June 20, 2023, Monroe, CT – AXEL Plastics Research Laboratories, Inc. (“AXEL”) a leading manufacturer of mold release and process aid additives, continues growing through the acquisition of the specialty lubricant and coatings manufacturer, RO-59, Inc.
RO-59 was founded by Ronald Bender and Oscar Levine, based out of Stoughton, Massachusetts. With a passion for simple, effective solutions, they developed a suite of lubricant coatings with unique bonding characteristics that support a wide range of processes including anodizing, plated metals, plastics, and some ceramics.
AXEL had been on the lookout for investment opportunities in the coatings space, and after an initial introduction to RO-59 in 2019 during the start of their search, the relationship grew between the firms.
Jake Axel, President of AXEL, states, “The acquisition of RO-59 strengthens our growth into the specialty coatings markets. We are pleased to be working with the RO-59 team during this transition and are looking forward to serving our customers with our enhanced product line.”
“We were impressed at the level of dedication given to every aspect of developing products that surpassed their customers’ expectations, which aligned with our goal of expanding our premium product lines to more markets and manufacturing processes. This is our first acquisition as a company, and we could not be more pleased for it to be RO-59.”
About AXEL: AXEL Plastics Research Laboratories, Inc. is a chemical additive company with an ISO 9001:2015- certified quality management system. The company and its products are fully compliant with REACH and major worldwide regulatory requirements. AXEL serves the global market through direct sales and a network of stocking distributors and technically trained representatives.
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Michelle Matschke
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mmatschke@axelplastics.com
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