The 2020 Mid-Year Economic Update_long

Applied Industrial Technologies Acquires Atlantic Fasteners

CEO: Acquisition 'enhances' Applied Maintenance Supplies & Solutions offerings.

Applied Industrial Technologies (NYSE: AIT), Cleveland, OH, has acquired Atlantic Fasteners, a distributor of C-Class consumables in Agawam, MA. Terms of the sale were not disclosed.

“Atlantic Fasteners provides the market presence, products and capabilities to further enhance our Applied Maintenance Supplies & Solutions offering to a broad array of industrial customers,” said Neil Schrimsher, president & CEO for Applied.

Atlantic Fasteners and its 48 associates serve the New England region with industrial fasteners and related industrial supplies. The company also specializes in vendor managed inventory systems.

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