Axel Abraham Christiernsson (1848–1919) founded our company 31st October 1888, in Stockholm, Sweden. Production was at that time a mix of lubricants and other chemical/technical products.
By 1920, grease was our primary product. By 1940, grease production had reached 1500 tons per year. In the previous year the total national demand for grease in Sweden amounted to 2200 tons, demonstrating how active the company was in this market at the time.
AXEL left Stockholm in the 1980s and concentrated all activities to the Nol site near Gothenburg, Sweden. A new grease plant was built there and inaugurated in May 1982. Shortly afterwards, in 1983, AXEL changed place in the supply chain becoming a B2B provider exclusively dealing with lubricating greases. The “Customised Label” era was born.
From 2003 to present, we've been aggressively focused on growth of production facilities, product lines, and customer base. In 2007, the turnover of the AXEL Group exceeded 470 MSEK (€56 million) with the company's new business plan including expansion outside the main European platform. The production facilities for Epoch™ technology were completed and the new concept was introduced to the market via a comprehensive product campaign.
In 1997 we were acquired by Fairford Holdings, a private investment company which exists to provide its owner with a stable, diversified and professionally-managed European investment portfolio. Today Fairford Holdings owns 99% of our shares.
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