# Axel Johnson acquires majority stake in Brazeway

The Hickman family sold a majority interest in Brazeway Inc. to Axel Johnson Inc., a family-owned company based in Stockholm, Sweden, and New York. The Hickmans retain a minority stake.

- Type: Acquisition
- Announced: 2018-12-16
- Where: Adrian, Michigan, United States
- Status: completed
- Products: aluminum extrusions, heat transfer products
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Axel Johnson](https://endata.com/companies/7562.md) (acquirer)
- [Brazeway Inc.](https://endata.com/companies/19361.md) (target)
- [Hickman family](https://endata.com/companies/19362.md) (partner)

## Sources

- [lenconnect.com](https://www.lenconnect.com/story/business/manufacturing/2018/12/16/hickmans-sell-majority-ownership-in/6631280007/), 2018-12-16: "Finding a partner like Axel Johnson is rare, as they have a unique business model as well as shared values."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.