Diploma plc (GB:DPLM) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Diploma PLC, a notable value-add distribution group, has strengthened its UK Aftermarket business in the Seals Sector with the strategic acquisition of PAR Group, a family-owned supplier of specialist seals and gaskets, for approximately £38 million. The acquisition is set to enhance Diploma’s margins and earnings per share (EPS), with PAR already showing robust growth and an impressive annual revenue of about £13 million. This move is part of Diploma’s continuous expansion, highlighted by the recent addition of eight complementary businesses and the completion of the Peerless Aerospace LLC transaction.
For further insights into GB:DPLM stock, check out TipRanks’ Stock Analysis page.
