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In The News:

Applied Industrial Acquires Companies in Mexico, Australia

Industrial distributor Applied Industrial Technologies (NYSE: AIT), Cleveland, OH, has acquired Rodamientos y Derivados del Norte S.A. de C.V. (RODENSA) of Monclova, Coahuila, Mexico, and Great Southern Bearings and Northam Bearings of Western Australia.

RODENSA distributes bearings, power transmission products and related parts and accessories to customers in the agriculture, industrial and automotive sectors. RODENSA employs 95 people and has 10 locations.

GSB/Northam provides bearing and power transmission products to agriculture and timber industry markets and general industrial customers through two locations, providing access to two new markets in Western Australia for Applied.

Combined, RODENSA and GSB/Northam have approximately $20 million in sales.

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