Applied Industrial Technologies Acquires Bearing Distributors And Cangro Industries
09/05/23, 12:01 PM
Location
london
Industry
human resources
Applied Industrial Technologies (NYSE: AIT) today announced the acquisition of both Bearing Distributors, Inc. (Bearing Distributors) and Cangro Industries, Inc. (Cangro), providers of 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. Terms of the transactions were not disclosed.