Brazeway Brings on a New Partner
Brazeway joins forces with another family company.
Adrian, MI / New York, New York
10 December 2018
Brazeway is pleased to announce the sale of a majority interest to Axel Johnson, Inc (AJI). Axel Johnson, is a 5th generation, family-owned business headquartered in Stockholm, Sweden and New York with businesses throughout Europe and the U.S. Brazeway becomes the 9th industrial business in various sectors added to the U.S. group. The Hickman Family will retain minority interest in the business.
Stephanie Hickman Boyse, President of Brazeway said, “Finding a partner like Axel Johnson is rare, as they have a unique business model as well as shared values. It was critical to our family and management team that we assure the success and growth of Brazeway into future generations, carrying on the great tradition upon which this company was founded. We looked for a partner who will retain our culture and commitment to the communities we call home, who will offer opportunities for the growth of our people, who will share the philosophies of relationships and value creation for our customers and suppliers and who have the financial strength to ensure the continued success and growth into the next generation of family ownership. We are excited to work with this great team and continue to grow Brazeway together.”
“As an owner and investor, we look for strong ideas, proven leadership, and the potential to grow and build businesses for generations,” says Axel Johnson President and CEO Mike Milligan. “We invest in a company only when we are convinced that its leadership and employees also share our ownership values - Where they remain enthusiastic about, and committed to, their company’s future and as yet unrealized potential - Where they are eager to pursue new ideas, take risks, and bring novel products and services to market - Where they believe that how they go about running their business, and the impact they have on their customers, trade partners and communities, is as important as the products they sell.”
Brazeway is a leading extruder and fabricator of mission-critical, precision aluminum components to OEM customers in the HVAC, refrigeration and automotive / energy industries in North America. Brazeway’s proprietary product design advanced presses and fabrication technology and process capabilities enables Brazeway to innovate and deliver superior value to its customers. Brazeway was founded in 1946 by Charlie Hickman and Al Goldsmith and privately-owned by the Hickman family.
For more information contact
V.P. People and Procurement, Brazeway, Inc.