Applied Industrial Technologies Rings NYSE Closing Bell - Modern Distribution Management

Applied Industrial Technologies Rings NYSE Closing Bell

The ceremony was part of the company’s 100-year anniversary, which is being celebrated throughout 2023.

Representatives of Cleveland-based Applied Industrial Technologies rang The Closing Bell at the New York Stock Exchange on June 21, as part of the company’s 100-year anniversary, which is being celebrated throughout 2023.

President & CEO Neil Schrimsher was joined at the podium by members of the company’s senior leadership team and Board of Directors, Applied said in a news release.

“We are honored to recognize the longevity and success of Applied with the ceremonial ringing of The Closing Bell at the NYSE,” said Schrimsher. “This proud moment is dedicated to the more than 6,000 associates who represent the Company’s continued progress and value proposition, as well as the valued supplier and business partners who support us every day in serving customers and advancing our leading technical capabilities. Applied’s rich history and significant growth underscores our strong industry position and operational focus as a leading value-added distributor and technical solutions provider. We look forward to further building on this legacy and achieving our next milestones by capitalizing on our strategy and local capabilities, and expanding our portfolio of emerging technologies and specialized engineering solutions.”

Founded in 1923, Applied began as a bearings distributor and has grown to include power transmission, fluid power, process flow control, advanced automation and more. The company started trading on the NYSE in 1965.

View video of Applied reps ringing the bell here, or watch in the video player below.

On MDM’s 2023 Top Distributors Lists, Applied ranks No. 12 for industrial distributors, No. 1 for fluid power and No. 2 for power transmission/bearings.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.