Founded in 1902, we are a diversified industrial manufacturer in three principal
markets: Cranes and Related Products (Crane); Foodservice Equipment (Foodservice)
and Marine. We have over a 100-year tradition of providing high-quality, customer-focused
products and support services to our markets worldwide.
Our Crane business is a global provider of engineered lift solutions, offering
one of the broadest lines of lifting equipment in our industry. We design, manufacture,
market, and support a comprehensive line of crawler cranes, mobile telescopic
cranes, tower cranes, and boom trucks. Our Crane products are marketed under
the Manitowoc, Grove, Potain, National, and Crane CARE brand names and are used
in a wide variety of applications, including energy, petrochemical and industrial
projects, infrastructure development such as road, bridge and airport construction,
commercial and high-rise residential construction, mining and dredging.
Our Foodservice business is a leading broad-line manufacturer of “cold
side” commercial foodservice products. We design, manufacture and market
full product lines of ice making machines, walk-in and reach-in refrigerators
and freezers, fountain beverage delivery systems and other foodservice refrigeration
products for the lodging, restaurant, healthcare, convenience store, soft-drink
bottling, and institutional foodservice markets. Our Foodservice products are
marketed under the Manitowoc, SerVend, Multiplex, Kolpak, Harford-Duracool,
McCall, McCann’s, Koolaire, Flomatic, Kyees, RDI, and other brand names.
Our Marine segment provides new construction (commercial/government), ship repair
and maintenance services for freshwater and saltwater vessels from three shipyards
on the U.S. Great Lakes. Our Marine segment serves the Great Lakes maritime market
consisting of U.S. and Canadian fleets, inland waterway operators, and ocean going
vessels that transit the Great Lakes and St. Lawrence Seaways.
Our principal executive offices are located at 2400 South 44th Street, Manitowoc,
Wisconsin 54220.
The primary raw materials that we use are structural and rolled steel, aluminum,
and copper, which is purchased from various domestic and international sources.
We also purchase engines and electrical equipment and other semi- and fully-processed
materials. Our policy is to maintain, wherever possible, alternate sources of
supply for our important materials and parts. We maintain inventories of steel
and other purchased material. We have been successful in our goal to maintain
alternative sources of raw materials and supplies, and therefore are not dependent
on a single source for any particular raw material or supply.
Competition
We sell all of our products in highly competitive industries. We compete in
each of our industries based on product design, quality of products and aftermarket
support services, product performance, maintenance costs, and price. Our competitors
may have greater financial, marketing, manufacturing or distribution resources
than we do. We believe that we benefit from the following competitive advantages:
a strong brand name, a reputation for quality products and aftermarket support
services, an established network of global distributors, broad product line
offerings in the markets we serve, and a commitment to engineering design and
product innovation. However, we cannot be certain that our products and services
will continue to compete successfully with our competitors or that we will be
able to retain our customer base or improve or maintain our profit margins on
sales to our customers.
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