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.