Royal Mfg Co completes sale to leading European manufacturer
McAfee & Taft was pleased to serve as legal counsel to Royal Mfg Co, LP, one of the nation’s oldest manufacturers and marketers of high-performance lubricants and greases, in the sale of the majority of its operating assets and real estate in Oklahoma and Texas, to AXEL Americas LLC, a subsidiary of Europe-based AXEL Christiernsson. A registered ISO 9001:2015 company, Royal develops and manufactures hundreds of different types of lubricating oils and greases at its testing labs and production facilities in Tulsa, Oklahoma, and Schertz, Texas. Going forward, the 104-year-old company will operate under the name of AXEL Royal LLC.
“I am pleased to see Royal becoming a part of the AXEL Group and believe our companies will work very well together, building on the knowledge and skills that prevail on both sides,” said Bill Mallory, president of Royal Mfg Co, LP. “Royal and AXEL are both dedicated to high-quality products and customer service.”