- Applied Industrial Technologies Inc AIT has acquired R.R. Floody Company, Inc (Floody) for undisclosed financial terms.
- Rockford, IL-based Floody provides automation products, services, and engineered solutions focused on machine vision, mobile and collaborative robotics, motion control, material handling, and digital capabilities.
- Applied Industrial noted Floody has a strong presence across the U.S. Midwest market.
- Floody’s team of 18 associates operates from one location and serves customers primarily across consumer packaging, food and beverage, pharmaceutical, medical technology, and general industrial industries.
- Applied Industrial held cash and cash equivalents of $257.75 million as of June 30, 2021.
- Price Action: AIT shares are trading lower by 0.44% at $87.92 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
