Ferronordic acquires VolvoCE Dealer Rudd Equipment

completed

Ferronordic acquired Rudd Equipment Company, Inc., one of the largest dealers of Volvo Construction Equipment in the United States with territory spanning all or parts of nine states. Rudd Equipment is now a wholly owned subsidiary of Ferronordic. Ferronordic, an established European-based dealer for Volvo Construction Equipment, Volvo Trucks, and Renault Trucks, is entering the US market with the acquisition of Rudd Equipment. Ferronordic will purchase 100% of the stock of Rudd Equipment. The transaction closed on November 30, 2023. Rudd Equipment is the exclusive Volvo CE dealer for the entire states of Kentucky and Ohio, and Indiana, with exception of two counties. Their territory also includes parts of Missouri, Illinois, West Virginia, Pennsylvania, Tennessee, and Maryland. Headquartered in Louisville, Kentucky, Rudd Equipment has over 360 employees across 13 locations. Ferronordic will continue to offer the full range of Volvo products and solutions under the Rudd Equipment banner.