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                                                                Exhibit 99(e)



                   NOTICE OF SPECIAL MEETING OF SHAREHOLDERS
                            TO BE HELD JULY 30, 1997


To the Shareholders of Invetech Company:

    NOTICE IS HEREBY GIVEN that a Special Meeting of Shareholders of Invetech
Company will be held on July 30, 1997, at 10:00 a.m., local time, at Invetech
Company's headquarters, 1400 Howard Street, Detroit, Michigan 48216, for the
following purposes:

    1.   To consider and vote upon a proposal to approve the Plan and Agreement
         of Merger, dated April 29, 1997, by and among Applied Industrial
         Technologies, Inc., IC Acquisition Corporation and Invetech Company,
         pursuant to which Invetech Company would be merged with and into IC
         Acquisition Corporation, a wholly owned subsidiary of Applied
         Industrial Technologies, Inc.; and

    2.   To transact any and all other business that may properly come before
         the meeting, or any adjournments and postponements thereof.

    The Board of Directors has fixed the close of business on July 18, 1997 as
the record date for the determination of shareholders entitled to notice of and
to vote at the meeting and any adjournments and postponements thereof.

                                        By Order of the Board of Directors,



                                        J. Michael Moore
                                        Chairman of the Board            



                                        Anne S. McAlpine
                                        Assistant Secretary

Dated: July 18, 1997
Detroit, Michigan


APPROVAL OF THE MERGER REQUIRES THE AFFIRMATIVE VOTE OF THE HOLDERS OF A
MAJORITY OF THE OUTSTANDING SHARES OF THE CLASS A COMMON STOCK AND THE CLASS B
COMMON STOCK, VOTING AS CLASSES, OF INVETECH COMPANY. 
