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Applied Industrial Technologies acquires two Quebec distributors

PEM Staff
February 27, 2012
By PEM Staff
Applied Industrial Technologies announced it has acquired the businesses of Solutions Industrielles Chicoutimi and Specialites Industrielles Harvey. Solutions Industrielles Chicoutimi provides bearings, power transmission products and repair services through one location in Chicoutimi, Que. The company serves a broad base of customers, including saw mills, food, cement, agriculture, OEMs and machine shops. Specialites Industrielles Harvey distributes bearings and power transmission products, plus hydraulic, pneumatic and electrical components from two locations serving the Quebec City and Beauce markets. Customers include industrial, OEM, commercial, construction, food and government businesses. The current management team at both businesses will continue to serve with the Applied organization, reporting to Mike Allen, Vice President for the Eastern Canadian operations of Applied. Both businesses will continue to run under their current operating names. "We're very pleased to welcome both of these businesses to Applied and extend our reach into key industrial markets in Quebec," said Todd Barlett, Applied's vice-president of acquisitions and global business development. "Customers will benefit from increased depth of service and expanded product availability while continuing to work with familiar sales associates and a respected local management team." Neil Schrimsher, Applied's chief executive officer, said, "The addition of Solutions Industrielles Chicoutimi and Specialites Industrielles Harvey provide the right fit with our continuing strategy to expand in Eastern Canada. We are excited about the growth opportunities and success we can realize together."

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