Applied Industrial Technologies announced it has acquired HUB Industrial Supply, a distributor of consumable industrial products. Terms of the sale were not disclosed.
“HUB Industrial Supply is an excellent strategic fit that further strengthens and diversifies our Applied Maintenance Supplies & Solutions business,” said Neil A. Schrimsher, president and chief executive officer for Applied. “HUB is highly effective in utilizing e-commerce, target marketing and service to penetrate vertical markets. Overall, our collective customer focus and growth initiatives are well aligned.”
via Applied Industrial acquires HUB Industrial Supply – Industrial Supply Magazine.