The 2020 Mid-Year Economic Update_long

Applied Industrial Technologies Acquires HUB Industrial Supply

Acquisition strengthens company's Applied Maintenance Supplies & Solutions business.

Applied Industrial Technologies (NYSE: AIT), Cleveland, OH, has acquired HUB Industrial Supply, a distributor of consumable industrial products. Terms were not disclosed.

“HUB Industrial Supply is an excellent strategic fit that further strengthens and diversifies our Applied Maintenance Supplies & Solutions business,” said Neil A. Schrimsher, president & CEO for Applied.

HUB, with 52 associates, operates from three locations – Lake City, FL, Indianapolis, IN, and Las Vegas, NV. The company will operate as a subsidiary of Applied MSS under the name HUB Industrial Supply LLC.

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