Supplier consolidation continues as Saskatchewan-based AIT acquires Quebec’s Groupe GLM
Baie-Comeau, QC -- Groupe GLM, a privately held industrial distributor headquartered in Baie-Comeau, Que., was been...
Baie-Comeau, QC — Groupe GLM, a privately held industrial distributor headquartered in Baie-Comeau, Que., was been acquired today by Applied Industrial Technologies Ltd., Saskatoon, Sask., the Canadian subsidiary of Applied Industrial Technologies, Cleveland, Oh. AIT in Canada operates under the names Bearing & Transmission, B & T Rubber, HyPOWER Systems and Industrial Equipment Co. Ltd. (IECO).
Groupe GLM encompasses five companies under the names GLM, PV Hydraulique, Pro Hydraulique, Mecanique Industrielle and Reparations Maritimes. These companies operate five locations in Northern Quebec, distributing bearings, power transmission and fluid power products. Sales for the company are about US$20.5 million.
Groupe GLM serves customers across a broad range of industries, including paper, forest products, power generation, mining, primary metals, and shipbuilding and repair. Sylvie Robitaille, a 20-year veteran of the company who has held numerous management positions, will continue as vice-president and general manager of Groupe GLM.
Marius Robitaille, former owner of Groupe GLM, will continue with the organization in a consulting role as Applied continues to grow its business in Quebec.
“We’re extremely pleased to enter the Eastern Canadian market with such a strong partner,” said Todd Barlett, Applied’s vice-president – acquisitions and global business development. “Groupe GLM has established a reputation as a distribution leader in Quebec. Sylvie’s management, along with the expertise of the strong team of Groupe GLM associates, will ensure the continued growth and success of the organization.”
With more than 430 facilities and 4,300 employee-associates across North America, Applied Industrial Technologies is an industrial distributor that offers more than two million parts for MRO and OEM customers in virtually every industry. In addition, Applied provides engineering, design and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber and fluid power shop services. For its fiscal year ended June 30, 2004, Applied posted sales of $1.52 billion.
For more information, visit www.applied.com.