Applied Industrial Technologies Acquires Bearing Distributors And Cangro Industries
Acquiring Company
Applied
Acquired Company
Bearing Distributors
LondonHuman ResourcesDescription
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.
Quick answer
Applied is acquiring Bearing Distributors and Cangro Industries, announced September 5, 2023. Applied is based in London, England, United Kingdom.
- How much did Applied pay for Bearing Distributors?
- The deal value was not disclosed.
- What does Applied do?
- Applied is purpose-built to make hiring more empirical and ethical.
- Where are Applied and Bearing Distributors based?
- Applied is based in London, England, United Kingdom.
- Who are the decision-makers at Applied?
- Fundz holds 1 contact at Applied. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Applied, and when
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Frequently asked
Who acquired Bearing Distributors?
Bearing Distributors was acquired by Applied, based in London. The deal was reported on September 5, 2023. Applied is purpose-built to make hiring more empirical and ethical. Applied is privately held and operates in Human Resources.
When did Applied acquire Bearing Distributors?
Applied's acquisition of Bearing Distributors was reported on September 5, 2023. Applied Industrial Technologies (NYSE: AIT) today announced the acquisition of both Bearing Distributors, Inc. (Bearing Distributors) and Cangro Industries, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Bearing Distributors do?
Bearing Distributors for bearings, power transmission equipment, motors and controls, material handling equipment, sealing elements, industrial supplies, industrial fans and heaters, industrial tools & more. It is privately held.
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