Press Release: FCX : Applied Industrial Technologies Completes Acquisition of FCX Performance, Inc.

Applied Industrial Technologies (NYSE:AIT) today announced it has completed the previously announced acquisition of FCX Performance, Inc. (FCX), a leading distributor of specialty process flow control products and services. Based in Columbus, Ohio, FCX operates 68 locations with more than 1,000 team members. The total purchase price of the acquisition after contractual working capital adjustments was approximately $784 million, and was financed with a new credit facility comprised of a $780 million Term Loan A and a $250 million revolver.