Announced
Financials
Tags
aerospace
Pending
Aerospace
Private
United States
fasteners
Friendly
Single Bidder
Acquisition
Cross Border
Majority
Synopsis
Diploma, a business supplying specialised technical products and services, agreed to acquire Peerless Aerospace, a supplier of fasteners and related hardware to the aerospace industry, for £236m ($300m). "Peerless is an excellent acquisition for Diploma, aligned to our strategy of building high quality, scalable businesses for sustainable organic growth. Bill, Don and our new Peerless colleagues have created an exceptional value-add business with a very strong market reputation and I am delighted to welcome them to the Group. We know and like the aerospace fasteners market and Peerless significantly extends our US capabilities and adds scale in Europe," Johnny Thomson, Diploma Chief Executive.
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