Applied Industrial Technologies (AIT) Announces Acquisition of Solutions Industrielles Chicoutimi and Specialites Industrielles Harvey

Applied Industrial Technologies (NYSE: AIT) today announced it has acquired the businesses of Solutions Industrielles Chicoutimi and Specialites Industrielles Harvey. Terms of the sale were not disclosed.

Solutions Industrielles Chicoutimi provides bearings, power transmission products and repair services through one location in Chicoutimi, Quebec. 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.

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