Diploma, an international value-add distribution group, completed the acquisition of PAR Group, a supplier of specialist seals and gaskets into a broad range of end markets, for £38m ($47m). "I'm delighted to welcome our new PAR colleagues to Diploma, bringing another highly complementary, quality business into the Group. PAR has an excellent customer-proposition with clear value-add. It's a fantastic addition to R&G: building capability; further diversifying the customer base; and expanding end markets," Johnny Thomson, Diploma Chief Executive.