Housby Heavy Equipment transferred its

Volvo Construction Equipment

inventory at three dealership locations in Iowa to Rudd Equipment Co., a subsidiary of Ferronordic.

Based in Louisville, Kentucky, Rudd has been in business for 74 years. This deal gives Rudd 16 total locations in eight states.

According to Volvo CE, the new locations cover most of Iowa and one county in Illinois, where Rudd will be an exclusive Volvo dealer offering the company’s products and services.

“Housby has built a strong presence in their region that Rudd will undoubtedly carry forward,” says

Scott Young

, head of the North American region at Volvo CE. “This expansion of Rudd’s territory allows Rudd to fully realize the benefits and synergies of both companies.”

Ferronordic CEO Henrik Carlborg is excited for the opportunity.

“This is the first step in expanding our U.S. business,” Carlborg says. “Building on the work of Kevin and Kelly Housby, we aim to continue developing a leading equipment dealership in Iowa and across the broader Midwest. We are excited to welcome the employees of Housby’s equipment dealership to Rudd and Ferronordic.”

The transaction does not affect Housby’s business for Mack Trucks or any other Housby business, according to Volvo.

Ferronordic is a construction equipment and trucks service and sales company with branches in the U.S., Germany and Kazakhstan.

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