New free app will offer the 2014/2015 product catalog.
Latest In Applied Industrial
Profit decreased 8 percent year-over-year.
Acquisitions expand Applieds reach with 12 new locations.
Acquisition bolsters Applied's oilfield supplies offerings.
Acquisition helps Applied expand oil and gas offerings.
Profit declined 4.2 percent in the quarter.
TOPS is a distributor of bearings, oil seals and power transmission products.
The renewed focus on vending is part of Applied's rebranded VMI program.
The full-line catalog caters to MRO customers.
CEO: Weak industrial demand continued during the quarter.
Fourth-quarter sales increased 3.3 percent year over year.
For the first nine months, sales increased 3.8 percent.
Profit increased 29 percent in the quarter.
The newly acquired company is a Cleveland-based MRO distributor.
Profit increased 11.8 percent to $29.5 million.
Firm claims Applied's seeking shareholder approval for compensation breaches fiduciary approval.
Sales were $605.5 million for the quarter.
The distributor has agreed to acquire SKF's distribution businesses down under.