Super Products president announces retirement
After 13 years leading and growing Super Products, Mike Vanden Heuvel announced his retirement effective Dec. 31, 2020. As his successor, Super Products’ Vice President of Rentals Randy Buening was promoted to president of Super Products, effective Jan. 1. Vanden Heuvel joined the company in 2007 as the VP of industrial sales and took over as president at the end of 2008. During his tenure he added several rental facilities and maintained steady growth under his leadership. Under Vanden Heuvel’s supervision, Super Products built and moved into its new headquarters in Mukwonago, Wisconsin, in January 2020. The new building allowed the organization to consolidate three separate operating facilities in southeast Wisconsin into one, where it now produces its full product line.
Volvo Group and Daimler Truck AG enter new joint venture
The Volvo Group and Daimler Truck AG have signed a binding agreement for a joint venture to develop, produce and commercialize fuel-cell systems for use in heavy-duty trucks as the primary focus, in addition to other applications. The ambition of both partners is to help take a step toward climate-neutral and sustainable transportation by 2050. The Volvo Group will acquire 50% of the partnership interests in Daimler Truck Fuel Cell GmbH & Co. KG for approximately $7 million on a cash and debt-free basis. Closing of the transaction is expected during the first half of 2021, subject to merger control review by relevant authorities, as well as other approvals.
