Applied Industrial Technologies (NYSE: AIT), Cleveland, OH, has acquired Parts Associates Inc., Cleveland, OH. Parts Associates is a distributor of maintenance supplies including fasteners, fluid flow, paints, chemicals, electrical, shop supplies and related assortments. Terms were not disclosed.
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The newly-acquired company serves a broad range of MRO customers including the fleet, rental, manufacturing, agriculture and food industries. The company operates from two locations – Cleveland and Atlanta – and has 200 field sales, operations and administrative associates.
Applied is No. 2 on MDM's list of top power transmission and bearings distributors.