M&A Deal Summary

Applied Industrial Technologies Acquires Baleros Industriales S.A. de C.V.

On October 22, 2002, Applied Industrial Technologies acquired distribution company Baleros Industriales S.A. de C.V.

Acquisition Highlights
  • This is Applied Industrial Technologies’ 8th transaction in the Distribution sector.
  • This is Applied Industrial Technologies’ 1st transaction in Mexico.

M&A Deal Summary
Date 2002-10-22
Target Baleros Industriales S.A. de C.V.
Sector Distribution
Buyer(s) Applied Industrial Technologies
Deal Type Add-on Acquisition

Target

Baleros Industriales S.A. de C.V.

Monterrey, Mexico
Baleros Industriales S.A. de C.V. is a distributor of bearings and power transmission products.

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Buyer(S) 1

Buyer

Applied Industrial Technologies

Cleveland, Ohio, United States
Category Company
Founded 1923
Sector Distribution
Employees6,350
Revenue 4.4B USD (2023)
DESCRIPTION

Applied Industrial Technologies is an industrial distributor that offers more than five million parts to serve the needs of MRO and OEM customers in virtually every industry. Applied Industrial Technologies was founded in 1923 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 8 of 41
Sector (Distribution) 8 of 35
Type (Add-on Acquisition) 8 of 40
Country (Mexico) 1 of 5
Year (2002) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-04 Industrial Equipment

Vancouver, British Columbia, Canada

Industrial Equipment Co. Ltd. distributes a full range of industrial products, including bearings, power transmission components, seals, hose, filtration products and fluid power products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-02 Groupe GLM

Baie-Comeau, Quebec, Canada

Groupe GLM, Inc. is a distributor of bearings, power transmission and fluid power products.

Buy -
Mergr

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