CLEVELAND, March 06, 2017 (GLOBE NEWSWIRE) -- Applied Industrial Technologies (NYSE:AIT) today announced it has acquired Sentinel Fluid Controls (“Sentinel”), a distributor of hydraulic and lubrication components, systems and solutions. Terms of the purchase were not disclosed.
“The addition of Sentinel complements and enhances our fluid power market leadership,” said Neil A. Schrimsher, President & Chief Executive Officer for Applied. “Their experience and expert fluid power solutions enrich our comprehensive product and service offering and strengthen our geographic footprint.”
Established in 2002 by combining the hydraulic divisions of four Midwestern fluid power distributorships, Sentinel’s roots date back to the mid-1920s. Today, the business operates from locations in Toledo, OH; New Berlin, WI; Valparaiso, IN; and Indianapolis, IN. The company’s extensive hydraulic and lubrication offering includes standard, custom, mobile and industrial systems, plus related engineering, service and repair capabilities. Sentinel serves a broad range of industries, including automotive and transportation, construction, food and beverage, mining, pulp and paper, and general industrial.
Todd A. Barlett, Applied’s Vice President – Acquisitions and Global Business Development, added, “We are happy to welcome Sentinel’s associates into our company and the Applied Fluid Power team, bringing together our talents and capabilities to deliver added value and additional growth opportunities.” Headed by Warren E. (Bud) Hoffner, Vice President, General Manager – Fluid Power, the Applied Fluid Power network of companies lead the industry in innovative technology and engineered systems solutions.
Founded in 1923, Applied Industrial Technologies is a leading industrial distributor serving 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.
CORPORATE & MEDIA RELATIONS Julie A. Kho Manager, Public Relations 216-426-4483
Source:Applied Industrial Technologies, Inc