The Manitowoc Company
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| Public | |
| Traded as | : MTW |
| Industry | Manufacturing |
| Founded | 1902 |
| Headquarters |
2400 South 44th Street Manitowoc, Wisconsin, United States |
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Key people
|
Barry L. Pennypacker (CEO) |
| Products | Cranes |
| Revenue |
 US$ 3.4 Billion (2016)
|
|
US$0.1 Billion (2016)
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|
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US$0.1 Billion (2016)
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| Total assets |
US$3.5 Billion (2016)
|
| Total equity |
US$0.8 Billion (2016)
|
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Number of employees
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11,000 (2016) |
| Divisions | Manitowoc Cranes, Manitowoc Foodservice |
| Website | www |
The Manitowoc Company, Inc. is a Fortune 1000 manufacturer of cranes and, until 2016, food service equipment. The company was founded in 1902, and is headquartered in Manitowoc, Wisconsin. On March 4, 2016, the company announced that it had completed the spin-off of its food service equipment operations into a new publicly traded company, Manitowoc Foodservices.
Manitowoc Company, Inc. was founded by Charles West and Elias Gunnell in the lakeshore community of Manitowoc, Wisconsin, in 1902. It was known as a shipbuilding and ship-repair company under the name Manitowoc Shipbuilding Company. Since that time, the company has grown and diversified, entering the lattice-boom crane business in the mid-1920s and branching into commercial refrigeration equipment shortly after World War II. During World War II, the Department of the Navy contracted Manitowoc to build a total of 28 submarines, plus the canceled USS Chicolar (SS-464). Before they built the submarines for the Department of the Navy, the company built car ferries. In November 2002, the company acquired the Grove Crane company for approximately $271 million.
Manitowoc produces several lines of cranes to serve the construction industries. The company produces high-capacity lattice-boom crawler cranes, tower cranes, and mobile telescopic cranes for heavy construction, commercial construction, energy-related, wind farm, infrastructure, duty-cycle and crane-rental applications. It is also a producer of boom trucks.
Main Brands:
Manitowoc Foodservice is a sub-division of the Manitowoc Company that produces ice machines and refrigeration equipment for businesses.
In 2008, the company acquired Enodis PLC, a UK-based supplier of restaurant equipment, including fryers, ovens, and ice machines. Manitowoc Foodservice announced that they would be selling off the ice division of Enodis, and the sale of that division has been completed.
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Wikipedia