Applied Industrial Technologies Celebrates its 90th Anniversary

       Applied Industrial Technologies Celebrates its 90th Anniversary

PR Newswire

CLEVELAND, Jan. 18, 2013

CLEVELAND, Jan. 18, 2013 /PRNewswire/ -- Applied Industrial Technologies
(NYSE: AIT) is celebrating its 90^th year in business. Founded in 1923 as The
Ohio Ball Bearing Company in Cleveland, Ohio, the company has grown to become
one of the largest industrial distributors in North America, providing more
than four million products, plus specialized, innovative value-added
solutions. With core competencies in bearings, power transmission components,
fluid power products, and other maintenance supplies and solutions, Applied^®
has experienced consistent growth through both product and market expansion to
achieve its current position as a FORTUNE 1000 company with annual revenues of
$2.4 billion.

(Logo: http://photos.prnewswire.com/prnh/20130118/CL44936LOGO )

Applied remains headquartered in Cleveland with more than 500 facilities and
5,000 associates around the world. The company represents more than 2,000
leading manufacturer suppliers with the highest quality brands to serve the
needs of Maintenance, Repair and Operations (MRO), and Original Equipment
Manufacturing (OEM) in virtually all industries. The company also provides
engineering, design and systems integration for industrial and fluid power
applications, as well as customized mechanical, fabricated rubber and fluid
power shop services. Additionally, Applied offers maintenance training and
inventory management solutions that provide added value to its customers.

The company's name was changed to Bearings, Inc. in 1953 and was first
publicly traded on the American Stock Exchange that same year. In 1997, the
company changed its name to Applied Industrial Technologies to more accurately
reflect its diversified product lines and is currently traded on the New York
Stock Exchange with the symbol AIT. That same year, the company moved into its
new curved steel and glass world headquarters located just east of downtown
Cleveland.

From the 1950s through the early 1990s, the company targeted U.S. expansion
with small and mid-size acquisitions. In the mid-1990s, the company increased
the overall pace of acquisitions, expanding its fluid power operations in
particular. Since 2000, Applied has also grown internationally, completing
major acquisitions in Canada, Mexico, Australia and New Zealand.

Applied has received numerous customer and supplier accolades for its
commitment to quality service and value-added support. In addition, Applied is
a 12-time winner of the NorthCoast 99 Award for being among the best places to
work, and Selling Power magazine continues to rank Applied as one of "The 50
Best Companies to Sell For." Since 2000, the company has been named to the
prestigious InformationWeek 500 list, which recognizes the most innovative
users of information technology.

"Our founding philosophy – to take care of the customer – remains our guiding
principle today through our dedicated associates who are highly trained and
focused on providing value-added solutions," says Neil Schrimsher, Chief
Executive Officer. "We are excited to be building on our strong foundation,
with excellent opportunities for growth – organically, via acquisition and
through our technology investments – and we are committed to generating
benefits for all Applied stakeholders."

About Applied

With more than 500 facilities and 5,000 employee associates, Applied
Industrial Technologies is a leading industrial distributor that offers more
than four million parts to serve the needs 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 also offers maintenance training and inventory management solutions
that provide added value to its customers. Applied can be visited on the
Internet at www.applied.com.

SOURCE Applied Industrial Technologies

Website: http://www.applied.com
Contact: Julie Kho, Applied Industrial Technologies, +1-216-426-4483,
jkho@applied.com.
 
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