Monday, August 2, 2010

Applied Industrial acquires UZ Engineered Products

Deal expands distributor’s business with government sector nationwide

Applied Industrial Technologies has acquired specialty MRO products distributor UZ Engineered Products from Cleveland-based State Industrial Products Corp.

Terms of the deal were not disclosed.

UZ sells MRO supplies to a broad range of customers, with a focus on the government sector. The Cleveland-based distributor’s products include fasteners, fittings, lubricants, electrical components, welding supplies, cutting tools, and other specialty maintenance products.

“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.”

UZ Engineered Products has 170 employees and annual sales of approximately $23 million, Applied said in a statement announcing the deal.

UZ’s president, David DeBord, will remain in that role, reporting to Michael L. Coticchia, Applied’s vice president of government business.

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