AXI International Announces Acquisition
Wessel van Tonder, CEO of AXI International, is pleased to announce the company has acquired Fort Myers, Fla.-based Clean Fuel & Tank, Inc. AXI’s acquisition of the seven-year-old business is part of a larger strategy of expanding into new markets through mergers and acquisitions.
van Tonder said, “This is the first of what will be numerous acquisitions of service-oriented companies over the coming months. We have high hopes for enhancing the potential of Clean Tank & Fuel through the AXI brand.”
Randy Mote, owner of Clean Fuel & Tank, has been involved in solving Ethanol problems in smaller, gas-powered boats, and views this acquisition as a means to expand the diesel tank-cleaning part of the business.
Mote stated, “AXI is obviously well-positioned in the diesel treatment business. I was impressed by the quality of the products and the helpful attitude of the staff. Through this partnership, I hope to expand throughout Florida and then outward to the rest of the U.S.”
AXI has sharpened its focus on service-oriented businesses in recent months, and has begun to move towards gasoline and other fuels beyond diesel. This deal is a small step in solidifying that direction.
Clean Fuel & Tank will operate under the AXI brand for the time being, similar to AXI service operations in Malaysia and elsewhere.
van Tonder added, “Obviously for us the service side of the business is a way for AXI to address the needs of different kinds of customers as well as educate the market about our solution. We are pleased with our partnership with Randy and look forward to great things in the future.”
AXI is the leader in Fuel Maintenance and Optimization Systems. Founded in 1995 with the development of the patented ALGAE-X® Inline Fuel Conditioner, AXI has expanded its offering to include Fuel Polishing Systems, Mobile Tank Cleaning and Fuel Restoration Systems, Fuel Treatment Additives and Sampling and Testing equipment. AXI’s Fuel Maintenance and Optimization Systems restore and optimize fuel quality and are Green Clean Institute Certified. AXI’s commitment to customer service and superior engineering has propelled the company to a worldwide leadership position with operations in over 70 countries. AXI Fuel Maintenance Systems are available through factory-trained resellers and representatives, major engine distributors, marine equipment distributors, and fuel storage tank manufacturers, petroleum equipment suppliers. Additional information available at www.axi-international.com.