Clearwater has advised Techsil Holdings (Techsil), a specialist value-added distributor of highly engineered silicones, adhesives, seals, tapes and o-rings on its sale to Diploma PLC (Diploma), a UK listed international group of businesses supplying specialised technical products and services.
For nearly 30 years, Techsil has been supplying a diverse range of end customers and segments with high-grade products from its facility in Bidford-on-Avon, Warwickshire. Techsil’s dedicated team of industry-experienced professionals work together with its customers and suppliers to provide a high-quality service and technical product solutions for specific customer applications.
Diploma is focused on three core sectors, life sciences, seals, and controls and has developed through a combination of organic and acquisitive growth.
Following the sale to Diploma, Techsil is well-positioned to maximise the benefits of working with an international company to increase its reach and product offering. Techsil’s senior management team, comprising of Chris Dilley and Mark Rice, will remain with the business in their current roles. Consistent with the Diploma decentralised management model, the business will retain its brand, heritage, and culture.
