02. Applied Industrial Technologies - Top Power Transmission/Bearings Distributors
Headquarters: Cleveland, OH
2017 Revenue: $1,372,700,000
16:17 Change: -0.9%
2016 Revenue: $1,385,685,400
Key Executives: Neil A. Schrimsher, President & CEO; David Wells, VP - CFO & Treasurer
Applied Industrial Technologies had a slight uptick in revenue last year (3 percent) and two acquisitions—one early in 2017, the other early in 2018—figure to boost their overall power transmission and bearings business.
In March, Applied acquired Sentinel Fluid Controls, a distributor of hydraulic and lubrication components, systems and solutions. Sentinel has locations in Toledo, OH, New Berlin, WI and Valparaiso and Indianapolis, IN.
In January this year, Applied finalized its acquisition of fluid power distributor FCX Performance Inc. of Columbus, OH.
Free Download: 2018 Top Distributors List
This free PDF includes lists of top distribution companies across 14 sectors. You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.