Applied Industrial Technologies Buys Fluid Power Sales For Undisclosed Terms

(RTTNews) - Applied Industrial Technologies, Inc. (AIT) today announced it has acquired Fluid Power Sales or FPS, a manufacturer and distributor of fluid power components, specializing in the engineering and fabrication of manifolds and power units. Terms of the purchase were not disclosed.

Established in 1968, FPS and its team of 50 employees support OEM and industrial customers in the Northeast and Eastern Canada from a single location in Baldwinsville, New York. The company's product portfolio includes accumulators, cylinders, hydraulic motors & pumps, test equipment, valves, and more.

"The addition of FPS provides a strong strategic fit that further enhances our Fluid Power market leadership. Their innovative products, custom solutions and deep hydraulic knowledge strengthen our technical and differentiated product portfolio for continued growth," said Neil Schrimsher, President & Chief Executive Officer for Applied Industrial Technologies.