Anupam Rasayan has finalized its acquisition of U.S.-based Jayhawk Fine Chemicals Corporation for approximately US$150  million, marking a major expansion of its global specialty chemicals footprint and enhancing capabilities in high-purity, long-term contracted manufacturing.

The US$150 million transaction was executed via Anupam's subsidiary, Doriath S.à r.l., using the following financing structure:

Capital Breakdown

Equity Component: US$109 million raised through Class B non-voting shares issued by Doriath S.à r.l..

Debt Component: US$41 million secured through external borrowing.

Funding Sources

Oaktree Capital Management: US$129 million provided by its affiliate, Altis XII Pte. Ltd.. Oaktree currently manages approximately US$223 billion in alternative investments.

Axis Bank: US$21 million in supporting finance.

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."

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.