Applied Industrial completes SKF distribution acquisition
Expands industrial supply network to Australia, New Zealand.
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.