Update from AXEL: Gratitude, Teamwork, and Resilience.

As we announced last week, our Tulsa facility experienced a fire in one of our tank farms. The damage was limited, and we are incredibly grateful that all of our employees remained safe. We are proud of how the AXEL team, along with local first responders, implemented our emergency management plan to minimize risk.

As soon as conditions were safe, the AXEL Team, working alongside the City and contractors, quickly restored utilities, internal systems, and operations. Thanks to these extraordinary efforts, we are proud to share that shipments resumed within 24 hours of the incident. Our grease plant is now fully operational, and we have efficiently reorganized our lube operations to ensure minimal disruption to production and orders.

To our AXEL team, contractors, customers, suppliers, and everyone who has supported us during this challenging time, thank you! Your efforts, messages of encouragement, and collaboration have been key to making this recovery quick and seamless.

We remain fully committed to serving our customers and delivering on our promises. We will continue to move forward and strive to improve every day.

Johan Stureson

CEO AXEL Group