Applied Industrial Technologies Acquires R.R. Floody Company
August 19, 2021
Applied Industrial Technologies (NYSE: AIT) has acquired R.R. Floody Company, Inc., a Rockford, Illinois-based provider of automation products, services, and engineered solutions focused on machine vision, robotics, motion control, and material handling. Floody’s 18-person team and capabilities will enhance Applied’s automation offering and support its scaling of advanced facility automation across the U.S. Midwest and broader industrial end markets.
- Targets
- R.R. Floody Company, Inc.
- Industry
- Industrial Services
- Location
- Illinois, United States
- Transaction Type
- Buyout
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