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Applied Industrial completes SKF distribution acquisition

Expands industrial supply network to Australia, New Zealand.


August 1, 2012
by PLANT STAFF

CLEVELAND: Applied Industrial Technologies has expanded its global reach to with the acquisition of Sweden-based SKF Group’s company-owned distribution business in Australia and New Zealand.

The acquisition adds 29 service centres in Australia and eight in New Zealand, supported by a central warehouse in each country and a headquarters in Melbourne.

No financial information was released.

The businesses employ more than 200 people and have an annual sales run rate of approximately US$83 million.

Applied Industrial is a Cleveland-based distributor of industrial parts and components for MRO and OEMs with 500 facilities and 4,900 employees.