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.