Applied Industrial Technologies Acquires Atlantic Fasteners
Further strengthens Maintenance Supplies & Solutions℠ offering
Cleveland, OH (August 4, 2015) – Applied Industrial Technologies (NYSE: AIT) today announced it has acquired Atlantic Fasteners, a distributor of C-Class consumables located in Agawam, MA. Terms of the sale were not disclosed.
“Atlantic Fasteners provides the market presence, products and capabilities to further enhance our Applied Maintenance Supplies & Solutions (Applied MSS℠) offering to a broad array of industrial customers,” said Neil A. Schrimsher, President & 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 programs.
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.”
Founded in 1923, Applied Industrial Technologies is a leading industrial distributor that offers more than five million parts to serve the needs of MRO and OEM customers in virtually every industry. In addition, Applied provides engineering, design and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber and fluid power shop services. Applied also offers maintenance training and inventory management solutions that provide added value to its customers. For more information, visit www.applied.com.
From the Desk of Tony Peterson, General Manager – Atlantic Fasteners
As an addition to the Applied Maintenance Supplies & Solutions℠ division of Applied Industrial Technologies, Atlantic Fasteners gains access to more than 47,000 MRO consumables, including additional fasteners, paints & chemicals, cutting tools & abrasives, electrical, pipes, valves & fittings, safety & personal protection equipment, janitorial, transportation, and shop supplies.
For our customers, that means we have more products and resources to help you take control of maintenance costs, reduce the hassles of finding replacement parts and increase the time spent on the job. Our maintenance solutions help you increase productivity and decrease the total cost of managing your MRO supplies.
Atlantic Fasteners will remain in Agawam, MA, with our existing sales team. Your contact information will remain the same, along with all of the high quality Atlantic Fasteners products and services that you have come to know and trust.
We are excited about the new opportunities this change will bring to us – and to you!
If you have any questions or comments, please do not hesitate to contact us at: 800-800-BOLT (2658)