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Applied Industrial Technologies to Acquire Knox Oil Field Supply

2014-05-27 06:00:00| Industrial Newsroom - All News for Today

Acquisition expands reach, service offering to upstream oil and gas industry<br /> <br /> CLEVELAND &ndash; Applied Industrial Technologies (NYSE: AIT) today announced it has reached a definitive agreement to acquire Knox Oil Field Supply (Knox) of San Angelo, Texas, a leading supplier to the upstream oil and gas industry. The acquisition is expected to be completed around July 1, 2014, upon expiration of the Hart-Scott-Rodino waiting period and satisfaction of certain other customary ...

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