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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Manitex International Inc | NASDAQ:MNTX | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.63 | 12.12% | 5.83 | 5.33 | 6.74 | 5.93 | 5.50 | 5.50 | 66,667 | 21:30:00 |
Steve Kiefer, Executive Vice President of Sales and Marketing for Manitex International, commented, “This agreement is an excellent fit for Manitex as it immediately increases the breadth of Midwest distribution for the Manitex-PM knuckleboom cranes. Crane Sales & Service handles a broad range of products and understands the model for success in the knuckleboom truck market. I am confident that their knowledgeable sales and service personnel will be of great benefit to our mutual customers.”
Hugh Murphy, General Manager for Crane Sales & Service added, “Everyone at Crane Sales & Service is excited to represent Manitex’s full line of articulating cranes. We made an extensive internal survey of all leading knuckleboom truck brands and determined the Manitex was the recognized leader in innovation and value. This makes Manitex-PM the perfect fit for us. Our ability to offer the full line of Manitex-PM articulating and drywall cranes is of great benefit to us and I am looking forward to the successful sales of these high-quality cranes to our customers. Manitex’s ‘UpTime’ program is consistent with our view of selling ‘uptime’ to our customer by providing cranes that are backed with industry leading parts, service, and support.“
“We are certain that Crane Sales & Service and Manitex will prove to be a successful combination, as we strive to provide our customers with the industry’s best products, service, and support, and become a leader in this high growth area of the industrial equipment market,” Mr. Kiefer concluded.
About Manitex International Inc.:
Manitex International, Inc. is a leading worldwide provider of highly engineered specialized equipment including boom trucks, cranes, and other related 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, Badger, Sabre, and Valla.
About Crane Sales & Service:
With offices in Omaha, Lincoln, South Sioux City, NE; Sioux Falls, SD; Kansas City, KS and Des Moines, IA, Crane Sales & Service is one of the Midwest’s leading providers of products and services to the crane equipment and construction industries.
Contact: Trade and Media: Manitex International Steve Kiefer skiefer@manitex.com 708.237.2065 Crane Sales & Service Hugh Murphy hmurphy@cranesalesandservice.com 402.731.4655 Investor Relations: Darrow Associates, Inc. Peter Seltzberg, Managing Director, IR for Manitex International pseltzberg@darrowir.com 516.419.9915
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