Germany's CABB sells Jayhawk to Anupam Rasayan for $150 mn

This divestment represents a key step in CABB’s strategy to shift from industrial applications, electronics and semiconductors and focus on further expanding its specialties portfolio in Pharma and Life Science with high growth and margin potential from its production sites in Switzerland, Germany and Finland. Since its initial acquisition in 2018, Jayhawk steadily increased revenues, and was a key contributor to the Group’s results. Anupam Rasayan plans to strengthen its US presence and expand its performance materials business, while ensuring a promising future for the Jayhawk team, and its long-term growth.

Tobias Schalow, CEO, CABB Group stated: “We are pleased to announce the definitive sale of Jayhawk to Anupam Rasayan. This step supports our strategic shift from industrial applications & electronics to specialty chemicals and higher-margin segments such as Life Science, and Pharma. We have full trust in Anupam to lead Jayhawk’s next chapter and thank the team for multiple years of truly great collaboration.”

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ALCHEMPro News Desk (JP)