Applied Industrial completes three acquisitions Applied Industrial has completed the previously announced acquisition of Knox Oil Field Supply, a distributor of oilfield supplies and related services with 15 locations in Texas and one in New Mexico. The business employs 140 people and has annual sales of more than $100M. The Knox acquisition will be accretive in FY15, providing incremental EPS of 5c-7c. Applied also has acquired Rodamientos y Derivados del Norte S.A. of Monclova, Mexico, and Great Southern Bearings and Northam Bearings of Western Australia. Combined, RODENSA and GSB/Northam have approximately $20M in sales and will generate about 1% EPS accretion. The three purchases were funded through a $120M fixed-rate private placement facility and additional borrowings under Applied's existing revolving credit facility.