JB Chem to Cease in Current Form After Merger with Torrent Pharma
Deal News | Jun 30, 2025 | EIN
The article discusses the imminent merger of JB Chemicals with Torrent Pharmaceuticals following the latter's acquisition of a controlling stake in JB Chemicals from KKR, a private equity firm. JB Chemicals, one of India's older pharmaceutical companies founded in 1976, has had significant historical importance with notable expansions such as the sale of its over-the-counter business in Russia to Johnson and Johnson in 2011. The acquisition deal values JB Chemicals at approximately 25,689 crores and marks KKR's exit from its majority position in the company, which it held for nearly five years. Analysts recall JB Chemicals for its strategic inroads into various markets and the now imminent transformation as it becomes part of Torrent Pharma, valued at 3,918 crore.
Sectors
- Pharmaceuticals
- Private Equity
Geography
- India – JB Chemicals and Torrent Pharmaceuticals are major players in the Indian pharmaceutical market, and the deal discusses significant financial activity within India.
Industry
- Pharmaceuticals – The article focuses on JB Chemicals and Torrent Pharmaceuticals, both key players in the pharmaceutical industry.
- Private Equity – KKR's role as a majority stakeholder and subsequent exit is central to the article, highlighting the involvement of private equity in the merger.
Financials
- 25,689 crores – Equity valuation of JB Chemicals for the acquisition by Torrent Pharmaceuticals.
- 3,918 crore – Current market value of JB Chemicals as it transitions in the merger.
- 1,000 crore – The sale price of JB Chemicals' over-the-counter business in Russia to Johnson and Johnson in 2011.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| JB Chemicals & Pharmaceuticals Laboratories | Target Company | Company | An Indian pharmaceutical company founded in 1976, recently acquired by Torrent Pharmaceuticals. |
| KKR & Co. | Selling Company | Private Equity Firm | A global private equity firm that previously held a majority stake in JB Chemicals before selling to Torrent Pharma. |
| Torrent Pharmaceuticals | Bidding Company/Buyer | Company | An Indian pharmaceutical company acquiring JB Chemicals and merging the two entities. |
| Johnson & Johnson | Other Company | Company | Previously acquired JB Chemicals' over-the-counter business in Russia in 2011. |