Anupam Rasayan India Ltd has announced a major overseas acquisition as its Board, in a meeting held on December 9, approved the purchase of Luxembourg-based Monitchem Kansas S.à r.l along with its U.S. subsidiaries — Kansas HoldCo Inc., Kansas HoldCo 1 Inc., and Jayhawk Fine Chemicals Corporation.
The company has executed a Sale and Purchase Agreement (SPA) with CABB Europe GmbH for acquiring 100% control of the entities, alongside purchasing a loan receivable from CABB GmbH. The total cash outlay for the transaction, including the loan purchase, is pegged at up to USD 155 million.
According to the filing, Jayhawk Fine Chemicals — founded in 1941 and operating from Galena, Kansas — is a specialty chemicals CDMO with strong capabilities in complex multi-step synthesis for agrochemical, specialty, and performance material sectors. The combined target group recorded a turnover of USD 78.3 million in FY24-25.
Strategic rationale
The acquisition strengthens Anupam Rasayan’s manufacturing footprint in the United States, adds niche and high-value chemical capabilities, and provides immediate access to a well-established U.S. customer base.
Shareholder approvals & timelines
The company will seek shareholder approval through a postal ballot beginning December 11, 2025, and ending January 9, 2026. The acquisition is expected to close between January–February 2026, subject to completion of conditions.
