Applied Industrial acquires HUB Industrial Supply
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."
Founded in 1990, HUB and its team of 52 associates operate from three locations - Lake City, Fla.; Indianapolis; and Las Vegas. The company's extensive product portfolio includes saw blades and cutting tools, fasteners, abrasive products, safety supplies, paints and related general industrial items. The company will operate as a subsidiary of Applied MSS under the name HUB Industrial Supply LLC.
Todd A. Barlett, Applied's vice president - Acquisitions and Global Business Development, added, "We are happy to welcome the HUB team and look forward to working together for continued success with new and existing customers."
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
