Key Highlights
- Acquisition valued up to USD 155 million including loan receivable.
- Company to gain 100 percent control of Monitchem Kansas group.
- Jayhawk Fine Chemicals, a key subsidiary of Monitchem Kansas, recorded USD 78.3 million turnover in FY24.
- Three-year revenue trend shows USD 75.8 million in FY22, USD 79.5 million in FY23, and USD 78.3 million in FY24.
- Move enhances US market access and high-value chemical capabilities.
- Postal ballot scheduled from Dec 11 2025 to Jan 09 2026.
Anupam Rasayan India Limited has approved the acquisition of Monitchem Kansas S.à r.l and its subsidiaries for a total value of up to USD 155 million. The acquisition also includes the purchase of a loan receivable linked to Kansas HoldCo 1 Inc. This decision was finalised during the Board meeting held on December 9, 2025.
The target group comprises Monitchem Kansas S.à r.l, Kansas HoldCo Inc., Kansas HoldCo 1 Inc., and Jayhawk Fine Chemicals Corporation. Jayhawk Fine Chemicals is a long-established specialty chemicals manufacturer based in Kansas, United States, with operational roots dating back to 1941.
Financially, Jayhawk Fine Chemicals has reported steady performance over recent years. The company recorded revenue of USD 75.8 million in FY22, USD 79.5 million in FY23, and USD 78.3 million in FY24. The consolidated turnover of the target group for FY24-25 stood at USD 78,306,786. These numbers reflect a stable operational base and consistent customer demand within the crop science, life sciences, and performance materials sectors.
This acquisition is positioned to significantly strengthen Anupam Rasayan’s strategic presence in the United States. It enables the company to add niche, high-value, multi-step chemical manufacturing capabilities to its portfolio. The deal also provides immediate access to an established American customer base, supporting the company’s global growth ambitions.
The transaction will be entirely executed through cash consideration, covering both the share purchase and the loan receivable. Once completed, Anupam Rasayan will hold 100 percent ownership of the Monitchem Kansas group. The acquisition does not involve any related-party transactions and carries no promoter-group interest. Completion of the deal is expected between January and February 2026.
To support the transaction and broader financial requirements, the Board has approved a postal ballot process. Shareholders will be asked to vote on proposals including increased borrowing limits, approval for disposal or leasing of substantial undertakings, and permissions to extend loans, investments, or guarantees beyond current thresholds. The remote e-voting period will be open from December 11, 2025, to January 9, 2026.