Axel Johnson International completed the acquisition of Stenhouse.

Axel Johnson International, an industrial group, completed the acquisition of Stenhouse, a highly reputable company known for its lifting expertise. Financial terms were not disclosed. "Joining forces with Axel Johnson International and Lifting Solutions represents a new chapter for Stenhouse that will benefit our customers and employees alike. We look forward to contributing to the group’s success and setting new benchmarks in the lifting solutions sector here in Australia,” Adam Thompson, Stenhouse CEO.