Applied Industrial Technologies Commemorates 100-Year Anniversary
January 11 2023 - 8:47AM
Business Wire
Applied Industrial Technologies (NYSE: AIT) today announced the
celebration of its 100-year anniversary. On this day in 1923,
Joseph M. Bruening founded the business that is now one of the
largest value-added distributors and solution providers of
industrial motion, power, control, and automation technologies in
the world.
“Taking Care of the Customer has remained the guiding principle
at Applied® throughout our 100-year history,” said Neil A.
Schrimsher, President & Chief Executive Officer. “As a critical
business partner across virtually all industrial markets, we have
played a significant role in maximizing our customers’ productivity
and returns across their core operational assets. We have much to
be proud of as we reflect on our success and evolution, including
meaningful growth and operational enhancements in recent years. Our
Applied associates and their commitment to our Core Values
represent the foundation of this progress. Looking ahead, we are
excited to build on this history through our multi-faceted strategy
of enhancing and leveraging our core Service Center operations,
while expanding across higher-engineered solutions tied to advanced
automation, industrial power, and process technologies,” added
Schrimsher.
Applied has experienced consistent growth for ten decades to
become a Fortune 1000 company with record sales of $3.8 billion in
fiscal year 2022. Since its founding, the Company has been a
recipient of numerous awards and recognition from customers,
suppliers and organizations, including being named to the Forbes
list of World’s Best Employers as well as NorthCoast 99’s Best
Workplaces for Top Talent for 21 years.
The Company originated in Cleveland, Ohio as a bearings
distributor and has grown to include power transmission, fluid
power, process flow control, advanced automation, and more in its
comprehensive product and solution portfolio. Applied remains
headquartered in Cleveland and operates through 560+ locations and
more than 6,000 employee associates across North America,
Australia, New Zealand and Singapore. The downtown Cleveland
landmark Terminal Tower will be illuminated in Applied’s purple and
teal corporate colors in recognition of the Company’s
anniversary.
As part of its centennial celebration, Applied’s many U.S.
locations will focus on giving back in the communities where
employee associates live and work. “Building on our legacy also
means being a responsible corporate citizen by implementing greener
practices in our operations, promoting diversity, fostering
continuous learning across our organization, and supporting our
communities. Applied’s associates truly make a difference in so
many ways, every day,” noted Schrimsher.
About Applied® Applied Industrial Technologies is a
leading value-added distributor and technical solutions provider of
industrial motion, fluid power, flow control, automation
technologies, and related maintenance supplies. Our leading brands,
specialized services, and comprehensive knowledge serve MRO and OEM
end users in virtually all industrial markets through our
multi-channel capabilities that provide choice, convenience, and
expertise. For more information, visit www.applied.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230111005125/en/
Julie Kho Manager – Corporate Communications & Public
Relations 216-426-4483 / jkho@applied.com
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