Anupam Rasayan acquires Jayhawk to expand US footprint and polymer portfolio

Anupam Rasayan India Ltd. is set to acquire 100% equity in US-based Jayhawk Fine Chemicals LLC for an enterprise value of ~$134m, with a total purchase consideration of ~$150m. This move aims to strengthen Anupam's strategic manufacturing footprint in the United States, gain access to high-value manufacturing capabilities, and tap into an established American customer base. The acquisition is expected to conclude between January and February 2026.

Jayhawk Fine Chemicals Corporation, founded in 1941, specializes in complex, multi-step chemical synthesis for agrochemical, specialty chemical, and performance material sectors. It generated a turnover of $78,306,786 in FY24-25. This acquisition will be EPS accretive for Anupam and is a significant step in expanding its polymer portfolio, adding dianhydrides and polyimide intermediates crucial for semiconductors and high-performance materials.

This transaction follows Anupam's prior acquisition of a ~26% stake in Tanfac for ₹1,530m in May 2022. Jayhawk’s acquisition further enables forward integration, allowing Anupam to produce key N-1 molecules closer to end applications and enhancing value delivery for global customers. The company intends to retain Jayhawk’s existing management and employees, leveraging their expertise and customer relationships.