|"Service. That's really our business. And service is what got us going."|
-Joseph M. Bruening,
Founder, Applied Industrial Technologies
Always having the right part in stock, and getting it to the customer when they need it, has been the Applied® Promise since the very beginning.
In 1923, company founder Joseph M. Bruening delivered the first bearing to a customer who had not yet hung up the phone from placing the order. Bruening knew then that a precedent must be set in industrial distribution.
And, while this type of service seems unlikely in today’s marketplace, Applied Industrial Technologies continues that commitment to quickly satisfying each customer order. Applied Industrial Technologies was built to serve the industrial community and rests on the foundation that customers’ needs come first.
Throughout the years, this principle has inspired us to invest in growth opportunities that contributed to our expansion and evolution.
As the industrial market grew, so did Applied. Several strategic acquisitions in North America, including Canada, Puerto Rico and Mexico, positioned Applied as a leading industrial distributor whose focus is providing on-time delivery through locally stocked product. In addition, we introduced new product lines, innovative technologies and value-added services to offer one-stop solutions to our customers’ MRO needs.
Applied’s growth and change are a reflection of customer needs and our eagerness to adapt to those requests.
Founded in Cleveland, Ohio, as The Ohio Ball Bearing Company by Joseph M. Bruening. First year sales totaled $82,000.
Established branches in Youngstown and Cincinnati.
Changed company name to Bearings, Inc.; Began trading on American Stock Exchange.
Acquired Dixie Bearings, Inc.
Formed subsidiary Bruening Bearings, Inc.
Began trading on the New York Stock Exchange.
Opened first distribution center in Cleveland, Ohio.
Founder Joseph M. Bruening passed away.
Acquired King Bearing, Inc.
Acquired Mainline Industrial Distributors, Inc.
Recorded more than a billion dollars in sales for the first time.
Acquired Engineered Sales, Inc.
Changed name to Applied Industrial Technologies; Acquired Invetech Company (parent company of Detroit Ball Bearing, American Bearing and Power Transmission, Moore Bearing, Kentucky Bearing Service and Hewitt Transmission).
Acquired Rafael Benitez Carrillo (Puerto Rico).
Acquired Bearing & Transmission, B & T Rubber and HyPOWER Systems (Canada).
Opened Applied México, S.A. de C.V.
Acquired Baleros Industriales, S.A. de C.V. (Mexico); Acquired Industrial Equipment Co. Ltd. (Canada).
Acquired Rodamientos y Bandas de la Laguna, S.A. de C.V. (Mexico).
Acquired Groupe GLM (Canada); Acquired Spencer Industries, Inc., a regional fluid power distributor headquartered in Kent, WA. The company operates nine locations throughout the Western United States.
Acquired Minnesota Bearing Company. Divisions include Iowa Bearing Company, Western Bearing & Supply Company, and Nebraska Bearing Company, as well as Air-Hydraulic Systems, Inc.
Recorded more than $2 billion in sales for the first time; Acquired VYCMEX S.A. de C.V. of Mexico. VYCMEX is Mexico's largest independent fluid power distributor.
Acquired Suministros Industriales Enol, S.A. de C.V. and its group of companies; Acquired Fluid Power Resource, LLC and the following seven fluid power distribution businesses: Bay Advanced Technologies, Carolina Fluid Components, DTS Fluid Power, FluidTech, Hughes HiTech, Hydro Air, and Power Systems; Acquired Cincinnati Transmission, a single location, regional distributor of power transmission and motion control products as well as gearbox repair solutions.
Gained authorization to sell products from THK, a market leader in linear motion technologies; Established strategic partnerships with ORS Nasco and LagasseSweet, expanding the Applied® offering of tools, safety items, janitorial products and general maintenance supplies.
Acquired UZ Engineered Products of Cleveland, OH; Acquired SCS Supply Group Inc. of Ontario, Canada; Bearing & Transmission, Groupe GLM Change Operating Names to Applied Industrial Technologies.
Acquired Gulf Coast Bearing & Supply Co.; Acquired Chaines-Plus of Montreal, Canada.