AIT - Powering Up The US Service Center: Applied Industrial Acquires Bearing Distributors And Cangro Industries For Undisclosed Sum | Benzinga
Applied Industrial Technologies Inc (NYSE: AIT) has acquired Bearing Distributors, Inc. and Cangro Industries, Inc. for an undisclosed sum.
Both the firms provide bearings, power transmission, industrial motion, and related service and repair capabilities.
Bearing Distributors is based in Columbia, South Carolina, while Cangro is based in Long Island, New York.
Bearing Distributors operates with a team of more ...