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Applied Industrial Technologies (NYSE: AIT), Cleveland, OH, has acquired S. G. Morris Co., a distributor of fluid power components and provider of engineered fluid power systems. Terms were not disclosed.
“SGM represents a strong strategic fit and further enhances our fluid power market leadership,” said Neil A. Schrimsher, president & CEO of Applied.
SGM has 68 employees and three locations in Cleveland and Toledo, OH, and Pittsburgh, PA. The company will operate as a subsidiary of Applied under the name S. G. Morris Co. LLC.