In an asset purchase effective January 30, 2026, Housby Heavy Equipment (Housby) transferred its Volvo CE inventory at three dealership locations in Iowa to Rudd Equipment Company, a subsidiary of Ferronordic.
With its construction equipment headquarters based in Louisville, Kentucky, Rudd has been in business for 74 years. This acquisition brings the company to 16 total locations in eight states. The new locations cover most of Iowa and one county in Illinois, where Rudd will be an exclusive Volvo CE dealer offering Volvo CE products and services in the dealer’s new and existing territory.
“Housby has built a strong presence in their region that Rudd will undoubtedly carry forward,” said Scott Young, Head of Region North America, Volvo CE. “This expansion of Rudd’s territory allows Rudd to fully realize the benefits and synergies of both companies.”
“This is the first step in expanding our U.S. business,” said Henrik Carlborg, CEO of Ferronordic. “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.
Ferronordic is a construction equipment and trucks service and sales company with branches in the U.S., Germany and Kazakhstan.
To find a local Volvo Construction Equipment dealer, visit the dealer locator page.
February 2, 2026
Journalists wanting further information, please contact:
Gregg Hennigan
Marketing Communications
Two Rivers Marketing
greggh@2rm.com
515-557-2233
Dave Foster
Corporate Communications
Volvo Construction Equipment North America, LLC
dave.foster@volvo.com
717-300-6104
For more information, please visit volvoce.com.
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Volvo Construction Equipment (Volvo CE) is a leading international manufacturer of premium construction equipment, and with over 10,000 employees, it is one of the largest companies in the industry. Volvo CE offers a wide range of products and services in more than 140 countries through its global distribution network. Volvo CE is part of the Volvo Group. The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase customers’ uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 101,000 people and serves customers in almost 190 markets. In 2024, net sales amounted to SEK 527 billion (EUR 46 billion). Volvo shares are listed on Nasdaq Stockholm.
