| Manitex International, Inc. is a leading provider of engineered lifting solutions including cranes, rough terrain forklifts, reach stackers and container handling equipment and special mission oriented vehicles, including parts and service support. Manufacturing is located in several facilities in N. America and Italy, and the Company serves a broad range of customers, including commercial, military and governmental, across the world, through a dealer network.
Our Company
Our Manitex subsidiary located in Georgetown, Texas, manufactures and markets a comprehensive line of boom trucks and sign cranes through a national and international dealership network. Our boom trucks and crane products are primarily used in industrial projects, energy exploration and infrastructure development, including roads, bridges, and commercial construction.
Our Manitex Liftking subsidiary, located in Woodbridge, Toronto is a provider of material handling equipment including the Noble straight-mast rough terrain forklift product line, Lowry high capacity cushion tired forklift and Schaeff electric indoor forklifts as well as specialized carriers, heavy material handling transporters and steel mill equipment. Manitex Liftking's rough terrain forklifts are used in both commercial and military applications.
Our Badger Equipment Company subsidiary is a Winona, Minnesota-based manufacturer of specialized rough terrain cranes and material handling products and Manitex Load King, located in Elk Point South Dakota, is a manufacturer of specialized custom trailers and hauling systems typically used for transporting heavy equipment.
In July 2010, the Company's subsidiary, CVS Ferrari srl entered into an agreement to rent certain assets of CVS SpA on an exclusive rental basis in its operations. CVS SpA located near Milan, designed and manufactured a range of reach stackers and associated lifting equipment for the global container handling market, sold through a broad dealer network. We completed the acquisition of these assets in July 2011.
Our Crane and Machinery division is a Chicago-based distributor of cranes including Terex truck and rough terrain cranes, Fuchs material handlers and our own Manitex product line. Crane and Machinery provides aftermarket service in its local market as well as being a leading distributor of OEM crane parts, supplying parts to customers throughout the United States and internationally.
Strategy
Manitex strategy for growth is to deepen its lifting solutions product line through acquiring and developing additional product lines of varying lifting capacities and functionality. The Company pursues such opportunities that expand its addressable market as well as opportunities to extend its global presence, and will drive organic growth through further cross-selling, co-marketing and other strategies to further penetrate its existing distribution channels. |