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* Manitex International, Inc. Announces strategic alternatives being considered for A.S.V., LLC




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Manitex International, Inc. (NASDAQ: MNTX), through its subsidiaries, designs, manufactures, and distributes engineered lifting equipment in the United States, Canada, and Mexico. The company provides boom trucks and sign cranes for industrial projects and energy exploration, as well as for infrastructure deelopment, including roads, bridges, and commercial construction; and manufactures and sells rough terrain forklifts and special mission oriented vehicles for commercial and military applications, as well as offers specialized carriers, heavy material handling transporters, and steel mill equipment for utility, ship building, and steel mill industries. It also offers trolley boom unloader, which delivers concrete, precast, and masonry supplies to construction sites.

Manitex International, Inc. trades on the NASDAQ under ticker symbol MNTX. The company, formerly known as Veri-Tek International Corp., was founded in 1993 and is based in Bridgeview, IL.

Business Overview

Manitex International, Inc. is a North American manufacturer of engineered lifting equipment that operates in the $110 billion U.S. industrial machinery industry. The Company’s Manitex division is a player in the $400 million North American Boom Truck Industry. The Manitex family includes: Manitex Boom Trucks, SkyCrane Aerial Platforms / Sign Cranes, and USTC Trolley Boom Products. The Manitex Liftking division manufactures a complete line of rough terrain forklifts and special mission oriented vehicles, as well as other specialized carriers, heavy material handling transporters and steel mill equipment which are utilized in the commercial and military markets.

In addition to providing industry leading engineered lifting equipment, Manitex International divisions also offer replacement parts to help service your lifting equipment investment, together with a wide array of service support, and training programs. Manitex Inc markets its "UPTIME" program which provides replacement parts, 24/7, via an online ordering and tracking system.

On October 6th, 2008, Manitex International announced the asset acquisition of Crane & Machinery, Inc. and Schaeff, Inc. product line from GT Distribution, Inc. This complementary acquisition supports the company's diversification strategy and adds scale to its existing replacement parts business. Crane & Machinery’s distribution network accelerates our penetration into international markets & Schaeff’s electric forklifts compliment our material handling offering.

Divisions

Manitex Division

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The Manitex family includes Manitex Boom Trucks, SkyCrane Aerial Platforms and Sign Cranes and USTC Trolley Boom Products. All models provide high-value lifting solutions for general contractors, sign erectors, roofers, crane rental operations, specialty services, precast and brick/block industries. The product line's slogan is: Better Product…...Better Payback.[1]

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Material Handling Division

The Material handling division of Manitex International offers a comprehensive range of lifting solutions to meet customer requirements. Additionally, Manitex offers an extensive parts catalog and service support. The division is composed of the following product lines:

Product Line: Description Picture
LiftKing Manitex Liftking ULC is a North American Manufacturer of a complete line of Rough Terrain Forklifts, Special Mission Oriented Vehicles, Specialized Carriers, and Heavy Material Handling Transporters. Manitex Liftking has been manufacturing Rough Terrain Forklifts and other Material Handling Equipment for commercial and military applications for over 30 years and has proven we are an industry leader in terms of quality, specifications, ergonomics, price and delivery in the Material Handling field.
Noble Noble is a leading manufacturer of straight mast & rough terrain forklifts. Noble is designed to be a superior quality lift truck equipped with the necessities and features offered by higher-priced competitors.
Lowry The Lowry product line features high quality, heavy capacity, indoor style, gas, propane and diesel powered solid tire lift trucks. With over two decades experience in high-capacity material handling, Lowry has earned a solid reputation in quality built trucks and exceptional customer support.
Schaeff Schaeff produces a line of electric, stand-up, counter-balance forklifts which the material handling industry has come to rely upon. It's engineers are constantly developing and applying advanced technology to bring customers the form, function, and features that set the benchmark by which all others will measure against for years to come.




References

  1. Manitex.com Manitex
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