Applied Industrial Technologies Acquires Seals Unlimited of Burlington, Ontario
June 15 2016 - 6:30AM
Applied Industrial Technologies (NYSE:AIT) today announced it has
acquired Seals Unlimited (“Seals”), a distributor of sealing,
fastener and hose products, located in Burlington, Ontario. Terms
of the sale were not disclosed.
“Seals Unlimited is an excellent addition to Applied®, enhancing
our bearings and power transmission platform in Eastern Canada,”
said Neil A. Schrimsher, President & Chief Executive Officer
for Applied. “Their extensive expertise in sealing products and
market applications, along with more than 40 years of experience,
aligns well with our focus on delivering value-added solutions and
service.”
Founded in 1971, Seals and its team of 15 associates operate
from a single location in Burlington. The company’s product
portfolio includes seals, o-rings, gaskets, lubricants, adhesives
and sealing products. In addition, the company provides engineering
support and consulting services in a variety of industries,
including power generation, water filtration, steel, aerospace and
plastics. The company will operate as a subsidiary of Applied
Canada under its existing name.
Todd A. Barlett, Applied’s Vice President – Acquisitions and
Global Business Development, added, “We are very pleased to welcome
Seals Unlimited into our company, contributing their highly
regarded reputation, strong supplier partners and exceptional
product knowledge for continued growth.”
About Applied Founded in 1923, Applied
Industrial Technologies is a leading industrial distributor that
offers more than five million parts to serve the needs of MRO and
OEM customers in virtually every industry. In addition, Applied
provides engineering, design and systems integration for industrial
and fluid power applications, as well as customized mechanical,
fabricated rubber and fluid power shop services. Applied also
offers maintenance training and inventory management solutions that
provide added value to its customers. For more information, visit
www.applied.com.
For more information, contact Julie Kho, Applied
Industrial Technologies, 1 Applied Plaza,Cleveland, OH 44115-5020,
ph. 216-426-4483, e-mail jkho@applied.com.
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