Schrader Duncan to acquire Schrader Brazil

Mumbai: Tyre tube valves maker Schrader Duncan is acquiring the entire business of Schrader Brazil, a wholly owned subsidiary of Tomkins Plc of the UK.

The board of directors of the company at its meeting have granted in principle approval for the purpose, the company said in a filing with the Bombay Stock Exchange (BSE).

The terms and conditions of the transaction are being negotiation and would be notified in due course, it said.