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Manitowoc, Shuttlelift Sign Industrial Crane Supply Agreement

Tue June 22, 2004 - National Edition
CEG



Manitowoc Crane Group signed an agreement with Shuttlelift Inc., a subsidiary of Marine Travelift Inc., under which Shuttlelift will supply a line of industrial cranes to Manitowoc. The cranes will be sold under the Grove brand name.

Manitowoc and Shuttlelift expect to introduce seven models of industrial cranes, ranging in capacity from 8.5 to 20 tons (18 t) beginning in the third quarter of 2004.

These products will be differentiated from Shuttlelift’s existing product line, customized to the needs of Manitowoc customers. The cranes will be manufactured at Shuttlelift’s facility in Sturgeon Bay, WI, but will be sold exclusively by Manitowoc Crane Group around the world.

“This supply of industrial cranes will complement our current product line and ... [allow] us to better serve our global customers and meet their expanding product needs,” said Glen Tellock, president of Manitowoc Crane Group. “Shuttlelift’s excellent products and industry dedication fit well with Manitowoc’s philosophy of providing the best ... products to our customers. Shuttlelift has a thorough understanding of our market needs, has comprehensive engineering resources and excellent manufacturing capabilities. We look forward to a mutually beneficial relationship.”

Stephan Pfeifer, president and CEO of Shuttlelift, said, “We are happy to enter into this alliance with Manitowoc Crane Group, whose customer and industry knowledge will help us continue to provide new and innovative products to the marketplace. Manitowoc brings significant scale to Shuttlelift, allowing us to continue to invest in our products, our people and our future.”

The Manitowoc Company Inc. is one of the world’s largest providers of lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes and boom trucks. In addition, the company is a provider of shipbuilding, ship repair, and conversion services for government, military, and commercial customers throughout the U.S. maritime industry.

Shuttlelift is a leading producer of rubber-tired gantry cranes, industrial carrydeck cranes and utility digger derrick cranes.