CLEVELAND – Applied Industrial Technologies recently announced it has acquired the assets of UZ Engineered Products of Cleveland, Ohio.
UZ is a distributor of products for maintenance, repair and operational needs. The business was acquired from State Industrial Products Corporation, also located in Cleveland. Terms of the sale were not disclosed.
“UZ is an important addition to our government business sector,” said Todd A. Barlett, Vice President – Acquisitions and Global Business Development for Applied. “Their product mix, experience and geographic coverage will enhance our existing support for this important market and help us expand our reach across North America. We’re very pleased to welcome their employees to the Applied family.”
David DeBord, currently President of UZ Engineered Products, will continue to serve in that position and will report to Michael L. Coticchia, Vice President of Government Business for Applied.
“Government business, including Federal, State, County and Local, is an important growth sector for us, and UZ will definitely help strengthen our position with our many customers,” said Coticchia. “We will now have a significantly expanded sales presence.”
Founded in 1982, UZ serves a broad range of MRO customers, primarily in the government sector, throughout the United States and Canada. The company’s single Cleveland location, together with its strategically located employees, supports industrial, commercial and institutional operations with product lines that include fasteners, fittings, lubricants, electrical components, welding supplies, cutting tools, and other specialty maintenance products. UZ employs more than 170 people and generated 2009 annual sales of approximately $23 million.
“We are proud to join UZ with a company that successfully demonstrates its ability to service government facilities and the needs of industrial customers,” said Hal Uhrman, CEO of State Industrial Products. “Applied provides the proper fit for UZ’s offerings and capabilities.”
With approximately 460 facilities and 4,500 employee associates across North America, Applied Industrial Technologies is an industrial distributor that offers more than 3 million parts critical to the operations of 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 slso acquired the business of SCS Supply Group Inc., formerly known as Toronto Bearing & Belting and CBS Equipment. Terms of the sale were not disclosed.
The acquired business operates eight locations with 61 employees throughout southern Ontario and services a broad base of industrial customers with bearings, power transmission, electrical, fluid power and industrial supplies.
The SCS management team of John (Jay) Shore, Rob Sharpe, and Ralph Caporiccio will continue with the Applied organization, reporting to Ron Sowinski, President & Chief Operating Officer of Applied Industrial Technologies Ltd.
"We're very pleased to establish our presence in the Province of Ontario with such a reputable business partner," said Barlett. "This acquisition further expands Applied's geographic footprint and creates opportunities to access a major economic sector of Eastern Canada."
"We are happy to be joining a strong company that aligns with our products, services, values and culture," said Jay Shore, President of SCS Supply.