# Diploma PLC to acquire Peerless Aerospace Fastener for £236 million

Diploma PLC announced the proposed acquisition of Peerless Aerospace Fastener LLC, a distributor of specialty fasteners into US and European aerospace markets, for approximately £236 million ($300 million). The transaction is expected to complete in the next few weeks.

- Type: Acquisition
- Announced: 2024-03-27
- Where: Farmingdale, NY, United States
- Value: $300.0M (236.0M GBP)
- Status: announced
- Products: specialty fasteners, aerospace fasteners
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Diploma PLC](https://endata.com/companies/65401.md) (acquirer)
- [Peerless Aerospace Fastener LLC](https://endata.com/companies/76472.md) (target)

## Sources

- [investegate.co.uk](https://www.investegate.co.uk/announcement/rns/diploma--dplm/acquisition/8108565), 2024-03-27: "Peerless is one of the largest independent value-added distributors of aerospace fasteners with a strong reputation for quality and breadth of product, speed to market, and value-add customer service."
- [inddist.com](https://www.inddist.com/mergers-acquisitions/news/22891722/diploma-to-acquire-peerless-aerospace-fastener-in-300m-deal), 2024-03-29: "Diploma PLC, a global value-add distribution group, on Wednesday 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 ($300 million)."
- [torque-expo.com](https://www.torque-expo.com/article/acquisition-us-based-specialty-fasteners-business/), 2024-04-10: "Peerless is an excellent acquisition for Diploma, aligned to our strategy of building high quality, scalable businesses for sustainable organic growth."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.