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Applied Industrial Expands Network in Mexico

Applied Industrial Technologies, Cleveland, OH, has acquired VYCMEX S.A. de C.V., headquartered in Monterrey, Mexico. It is a fluid power distributor with more than 70 employees.
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VYCMEX operates five service centers in Monterrey, Mexico City, Veracruz and San Luis Potosi. It will operate as a wholly-owned subsidiary of Applied Mexico Holdings S.A. de C.V.
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The acquisition of VYCMEX gives Applied substantial expertise and capabilities in fluid power products and systems in Mexico," said Todd A. Barlett, Vice President -Acquisitions and Global Business Development for Applied.&nbsp ; "We can now provide a total product solution for Mexican industries that covers a broad range of hydraulics, pneumatics, bearings, power transmission and general industrial ...

Applied Industrial Technologies, Cleveland, OH, has acquired VYCMEX S.A. de C.V., headquartered in Monterrey, Mexico. It is a fluid power distributor with more than 70 employees.
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VYCMEX operates five service centers in Monterrey, Mexico City, Veracruz and San Luis Potosi. It will operate as a wholly-owned subsidiary of Applied Mexico Holdings S.A. de C.V.
&nbsp ;
The acquisition of VYCMEX gives Applied substantial expertise and capabilities in fluid power products and systems in Mexico,” said Todd A. Barlett, Vice President -Acquisitions and Global Business Development for Applied.&nbsp ; “We can now provide a total product solution for Mexican industries that covers a broad range of hydraulics, pneumatics, bearings, power transmission and general industrial supplies.&nbsp ; We feel this increases our value as a supplier and will help us expand our market share in Mexico.”
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The VYCMEX and Applied Mexico network includes nine service centers that support customers with bearing and power transmission products, and five service centers that provide fluid power products and services.
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Applied Industrial Technologies is an industrial distributor that offers more than 3 million parts. For its fiscal year ended June 30, 2007, Applied posted sales of $2 billion.

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