NYSE, AIT - Applied Industrial Technologies
In this annual report on Form 10-K, ?Applied? refers to Applied Industrial
Technologies, Inc., an Ohio corporation. References to ?we,? ?us,? ?our,? and
?the company? refer to Applied and its subsidiaries.
The company is one of North America?s leading industrial product
distributors. In addition, we provide fluid power, mechanical, and rubber shop
services. We offer technical application support for our products and provide
creative solutions to help customers minimize downtime and reduce overall
procurement costs. Although we do not generally manufacture the products we
sell, we do assemble and repair various products and systems. Our customers are
primarily North American companies, who use our products to maintain and to
repair their machinery and equipment. We also sell for original equipment
manufacturing uses.
Applied and its predecessor companies have engaged in this business since
1923, when The Ohio Ball Bearing Company was formed. ...
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