Surat — Specialty chemicals manufacturer Anupam Rasayan India Ltd. has signed a definitive agreement to acquire 100% equity in Jayhawk Fine Chemicals Corporation, a U.S.-based specialty chemicals producer owned by the CABB Group, for a consideration of about $150 million.
According to the company, the transaction value includes payments for Jayhawk’s equity as well as existing loans to outgoing shareholders. Adjusted for Jayhawk’s cash and cash equivalents of roughly $16 million as of J...Read More