Benchmark International Advises on Sale of Swan Seals Limited to Diploma PLC
Benchmark International is pleased to announce the sale of Swan Seals (Aberdeen) Limited (“Swan Seals”) to Diploma PLC. Established in 2003, Aberdeen-based Swan Seals manufactures and supplies seals and sealing products to a wide range of customers who service the North Sea Oil and Gas industry.
Diploma PLC is an international group of businesses supplying specialised technical products and services to the Life Sciences, Seals and Controls sectors.
The acquisition of Swan Seals fits well with Diploma PLC’s “Acquire, Build, Grow” strategy which is designed to deliver strong, double-digit growth by building larger, broader-based businesses in their three primary sectors. Swan Seals is complementary to FPE Seals, one of Diploma PLC’s existing UK based Seals business, and will form part of the FPE Seals group.
Peter Kelly, Director at Benchmark International, commented “There is a strong synergy between Swan Seals and FPE Seals and I am confident the merger will result in a successful future for all involved. Both parties are an ideal match and the Benchmark International team is delighted for both parties in this successful deal.”
Benchmark International is pleased to have advised the shareholders of the company on this successful transaction.