Wed July 30, 2003
Hoffman Named Authorized Dealer for Grove, Manitowoc
Hoffman Equipment Co., of Piscataway, NJ, has been named the full-service dealer for Manitowoc and Grove cranes. According to Tim Watters, president of Hoffman Equipment Co., this appointment allows the company to greatly expand the breadth of its crane offerings....
Fri July 25, 2003
Manitowoc Slates Second Quarter Earning Announcement
The Manitowoc Company, Inc. will announce its second-quarter 2003 financial results on Wednesday, July 30, before the market opens, and will broadcast its conference call live over the Internet at 10:00 a.m....
Tue May 20, 2003
Manitowoc Closes NE National Crane Facility, Moves It to Shady Grove, PA
Manitowoc announced May 13 that it will close its National Crane boom-truck manufacturing facility in Waverly, NE, and will move production to the company’s facility in Shady Grove, PA. Both facilities were acquired when Manitowoc purchased Grove Worldwide last year....
Mon January 13, 2003
Manitowoc Completes Sale of Manitowoc Boom Trucks Inc. to Quantum Heavy Equipment
The Manitowoc Company Inc. announced that it has completed the sale of Manitowoc Boom Trucks Inc. to Quantum Heavy Equipment LLC, a Delaware limited liability company, for cash. The sale was required by the Department of Justice in order for Manitowoc to acquire Grove Worldwide....
Tue November 05, 2002
Slow Crane Sales Cause Manitowoc to Reduce Earning Forecast
Manitowoc Co. reduced its 2002 profit forecast as crane sales remained weak from a slowdown in commercial construction.
The maker of cranes and refrigerated vending machines employs about 8,000 people, including 2,375 in Wisconsin, and since July has cut 5 percent of its total work force....
Mon August 19, 2002
Manitowoc Completes Acquisition of Grove Investors Inc.
The Manitowoc Company, Inc. a worldwide manufacturer of high-capacity lattice-boom crawler cranes and tower cranes, has completed the acquisition of Grove Investors Inc. The final purchase price was $271 million, funded by a combination of cash to be paid at a later date, a private offering of senior subordinated notes due 2012, and Manitowoc common stock....
Mon June 10, 2002
Manitowoc Company Appoints Glen Tellock President of Crane Group
The Manitowoc Company Inc. has named Senior Vice President and Chief Financial Officer Glen E. Tellock as president and general manager of the company’s Crane Group, effective immediately.
"With the pending Grove acquisition, we assessed the organizational needs required to run a billion-dollar crane segment....
Thu April 25, 2002
Manitowoc Announces First-Quarter 2002 Financial Results
The Manitowoc Company Inc. has announced record revenues for the first quarter ended March 31, 2002. Net sales increased 31 percent to $301.3 million, from $229.4 million for the same period in 2001. Earnings were $9.0 million, or $0.36 per diluted share, excluding a non-recurring charge, compared with $9.9 million, or $0.40 per diluted share, in the first quarter of 2001....
Mon March 25, 2002
Manitowoc Company Acquires Grove Worldwide, Expanding Crane Segment
The Manitowoc Company Inc., one of the leading worldwide manufacturers of high-capacity, lattice-boom crawler cranes and tower cranes, has announced that it has executed a definitive agreement to acquire Grove Worldwide is one of the leading manufacturers of mobile hydraulic cranes and truck-mounted cranes.
The acquisition, valued at approximately $270 million, will be funded by a combination of cash and approximately 2 million shares of Manitowoc common stock based on current market prices.
“Grove enhances our market-leading positions, represents a strong growth opportunity for our crane segment and fills a product void by adding mobile cranes to our product offerings....
Brenda Ruggiero - Wed January 30, 2002
Enduring Crane Companies Celebrate Delivery of New Manitowoc 777 Unit
Three companies with histories reaching back 75 years recently came together in Washington, D.C., when L.B. Smith Inc./Equipco delivered a new 777 Manitowoc lattice boom truck crane to Crane Service Company Inc....
