Anupam Rasayan to acquire US chemical firm for USD 155M
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Board approved acquiring 100% of Luxembourg-based Monitchem Kansas S.a.r.l and subsidiaries (including US-based Jayhawk Fine Chemicals) from CABB Europe GmbH. Deal size is up to USD 155 million in cash, including purchase of a loan receivable. Target turnover was USD 78.3 million in FY25, operates a CDMO in Kansas, USA. Expected to close by January-February 2026. Postal ballot sought to raise borrowing limits.
Expands US manufacturing footprint and adds niche CDMO capabilities. Shareholders to vote on higher borrowing limits via postal ballot.