Axel Johnson International completed the acquisition of Lam-e St-Pierre Group.

Axel Johnson International, a privately owned Swedish industrial group operating globally, completed the acquisition of Lam-e St-Pierre Group, a manufacturer and distributor of lifting, rigging, and safety equipment. Financial terms were not disclosed. “We are proud of what we’ve built over the years and see Axel Johnson International as a strong partner to support future growth and development of the group. Becoming part of Axel Johnson International unlocks a new set of opportunities for us. We are joining a group that shares our values, understands our business, and brings a broad industrial network with deep expertise and cross-border collaboration. I’m very excited about what the future holds for the Lam-é St-Pierre Group,” Alphonse Belanger, Lam-é St-Pierre Group Co-owner.