Applied Industrial Technologies Ltd., the Canadian subsidiary of Applied Industrial Technologies, Inc. (NYSE: AIT), No. 8 on MDM's list of the top 40 industrial distributors, has acquired the business of SCS Supply Group Inc., formerly known as Toronto Bearing & Belting and CBS Equipment.
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The acquired business operates eight locations with 61 employees throughout southern Ontario and services industrial customers with bearings, power transmission, electrical, fluid power and industrial supplies.
"We're very pleased to establish our presence in the Province of Ontario with such a reputable business partner," said Todd A. Barlett, Vice President – Acquisitions and Global Business Development for Applied. "This acquisition further expands Applied's geographic footprint and creates opportunities to access a major economic sector of Eastern Canada."
For its fiscal year ended June 30, 2009, Applied posted sales of $1.9 billion.
