Anupam Rasayan Share Price Surges Over 2%; To Acquire US-Based Jayhawk Fine Chemicals for $150 Million

Anupam Rasayan India Ltd has announced the acquisition of Jayhawk Fine Chemicals Corporation, a US-based specialty chemical company, for $150 million. This strategic move is set to strengthen Anupam's position in the global specialty chemicals market. 

Details of the Acquisition 

The acquisition involves a 100% equity stake in Jayhawk Fine Chemicals, part of the CABB Group. The purchase consideration of $150 million includes payment for the equity value of Jayhawk and existing loans payable to the exiting shareholders.  

With $16 million in cash and cash-like items for Jayhawk as of June 25, the enterprise value translates to $134 million. 

Jayhawk reported revenues and adjusted EBITDA of $78 million and $15 million respectively in CY24, resulting in an EV to EBITDA multiple of 9x.  

The acquisition will be financed through a mix of internal accruals, debt, and quasi-equity from a leading global investment management firm with an AUM exceeding $100 billion. 

Strategic Rationale and Synergies 

This acquisition represents a transformative step in Anupam Rasayan’s strategy to expand its global CDMO presence. It marks Anupam’s entry into onshore manufacturing in the US, providing immediate access to key end-markets and multinational customers.  

The transaction also significantly enhances Anupam’s polymer portfolio, adding high-value dianhydrides and polyimide intermediates. 

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Innovation and R&D Synergies 

Jayhawk’s state-of-the-art R&D and analytical facilities, combined with Anupam’s strong process chemistry and scale-up capabilities, will accelerate joint innovation and enhance value delivery for global customers.  

The synergy between Jayhawk’s technologically advanced operations and Anupam’s cost-efficient, backward-integrated manufacturing base in India creates a powerful dual-site model. 

Anupam Rasayan India Share Price Performance  

As of December 10, 2025, at 10:00 AM, Anupam Rasayan India share price on NSE was trading at ₹1,324.90 up by 2.34% from the previous closing price. 

Conclusion 

Anupam Rasayan’s acquisition of Jayhawk Fine Chemicals for $150 million marks a significant step in its global expansion strategy. This move strengthens Anupam’s presence in the US specialty chemicals market and enhances its polymer portfolio, positioning the company closer to strategic customers in developed markets. 

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