Applied Industrial Technologies, Cleveland, OH, has acquired Rodamientos y Bandas de la Laguna, S.A. de C.V. (Rybalsa), Chihuahua, Mexico, from Sergio Nevarez, its principal owner.
The Rybalsa acquisition encompasses five facilities in Chihuahua, Ciudad Juarez, Hermosillo, Cananea and Nacozari that are projected to generate annual sales of approximately US $8.0 million. The facilities will transition to the Applied Mexico name.
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