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Diploma to Acquire Peerless Aerospace Fastener in US$300M Deal
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2024-05-14
Diploma PLC, a global distribution group, announced its proposed acquisition of Peerless Aerospace Fastener LLC, a market-leading distributor of specialty fasteners into the U.S. and European aerospace markets for an estimated £236 million (US$300 million). Peerless is one of the largest independent distributors of aerospace fasteners with a strong reputation for quality and breadth of product, speed to market, and value-add customer service.
The acquisition will add to Diploma's established position in aerospace fasteners, extending its capability from aircraft cabin to airframe, accelerating organic growth by significantly expanding its capability in the U.S. with an enhanced product offer, and further penetrating key strategic markets in Europe.
Diploma PLC
Peerless Aerospace Fastener
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