Khaitan Kochhar and Crawford help Oriental Carbon and Chemicals buy 50 stake in Schrader Duncan JV

Oriental Carbon and Chemicals has acquired 50 per cent stake in JV company Schrader Duncan from JV partner Schrader Bridgeport International for Rs. 14.53 crore ($ 4.6 million)..Khaitan & Co advised Oriental Carbon with a team led by Partners Haigreve Khaitan, Arindam Ghosh and Aakash Choubey..Kochhar & Co advised Schrader Bridgeport with a team led by former Partner Rajarshi Chakrabarti along with Senior Associate Jyoti Maheshwari and Associate Anjali R. Menon..Crawford Bayley advised Schrader Duncan with a team led by Partners RA Shah and Sanjay Buch..According to Dealcurry, Schrader Duncan is a JV between Schrader Bridgeport (50%), Oriental Carbon (12.58%) and Cosmopolitan Investments Limited (11.91%)..Schrader Duncan is engaged in the business of manufacturing of pneumatic components and automotive products such as tyres tube valves, tyre care accessories, etc..Incorporated in 1978, Oriental Carbon and Chemicals is a part of the Duncan JP Goenka Group of companies. The Company is engaged in manufacturing and sale of insoluble sulphur, a vulcanizing agent used in the rubber industry..Schrader Bridgeport is one of the subsidiaries of Tomkins Limited based in the United States of America, which carries on the business of designing and manufacturing engineered solutions for industrial and automotive applications.