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17 January 2022OilQuick Americas kicks off January 1st
OilQuick USA, an Exodus Global company, and OilQuick AB announce a joint venture to manufacture OilQuick's automatic quick coupler systems on site in the USA.
The new company will be named OilQuick Americas, (OQ Americas) and will serve both the North and South American markets. OQ Americas is currently investing tens of millions (SEK) in new premises and state-of-the-art manufacturing in connection with the existing facility in Superior, Wisconsin.
Kevin Boreen, CEO of Exodus Global:
-This joint venture increases our manufacturing capacity significantly to meet the exponential growth in demand. After working with Åke and Henrik Sonerud for six years, it was an easy decision to go into this exciting project. Their attitude to business, commitment to quality and the respect they show their employees and customers fit perfectly with Exodus Global.
-The market for automatic quick couplings in North America is accelerating every day. This investment gives OQ Americas the unique ability to serve our customers with local manufacturing on the North American continent. With 40,000 quick coupler systems systems installed worldwide, no competitor comes even close to the reliability of OilQuick's products.
Henrik Sonerud, CEO of OilQuick AB:
-The team at Exodus Global is a perfect match for us, having the very same view of business, quality, and support for our customers. We are very happy to start this new journey with them.
-This is also a necessary step for us in our global expansion, by doing this we release capacity for our growth in Europe and Asia, but more importantly we improve support for our customers in North America by shortening delivery times and increasing flexibility.
OilQuick Americas will start operations from 1 January 2022 and full production of OilQuick's products will be achieved later in 2022.