OilQuick Launches US Manufacturing Arm
OilQuick USA, a company in the Exodus Global Group, and OilQuick AB have formed a joint venture to manufacture OilQuick quick fasteners in the US.
The new company OilQuick Americas (OQ Americas), will serve markets in both North and South America. The joint venture is currently developing a new administrative and manufacturing facility at OilQuick USA’s existing Superior, Wisc., location.
Kevin Boreen, CEO of Exodus Global, says the joint venture increases QilQuick’s manufacturing capacity significantly to meet an exponential growth in demand.
“The market for automatic quick couplings in North America is accelerating every day,” Boreen says. “This investment gives OilQuick Americas the unique ability to serve our customers with local manufacturing in North America.”
Boreen adds that his six-year professional relationship with OilQuickAB’s leadership made the joint venture an easy decision.
“Their attitude to business, commitment to quality and respect that they show their employees and could fit perfectly with Exodus Global,” he says. “With 40,000 switching systems installed worldwide, no competitor comes and is close to the reliability of OilQuick’s products.”
Henrik Sonerud, CEO of OilQuick AB, calls Exodus Global “a perfect match” for what he considers “a necessary step” for the company’s global expansion.
Sonerud says the move will “free up capacity for our growth in Europe and Asia, but more importantly improve to support our customers in North America by shortening delivery times and increasing flexibility.”
OilQuick Americas began operations in January, and expects to reach full production of its automatic attachment fastening system later in 2022.