Gujarat’s Rasayan India Ltd to Acquire US-Based Chemical Firm in $150 Million Deal.

Gujarat-based Anupam Rasayan India Ltd, a custom synthesis manufacturer of specialty chemicals recently announced that it has signed a definitive agreement to acquire 100 per cent equity in Jayhawk Fine Chemicals Corporation, a Kansas-headquartered specialty chemicals firm, for $150 million. The deal marks Anupam Rasayan’s entry into onshore manufacturing in the United States.

According to a regulatory filing, the purchase consideration covers both the equity value of Jayhawk and the settlement of existing loans payable to its current shareholders. The acquisition will be funded through a combination of internal accruals, debt, and quasi equity from a leading global investment management firm.

Calling the transaction a major milestone in the company’s global expansion strategy, Managing Director Anand Desai said the acquisition would bolster Anupam Rasayan’s CDMO capabilities and strengthen its position in the U.S. and global specialty chemicals markets. He added that Jayhawk’s technology platform, customer relationships and expertise in high-value chemistries would help the combined entity advance further up the value chain, particularly in sectors such as aviation, semiconductors and electronics.