Applied Industrial Technologies Acquires HUB Industrial Supply

Applied Industrial Technologies (NYSE: AIT) today announced it has acquired HUB Industrial Supply (“HUB”), a distributor of consumable industrial products. Terms of the sale were not disclosed.

“HUB Industrial Supply is an excellent strategic fit that further strengthens and diversifies our Applied Maintenance Supplies & Solutions (Applied MSS) business,” said Neil A. Schrimsher, President & Chief Executive Officer for Applied®. “HUB is highly effective in utilizing e-commerce, target marketing and service to penetrate vertical markets. Overall, our collective customer focus and growth initiatives are well aligned.”

Founded in 1990, HUB and its team of 52 associates operate from three locations – Lake City, FL; Indianapolis, IN; and Las Vegas, NV. The company’s extensive product portfolio includes saw blades and cutting tools, fasteners, abrasive products, safety supplies, paints and related general industrial items. The company will operate as a subsidiary of Applied MSS under the name HUB Industrial Supply, LLC.