Manitex International, Inc. Announces the Addition of MADISA Group and Wyoming Machinery Company to the Boom Truck Crane Dist...
July 25 2019 - 8:01AM
Manitex International, Inc. (NASDAQ: MNTX), a leading international
provider of cranes and specialized industrial equipment, today
announced the expansion of its crane distribution network to
include former Terex Dealers MADISA Group based in Nuevo Leon,
Mexico and Wyoming Machinery Company based in Casper, Wyoming.
MADISA Group and Wyoming Machinery Company join the
growing network of boom truck crane dealers supporting Manitex
products, worldwide. Initial stocking orders have been placed
for cranes including the popular A62 and TC-500, and deliveries are
expected to begin in the current quarter.
Steve Kiefer, President, Chief Operating Officer,
added, “The changing landscape of the boom truck business continues
to bring opportunity to Manitex, and we are proud of our legacy as
a consistent and stable provider of quality industrial
equipment. We are excited to have MADISA Group and Wyoming
Machinery Company added to the Manitex boom truck crane
distribution network and look forward to supplying their growing
business with our line of Manitex boom truck cranes.”
MADISA Group is one of the largest machinery
distributors in Mexico with over 70 years of experience selling and
servicing premier industrial equipment brands, such as Caterpillar,
Link-Belt, Palfinger, Case and New Holland to the construction,
mining, oil & gas and transportation industries, throughout its
more than 80 locations across Mexico. Wyoming Machinery, with
four locations across the state of Wyoming, has been a leading
equipment provider of high-quality equipment and service for more
than 50 years.
About Manitex International,
Inc.
Manitex International, Inc. is a leading worldwide
provider of highly engineered mobile cranes (truck mounted
straight-mast and knuckle boom cranes, industrial cranes, rough
terrain cranes, and railroad cranes), truck-mounted aerial work
platforms and specialized industrial equipment. Our products,
which are manufactured in facilities located in the USA and Europe,
are targeted to selected niche markets where their unique designs
and engineering excellence fill the needs of our customers and
provide a competitive advantage. We have consistently
added to our portfolio of branded products and equipment both
through internal development and focused acquisitions to diversify
and expand our sales and profit base while remaining committed to
our niche market strategy. Our brands include Manitex, PM, Oil
& Steel, Badger, Sabre, and Valla. The company also has a
minority ownership in ASV Holdings, Inc. which manufactures and
sells a line of high-quality compact track and skid steer
loaders.
Contact:
Manitex International, Inc. |
Darrow Associates, Inc. |
Steve Kiefer |
Peter Seltzberg, Managing Director |
President, Chief Operating Officer |
Investor Relations |
(708) 237-2065 |
(516) 419-9915 |
skiefer@manitexinternational.com |
pseltzberg@darrowir.com |
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