I have used this for years to maintain Axe handles. I normally oil my handles with boiled linseed oil and then rub a coat of Sno Seal on the handle with extra on the eye of the Axe to waterproof the wood.
The original beeswax waterproofing protects from rain, sun, snow and salt. Waterproofs, preserves and restores leather. Allows leather to breathe. Will not damage glue seams, stitching or welts.