Diploma PLC, an international value-add distribution group, has announced the acquisition of PAR Group for approximately £38m. PAR is a UK-based supplier of specialist seals and gaskets with a strong track record of growth and high margins. The acquisition is expected to immediately contribute to the Group's margin and EPS. This move is in line with Diploma's strategy of adding high-quality, complementary businesses to support organic growth and margin progress.

Since the acquisition of R&G in April 2022, Diploma has added eight high-quality, complementary businesses, contributing to strong organic growth of approximately 10% CAGR and supporting excellent margin progress. Additionally, the acquisition of Peerless Aerospace LLC was completed on 1 May 2024, further expanding the Group's operations.

Johnny Thomson, Diploma's Chief Executive, expressed his delight in welcoming PAR colleagues to the Group, emphasizing the excellent customer proposition and the significant addition to R&G. The acquisition is expected to build capability, diversify the customer base, and expand end markets.

Diploma PLC is a decentralised, value-add distribution Group with businesses that deliver practical and innovative solutions across key industries, including energy, infrastructure, and healthcare. The Group's decentralised model allows its specialist businesses to be agile and empowered to deliver tailored solutions for their customers. Diploma PLC has grown adjusted earnings per share (EPS) at an average of approximately 15% p.a. over the last fifteen years through a combination of organic growth and acquisitions. Diploma is a member of the FTSE 100.

For further information, please visit www.diplomaplc.com.