Senior Management Changes
We are pleased to announce that from 1st September 2021, Techsil was acquired by Diploma PLC, an international FTSE 250 listed company, operating in the UK, North America, Europe and Australia, with a market capitalisation of ca. £3.6bn.
Diploma specialise in the technical distribution and supply of added value products and services to a wide range of end segments in their 3 sectors: Life Sciences, Seals and Controls. Techsil has joined their "Controls" sector and will establish a “Speciality Adhesives” division, to add to the existing divisions which distribute “Wires and Cables”, “Interconnect Products”, “Aerospace Fasteners”.
Diploma businesses are focussed on supplying essential products and services, whilst building long-term relationships with their customers and suppliers. Diploma will support Techsil to build growth and long-term success, providing the resources and support of a larger group whilst allowing managers to continue to run the business locally.
The only change at Techsil is that Paul Hughes, Chairman of Techsil for 16 years, stepped down and has left the company. Chris Dilley will continue in the position of Managing Director, with Mark Rice taking on the position of Finance and Operations Director.
“This is the beginning of an exciting chapter for Techsil as we leverage forward with existing customers and Diploma’s support to build a global business. The last few years have seen Techsil expand its reach and establish really firm foundations with large customers and on our e-commerce platforms. The staff have been really great over the years and their commitment to great service has been a boon to our customer base.” Chris Dilley, Managing Director
We will still trade as Techsil Limited and operate under our Techsil brand, from the same location and with the same unwavering commitment to our customers and colleagues. Techsil, with the added support of Diploma, will continue to offer expert advice, unrivalled service and high performance adhesives and sealing products to our valued customers.