Axel Johnson International Expands Global Presence with First Acquisition in Canada

Axel Johnson International expands into Canada with the acquisition of Lam-é St-Pierre Group, marking the group’s first establishment in the country. The acquisition is made by the business group Lifting Solutions, a leading provider of lifting and rigging products and services. This strategic direction creates opportunities in a new geographic market with an industrial composition and cultural fit well-aligned with the group.

Axel Johnson International’s business group Lifting Solutions has acquired Lam-é St-Pierre Group (LSP Group) a privately held Canadian company specializing in lifting and rigging solutions. This acquisition includes the acquisition of Industrial Rigging & Supply in Ontario, a privately held company of which LSP Group previously held a 50% interest. With this strategic acquisition, Axel Johnson International takes its first step into the Canadian market, marking a significant milestone in the group’s geographic expansion strategy.

LSP Group has a strong presence across Ontario, Quebec, and New Brunswick with over 100 employees. With over 70 years of experience, the group has built a solid reputation in the energy, mining, and construction industries through its companies Lam-é St-Pierre, Boulons LPG, and Industrial Rigging & Supply. Together, they offer a comprehensive portfolio of lifting equipment, rigging solutions, engineered lifting tools, and value-added services such as inspection, certification, and training.

“Expanding into Canada reflects our ambition to grow in markets where we see long-term potential and cultural fit,” says Martin Malmvik, CEO of Axel Johnson International. “Canada’s industrial base, resilient economy, and strong values around partnership, quality, and responsibility make it a compelling match for our group. We see this as a long-term commitment to building presence and partnerships in a new part of the world.”

For Lifting Solutions, LSP Group provides a robust platform to accelerate growth. With a decentralized model, strong financial performance, and an experienced management team, the company is well-positioned to lead further development in the region.

“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,” says Alphonse Belanger, co-owner of LSP 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 LSP Group.”

“LSP Group is everything we look for in a platform company: a clear market leader with a proven track record of growth, a strong local brand, and an entrepreneurial culture that mirrors our own,” says Mattias Jaginder, Managing Director of Lifting Solutions. “Their ability to combine lifting know-how with customer-centric service makes them a perfect fit in our group. We look forward to supporting the team in their continued journey and expanding our offering across Canada together.”

About Lam-é St-Pierre Group
Founded in 1951, Lam-é St-Pierre Group (comprising Lam-é St-Pierre, Boulons LPG, and Industrial Rigging & Supply) is a leading Canadian specialist in lifting, rigging, binding, and safety equipment. With over 100 employees across several branches - in Ontario, Québec & New-Brunswick - the Group manufactures and distributes a wide range of products including chain and synthetic slings, steel cables, magnetic lifters, hoists, spreader beams, and tire chains. Lam-é St-Pierre Group also offers a full suite of value-added services, including inspection, repair, certification, and training. The Group has proven technical expertise and commitment to safety and quality.