OilQuick USA, an Exodus Global company, and OilQuick AB, the manufacturer of the OilQuick Automatic Quick Coupler System, have announced a joint venture to manufacture automatic coupling systems in the U.S. The new company, OilQuick Americas LLC, or OQA, will service the North and South American markets.
OQA is investing millions of dollars in manufacturing machinery at its Superior, Wisconsin, location, according to a news release announcing the joint venture, greatly increasing OilQuick’s manufacturing capacity to meet growing demand.
"Having worked with Ake and Henrik Sonerud for six years now made the decision to form a JV with them easy,” says Kevin Boreen, CEO of Exodus Global. “Their approach to business, commitment to quality and respect they show their employees and customers dovetails perfectly with Exodus Global.”
Boreen adds, "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. With over 36,500 coupler systems installed worldwide, no competitor even comes close to the reliability of the OilQuick Coupler."
Henrik Sonerud, CEO of OilQuickAB, says, "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.”
He says the partnership is necessary for OilQuick’s expansion in Europe and Asia, adding that it will improve support to the company’s North America customers “by shortening the delivery times and increasing the flexibility."
OQA opened Jan. 1 and says full production of the OilQuick Automatic Quick Coupler System will occur later in 2022.
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