Manitowoc Company

The Manitowoc Company, Inc.
legal form	Incorporated
ISIN	US5635714059
founding	1902
Seat	Manitowoc United States
management	Barry Pennypacker, CEO
Number of employees	4,900
sales	$ 1.613 billion
Branch	Industry , mechanical engineering
Website	www.manitowoc.com
	As of December 31, 2016

The Manitowoc Company, Inc. was founded in 1902 and is a crane manufacturer with over 115 manufacturing, distribution and service facilities in 26 countries. The headquarters of the US company is located in the city of the same name, Manitowoc , Wisconsin . The global company is a supplier of crawler cranes, tower cranes and mobile cranes. In 2016, Manitowoc had total revenues of $ 1.6 billion.

history

The Manitowoc Company was founded in 1902 by Charles West and Elias Gunnell in Manitowoc, Wisconsin, as a manufacturer and repair company of ocean-going vessels and operated under the name Manitowoc Dry Dock Company. Over the years, the company became a conglomerate in mechanical and plant engineering and developed three divisions: cranes (Manitowoc Cranes), catering technology (Manitowoc Foodservice) and shipyard operations (Manitowoc Marine).

The company began building cranes in 1928 and the crane manufacturer Potain was founded in the same year. Potain became the world leader in tower cranes and was acquired by Manitowoc in 2001. Grove was founded in 1947 and, as the world leader in mobile cranes, was acquired by Manitowoc in 2002 for approximately US $ 271 million.

In 2008 Manitowoc took over Enodis plc (London), a manufacturer of food processing products that had operated as Welbilt until 2000. Enodis was integrated into the Foodservice division, which was completely spun off as an independent Manitowoc Foodservice, Inc. in 2016 and renamed Welbilt, Inc. in 2017 .

The original core business, Manitowoc Marine, was sold to the Italian shipbuilder Fincantieri in 2008 .

Manitowoc Cranes

In 1925 Charles West helped financially the Moore Speedcrane Company. In 1928 Moore could no longer meet his obligations and Manitowoc took over the company, development and production and sold the cranes under its own name. Today the company is the global market leader for crane solutions. The brands under today's global umbrella group are Grove, Manitowoc, National Crane (acquired in 1978) and Potain. In addition to the pure crane solutions, Manitowoc Company Inc. has a worldwide production, sales and service network. Today, almost 1,000 employees produce two cranes a day, including the Grove GTK 1100 .

Products

The USS Potomac, built by the Manitowoc Navy in 1938

Manitowoc Foodservice

Welbilt (formerly Manitowoc Foodservice) is the world's largest manufacturer of professional catering technology in the fields of thermal and refrigeration solutions, food preparation and retail. It supplies restaurants, hypermarkets, hotels, organizations and grocery stores. The production and sales facilities for the various brands, Cleveland, Convotherm, Inducs, Delfield, Fabristeel, Frymaster, Garland, Kolpak, Kysor Panel Systems, Lincoln, Manitowoc Ice, Multiplex, Merrychef, Servend and Manitowoc Beverage Systems are located in North America, Europe and Asia Pacific. In March 2016 the division was spun off to the independent company Manitowoc Foodservice and renamed Welbilt in 2017 .