Founded in Cleveland, Ohio, as The Ohio Ball Bearing Company by Joseph M. Bruening. First year sales totaled $82,000.
Established branches in Youngstown and Cincinnati.
Changed company name to Bearings, Inc.; Began trading on American Stock Exchange.
Acquired Dixie Bearings, Inc.
Formed subsidiary Bruening Bearings, Inc.
Began trading on the New York Stock Exchange.
Opened first distribution center in Cleveland, Ohio.
Founder Joseph M. Bruening passed away.
Acquired King Bearing, Inc.
Acquired Mainline Industrial Distributors, Inc.
Recorded more than a billion dollars in sales for the first time.
Acquired Engineered Sales, Inc.
Changed name to Applied Industrial Technologies; Acquired Invetech Company (parent company of Detroit Ball Bearing, American Bearing and Power Transmission, Moore Bearing, Kentucky Bearing Service and Hewitt Transmission).
Acquired Rafael Benitez Carrillo (Puerto Rico).
Acquired Bearing & Transmission, B & T Rubber and HyPOWER Systems (Canada).
Launched iSource; Opened Applied México, S.A. de C.V.
Acquired Baleros Industriales, S.A. de C.V. (Mexico); Acquired Industrial Equipment Co. Ltd. (Canada).
Acquired Rodamientos y Bandas de la Laguna, S.A. de C.V. (Mexico).
Acquired Groupe GLM (Canada); Acquired Spencer Industries, Inc., a regional fluid power distributor headquartered in Kent, WA. The company operates nine locations throughout the Western United States.
Acquired Minnesota Bearing Company. Divisions include Iowa Bearing Company, Western Bearing & Supply Company, and Nebraska Bearing Company, as well as Air-Hydraulic Systems, Inc.
Recorded more than $2 billion in sales for the first time; Acquired VYCMEX S.A. de C.V. of Mexico. VYCMEX is Mexico's largest independent fluid power distributor.
Acquired Suministros Industriales Enol, S.A. de C.V. and its group of companies; Acquired Fluid Power Resource, LLC and the following seven fluid power distribution businesses: Bay Advanced Technologies, Carolina Fluid Components, DTS Fluid Power, FluidTech, Hughes HiTech, Hydro Air, and Power Systems; Acquired Cincinnati Transmission, a single location, regional distributor of power transmission and motion control products as well as gearbox repair solutions.