Applied Industrial acquires Atlantic Fasteners
Applied Industrial Technologies has acquired Atlantic Fasteners, a distributor of C-Class consumables located in Agawam, Mass.
Terms of the sale were not disclosed.
"Atlantic Fasteners provides the market presence, products and capabilities to further enhance our Applied Maintenance Supplies & Solutions offering to a broad array of industrial customers," said Neil A. Schrimsher, president and chief executive officer for Applied. "They are an ideal fit with our business strategy and growth plans."
Founded in 1981, Atlantic Fasteners and its 48 associates serve the New England region with industrial fasteners and related industrial supplies. The company also specializes in vendor managed inventory systems.
Todd A. Barlett, Applied's vice president - acquisitions and global business development, added, "We are pleased to welcome Atlantic Fasteners to Applied and are excited about the opportunities and success we can realize together."
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.
