The 2020 Mid-Year Economic Update_long

Applied Industrial Technologies Acquires Fluid Power Sales

The business will continue to operate under the Fluid Power Sales name.

Industrial distributor Applied Industrial Technologies (NYSE: AIT), Cleveland, OH, has acquired Fluid Power Sales, Baldwinsville, NY, a manufacturer and distributor of fluid power components, specializing in the engineering and fabrication of manifolds and power units. Terms of the purchase were not disclosed. 

“The addition of FPS provides a strong strategic fit that further enhances our Fluid Power market leadership,” said Neil A. Schrimsher, President and CEO for Applied. “Their innovative products, custom solutions and deep hydraulic knowledge strengthen our technical and differentiated product portfolio for continued growth.”

The business will continue to operate under the Fluid Power Sales name.

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