Deal-hungry Diploma buys TIE and raises £236 million for further takeovers
- Distributor acquires TIE from private equity- Raises £236 million for further acquisitions- Confident of another year of strong growthShares in specialist distributor Diploma (DPLM) rose 4% to £27.42 as investors got their first chance to react to news, announced after yesterday's market close, of the acquisition of Tennessee Industrial Electronics (TIE) from private equity as well as a positi