The Manitowoc Company to Relocate Corporate Headquarters to Northwest Milwaukee
January 15 2018 - 04:01PM
Business Wire
The Manitowoc Company, Inc. (NYSE: MTW), a leading global
manufacturer of cranes and lifting solutions, today announced it
will relocate its corporate headquarters from Manitowoc, Wisconsin
to Milwaukee, Wisconsin.
Manitowoc will lease approximately 16,000-square feet in One
Park Place in the Park Plaza office park. Manitowoc has already
started to transition headquarters employees with the relocation
expected to be completed by the end of the first quarter, 2018
pending completion of the build-out.
“Manitowoc’s origin as a Wisconsin based manufacturer dates to
1902. The state has an impressive roster of global manufacturing
businesses with a top-level talent pool, and we are excited about
the move of our corporate headquarters. We believe this location
will strategically create easier accessibility for our customers,
shareholders and employees,” said Barry Pennypacker, President and
CEO, The Manitowoc Company.
Commensurate with the relocation to Milwaukee, the Company has
agreed to the sale of its former headquarters at 2400 S. 44th
Street in Manitowoc. The sale to Manitowoc-based Investors
Community Bank is expected to be complete by the end of the first
quarter, 2018.
About The Manitowoc Company, Inc.
Founded in 1902, The Manitowoc Company, Inc. is a leading global
manufacturer of cranes and lifting solutions with manufacturing,
distribution, and service facilities in 20 countries. Manitowoc is
recognized as one of the premier innovators and providers of
crawler cranes, tower cranes, and mobile cranes for the heavy
construction industry, which are complemented by a slate of
industry-leading aftermarket product support services. In 2016,
Manitowoc’s net sales totaled $1.6 billion, with over half
generated outside the United States.
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version on businesswire.com: http://www.businesswire.com/news/home/20180115005641/en/
The Manitowoc Company, Inc.Ion Warner, 717-593-5266VP, Marketing
and Investor Relations
Manitowoc (NYSE:MTW)
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