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APPLIED INDUSTRIAL TECHNOLOGIES, INC. distributes industrial products, including bearings, power transmission components, hydraulic and pneumatic components, industrial rubber products, linear motion products, and general maintenance and specialty items manufactured by others. In addition, Applied provides mechanical, rubber, and fluid power shop services, including engineering design, and electrical, gearing, material handling, hose, and fluid power systems. Applied distributes its products to a wide variety of industrial customers primarily in the United States. Applied and its predecessor companies have been engaged in this business since 1923. The Company was incorporated in Delaware in 1928 and reincorporated in Ohio in 1988. Applied, formerly known as Bearings, Inc., adopted its current name as of January 1, 1997. Applied operates in the following marketing divisions related to specific product and service categories: Industrial Products Division. This division provides procurement and technical support for the service centers with respect to industrial products sold as components, including bearings, power transmission components, fluid power components, linear motion products, and general maintenance and specialty items. Engineered Systems Division. This division is responsible for Applied's power transmission and electrical systems business, including mechanical shop operations. The division provides the service centers with technical training, and design and fabrication support. The service centers represent the primary sales channel for this division. Fabricated Rubber Division. This division's primary operations are rubber shops, which fabricate heavy and lightweight conveyor belt, hydraulic hose, and industrial hose to meet customer requirements. In addition, the division has a field service group that performs belt installation and repair. Except for the field service group, the division sells its services primarily through the service centers. Fluid Power Division. This division includes Applied's specialized fluid power
businesses, which market their products and services directly to customers
rather than through the service centers. These businesses operate in various
geographic areas throughout the United States. In addition, the Fluid Power
Division operates several geographically dispersed fluid power shops in support
of the service centers. |
