AXEL is an independent and market leading operator in the lubricants industry, headquartered in Nol, Sweden, and part of the Fairford Group since 1997. The AXEL Group operates six plants with similar size of operation in Europe and USA. Axel’s sole focus is on defining, developing and producing high-quality lubricating grease products and providing unique services to help customers grow their grease business.
Axel Group is one of the leading independent players in the niche of grease production. Despite the fact that the lubricating grease industry is a fairly stable market in terms of growth our view is that additional market shares can be attained both in existing markets where we are currently present as well as in new geographies. Fairford believes there is further value to be created through both organic growth, industry consolidation and improved operations and the latter is especially true for our US entities.