Diploma to acquire Peerless Aerospace for £236m.

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.