Applied Industrial Technologies was founded in 1923 by Joseph M. Bruening. Originally called Ohio Ball Bearing Company, the company has changed names several times over the years as acquisitions were made. When the name was Bearings, Inc., the company hit $1 billion in sales in 1995. The name changed to its current one in 1997.
Applied Industrial Technologies manufactures industrial, automotive and fluid power parts. The company specializes in the repair or modification of rubber parts, such as hoses, belts and conveyor belts as well as the replacement of such parts.
The company has more than 500 facilities around the world including the U.S., Mexico, Canada and Australia. Applied Industrial Technologies has more than 4,600 employees and is publicly traded on the New York Stock Exchange under the ticker symbol: AIT.