through Doriath SARL, Anupam Rasayan’s wholly owned subsidiary.
The deal was financed through a combination of USD 109 million in Class B non-voting shares issued by Doriath and USD 41 million in debt. Altis XII Pte. Ltd., an affiliate of funds managed by Oaktree Capital Management, contributed USD 129 million towards the transaction, while Axis Bank provided the remaining USD 21 million.
Jayhawk generates nearly 65 per cent of its revenue from performance materials and serves customers across electronics, aerospace, energy and polymer industries, with a majority of its sales coming from the United States. The company’s advanced capabilities and strong customer relationships are expected to complement Anupam Rasayan’s existing product portfolio and technology base.
Jayhawk will be fully consolidated into Anupam Rasayan’s financial statements, and the acquisition is expected to enhance earnings per share. The integration is also set to create opportunities for cross-selling, technology sharing and access to new markets.
“This transaction marks an important step in our long-term plan to build a differentiated, innovation-driven global speciality chemicals platform,” said Anand Desai, Managing Director, Anupam Rasayan India Ltd. “Jayhawk’s strong presence in performance materials and deep customer engagement in key sectors will strengthen our capabilities and help us move closer to end-use applications.”
Anupam Rasayan stated that the acquisition will support the creation of an integrated speciality chemicals platform alongside its existing businesses, including Tanfac Industries, bringing together complementary chemistries across geographies. With this milestone, Anupam Rasayan continues to advance its global growth strategy while reinforcing its commitment to innovation, customer partnerships and long-term value creation.
Anupam Rasayan India Limited is a prominent player in the Indian specialty chemicals sector, primarily focused on the production of custom synthesis and advanced intermediate chemicals for global pharmaceutical, agrochemical, and personal care industries. Established in 1984, the company has earned a reputation for its high-quality products and extensive expertise in contract manufacturing.
With a strong emphasis on research and development, Anupam Rasayan specializes in the production of a wide range of chemical compounds, including active ingredients, intermediates, and agrochemical formulations. The company’s robust manufacturing facilities and technological capabilities have enabled it to cater to leading multinational companies, thereby securing a strong position in both domestic and international markets.
Anupam Rasayan’s commitment to sustainability, safety, and innovation is evident in its strategic focus on environmentally friendly production practices and continuous improvement of manufacturing processes. The company operates several state-of-the-art production plants across India, ensuring efficient and scalable operations.
With a strong customer base in more than 25 countries, Anupam Rasayan continues to expand its reach, leveraging its advanced technical know-how and global partnerships. The company’s ongoing efforts to enhance its product portfolio and deliver value-driven solutions underscore its dedication to growth and long-term success in the specialty chemicals industry.
