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 Applied Industrial Technologies History

"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.

1923
Founded in Cleveland, Ohio, as The Ohio Ball Bearing Company by Joseph M. Bruening. First year sales totaled $82,000.
 
1927
Established branches in Youngstown and Cincinnati.
 
1953
Changed company name to Bearings, Inc.; Began trading on American Stock Exchange.
 
1957
Acquired Dixie Bearings, Inc.
 
1960
Formed subsidiary Bruening Bearings, Inc.
 
1965
Began trading on the New York Stock Exchange.
 
1972
Opened first distribution center in Cleveland, Ohio.
 
1987
Founder Joseph M. Bruening passed away.
 
1990
Acquired King Bearing, Inc.
 
1994
Acquired Mainline Industrial Distributors, Inc.
 
1995
Recorded more than a billion dollars in sales for the first time. 
 
1996
Acquired Engineered Sales, Inc.

1997
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).
 
1998
Acquired Rafael Benitez Carrillo (Puerto Rico).
 
2000
Acquired Bearing & Transmission, B & T Rubber and HyPOWER Systems (Canada).
 
2001
Opened Applied México, S.A. de C.V.
 
2002
Acquired Baleros Industriales, S.A. de C.V. (Mexico); Acquired Industrial Equipment Co. Ltd. (Canada).
 
2003
Acquired Rodamientos y Bandas de la Laguna, S.A. de C.V. (Mexico).
 
2005
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.
 
2006
Acquired Minnesota Bearing Company. Divisions include Iowa Bearing Company, Western Bearing & Supply Company, and Nebraska Bearing Company, as well as Air-Hydraulic Systems, Inc. 

2007
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.

2008
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.

2009
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.  

2010
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.

2011
Acquired Gulf Coast Bearing & Supply Co.; Acquired Chaines-Plus of Montreal, Canada. 
 




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