Swedish grease maker Axel Christiernsson on Monday acquired U.S. grease manufacturer Jesco Resources, which will operate as Axel Americas LLC. The price was not disclosed.
Axel Group CEO Johan Stureson will serve as president of Axel Americas, while Jescos previous owner and president Richard Howell will remain as executive vice president. Stureson said the two companies know each other well, and that both will benefit from the acquisition. Each manufactures private label greases for a wide variety of applications in the industrial and automotive segments.