Acquisition helps Applied Industrial expand fluid-power distribution
Applied Industrial Technologies' acquisition of seven U.S. Fluid Power Resource distribution enterprises meshes nicely with Applied's plan to bolster its fluid power business, says Warren E. "Bud" Hoffner, who oversees the company's fluid power group. "It's just a great fit for Applied, and we've always thought that," Hoffner said. "FPR ran these companies as standalone firms in each local or regional market. That fits very well with how we're structured." Modern Distribution Management (07/16)