OilQuickUSA, an Exodus Global company, and OilQuick AB, manufacture of the OilQuick Automatic Quick Coupler System, have announced a joint venture, OilQuick Americas, LLC, which will serve the North and South American markets.
The company is investing in its state-of-the-art manufacturing facility at Superior, Wisconsin, to expand capacity and handle what is expected to be a significant growth in demand.
"Having worked with Ake and Henrik Sonerud for six years now made the decision to form a JV with them easy. Their approach to business, commitment to quality, and respect they show their employees and customers dovetails perfectly with Exodus Global," stated Kevin Boreen, CEO of Exodus Global, LLC. "The market for Automatic Quick Couplers in North America is gaining momentum daily. This investment gives OQA the unique ability to service our customers with domestic manufacturing."
"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," said Henrik Sonerud, CEO of OilQuick AB. "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 even more importantly severely improve support to our customers in North America by shortening the delivery times and increasing the flexibility."
Full production of the OilQuick Automatic Quick Coupler System is expected to begin later in 2022.