CLEVELAND, Aug. 3 /CNW/ -- Applied Industrial Technologies Ltd., the Canadian subsidiary of Applied Industrial Technologies, Inc. (NYSE: AIT), today announced it has 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 Todd A. Barlett, Vice President - Acquisitions and Global Business Development for Applied. "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.
Company Details
- Employees
- 3
- Founded
- -
- Address
- 124 Oakdale Road, Toronto,on M3n 1v9,canada
- Industry
- Wholesale
- NAICS
-
Wholesale TradeMerchant Wholesalers, Durable GoodsMerchant Wholesalers, Nondurable GoodsOffice Equipment Merchant WholesalersOther Commercial Equipment Merchant WholesalersMedical, Dental, and Hospital Equipment and Supplies Merchant WholesalersOphthalmic Goods Merchant WholesalersOther Professional Equipment and Supplies Merchant WholesalersSporting and Recreational Goods and Supplies Merchant WholesalersToy and Hobby Goods and Supplies Merchant WholesalersOther Miscellaneous Durable Goods Merchant WholesalersFarm Supplies Merchant WholesalersBook, Periodical, and Newspaper Merchant WholesalersFlower, Nursery Stock, and Florists' Supplies Merchant WholesalersTobacco and Tobacco Product Merchant WholesalersPaint, Varnish, and Supplies Merchant WholesalersOther Miscellaneous Nondurable Goods Merchant WholesalersProfessional and Commercial Equipment and Supplies Merchant Wholesalers
- Website
- http://www.torontobearings.com/
- Keywords
- Wholesale distribution of power transmission parts, bearings, tools and all other industrial supply products.
- HQ
- Toronto, ON
Toronto Bearings & Belting Ltd Questions
Toronto Bearings & Belting Ltd's website is http://www.torontobearings.com/
Toronto Bearings & Belting Ltd's LinkedIn profile is https://ca.linkedin.com/company/toronto-bearings-&-belting-ltd
Toronto Bearings & Belting Ltd has
3 employees.
View email and phone details for 3
employees at Toronto Bearings & Belting Ltd.
Toronto Bearings & Belting Ltd's industry is
Wholesale
Toronto Bearings & Belting Ltd's top competitors are
Haggart Belting Canada,
Canada West Belting Products Ltd.,
Car-Part Dealer,
Johnston Research & Performance,
Rapid Enterprises,
Freshenopt ® Canada,
Infinity Belting Ltd.,
Ontario Belting & Power Transmission Ltd.,
Lb Auto Parts,
Wplus (Wplus.ca).
Toronto Bearings & Belting Ltd's categories are Wholesale
Toronto Bearings & Belting Ltd's founding year is 1984
