Applied Industrial Technologies, Inc., a distributor of bearings, power transmission components, and fluid power components and systems, has acquired the assets of UZ Engineered Products, Inc. from State Industrial Products Corporation (SIPC).

SIPC is a manufacturer and distributor of industrial products, while UZ Engineered is a distributor of products for maintenance, repair and operational needs. All the entities are based in the US.

Deal Type Acquisition

Sub-Category Asset Purchase

Deal Status Completed: 2010-08-02

Deal Participants

Target (Company) UZ Engineered Products, Inc. - Assets

Acquirer (Company) Applied Industrial Technologies, Inc.

Vendor (Company) State Industrial Products, Inc.

Deal Rationale

UZ Engineered's product mix and geographic coverage will enhance Applied Industrial's existing support for the government business sector. The deal will expand Applied Industrial's reach across North America.

For full details on Applied Industrial Tech (AIT) AIT. Applied Industrial Tech (AIT) has Short Term PowerRatings at TradingMarkets. Details on Applied Industrial Tech (AIT) Short Term PowerRatings is available at This Link.

Other News:
Applied Industrial acquires assets of UZ Engineered from State Industrial Products
Any Combination of Cage and Bearing Washer Design Possible
ZKL Group Has Became a Certified Supplier of AESA Company (Pic)
BSA Welcomes International Trade Expert to 2010 Fall Meeting
FAG Axial Ball Bearings Reduce Energy Consumption in Household Appliances
Timken Posts Strong Second-Quarter Results; Raises Full-Year Outlook
Applied Industrial Technologies Reports Fourth-quarter Profit VS. Year-ago Loss
SKF Implements Maintenance Plan at Allied Mills