Diploma plc (GB:DPLM) has released an update.
Diploma PLC, a notable value-add distribution group, has strengthened its UK Aftermarket business in the Seals Sector with the strategic acquisition of PAR Group, a family-owned supplier of specialist seals and gaskets, for approximately £38 million. The acquisition is set to enhance Diploma’s margins and earnings per share (EPS), with PAR already showing robust growth and an impressive annual revenue of about £13 million. This move is part of Diploma’s continuous expansion, highlighted by the recent addition of eight complementary businesses and the completion of the Peerless Aerospace LLC transaction.
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