Manitowoc Company Inc is a global company specializing in products for the food service and construction industries. Manitowoc recently completed the divestiture of their marine division in January 2009.

History

Manitowoc Company, Inc. was founded by Charles West and Elias Gunnell in the lakeshore community of Manitowoc, Wisconsin

Manitowoc, Wisconsin

Manitowoc is a city in and the county seat of Manitowoc County, Wisconsin, United States. The city is located on Lake Michigan at the mouth of the Manitowoc River. According to the 2000 census, Manitowoc had a population of 34,053, with over 50,000 residents in the surrounding communities...

, in 1902. It was known as a shipbuilding

Shipbuilding

Shipbuilding is the construction of ships and floating vessels. It normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to before recorded history.Shipbuilding and ship repairs, both...

 and ship-repair company under the name Manitowoc Shipbuilding Company

Manitowoc Shipbuilding Company

Manitowoc Shipbuilding Company, located in Manitowoc, Wisconsin, was a major shipbuilder for the Great Lakes. It was founded in 1902, and made mainly steel ferries and ore haulers. During World War II, it built submarines, tank landing craft , and self-propelled fuel barges called "YOs". Employment...

. Since that time, the company has grown and diversified, entering the lattice-boom crane business in the mid-1920s and branching into commercial refrigeration

Refrigeration

Refrigeration is a process in which work is done to move heat from one location to another. This work is traditionally done by mechanical work, but can also be done by magnetism, laser or other means...

 equipment shortly after World War II

World War II

World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...

. During World War II, the Department of the Navy

United States Department of the Navy

The Department of the Navy of the United States of America was established by an Act of Congress on 30 April 1798, to provide a government organizational structure to the United States Navy and, from 1834 onwards, for the United States Marine Corps, and when directed by the President, of the...

 contracted Manitowoc to build a total of 28 submarines, plus the canceled USS Chicolar

USS Chicolar (SS-464)

USS Chicolar would have been a Tench-class submarine, the only ship of the United States Navy to be named for the chicolar.The name Chicolar was assigned to the submarine SS–464, but construction was cancelled on 29 July 1944, before she was laid down.Chicolar was also a fictional submarine in...

 (SS-464). Before they built the submarines for the Department of the Navy, the company built car ferries

Train ferry

A train ferry is a ship designed to carry railway vehicles. Typically, one level of the ship is fitted with railway tracks, and the vessel has a door at the front and/or rear to give access to the wharves. In the United States, train ferries are sometimes referred to as "car ferries", as...

. In November 2002, the company acquired Grove Crane company for approximately $271 million.

Construction

Manitowoc produces several lines of cranes to serve the construction industries.
The company produces high-capacity lattice-boom crawler cranes

Crane (machine)

A crane is a type of machine, generally equipped with a hoist, wire ropes or chains, and sheaves, that can be used both to lift and lower materials and to move them horizontally. It uses one or more simple machines to create mechanical advantage and thus move loads beyond the normal capability of...

, tower cranes, and mobile telescopic cranes for heavy construction, commercial construction, energy-related, wind farm

Wind farm

A wind farm is a group of wind turbines in the same location used to produce electric power. A large wind farm may consist of several hundred individual wind turbines, and cover an extended area of hundreds of square miles, but the land between the turbines may be used for agricultural or other...

, infrastructure, duty-cycle and crane-rental applications. It is also a producer of boom trucks.

Main Brands;

• Manitowoc cranes — Crawler cranes
• Grove cranes — rough-terrain, truck-mounted, all-terrain, Grove YardBoss, industrial cranes and Shuttlelift carry deck cranes. Grove began producing cranes in 1947 in Shady Grove, Pa.

• Potain cranes — Tower cranes and Self erecting tower cranes. Founded in La Clayette, France in 1928.
• National Crane — Articulating truck-mounted cranes (telescoping line was discontinued at the end of 2008). Founded in Nebraska in 1947 and all production of National Cranes moved to Shady Grove, Pa. after the acquisition by Manitowoc. Manitowoc in now building a huge crane to work in the diamond mines.

Manitowoc Crane Care — customer service branch established in 2000. Crane Care operates in 15 countries at 22 locations.

Foodservice division

Manitowoc Foodservice is a sub-division of the Manitowoc Company that produces ice machines and refrigeration equipment for businesses. Manitowoc holds sole rights to having their ice machines installed in Coca Cola dispensers.

In 2008, the company acquired Enodis PLC

Enodis

Enodis plc is a British company headquartered in Central London which manufactures foodmaking equipment. A former FTSE 250 Index constituent, since October 2008 the company has been a wholly owned subsidiary of the American machinery manufacturer The Manitowoc Company...

, a UK-based supplier of restaurant equipment, including fryers, ovens, and ice machines. Manitowoc Foodservice announced that they would be selling off the ice division of Enodis, and the sale of that division has been completed.

Marine division

Manitowoc Marine is a subdivision of the Manitowoc Company, which builds and repairs commercial and military ships at yards in Marinette, Wisconsin, Sturgeon Bay, Wisconsin, and Cleveland, Ohio. The Marinette shipyard, Marinette Marine

Marinette Marine

Marinette Marine Corporation is a shipbuilding firm in Marinette, Wisconsin. MMC was a subsidiary of Manitowoc Marine Group, also in Wisconsin, but was sold to Fincantieri Marine Group in 2009...

, built the first Freedom class

Freedom class littoral combat ship

The Freedom class is a class of littoral combat ships built for the United States Navy.The Freedom class was proposed by Lockheed Martin as a contender for USN plans to build a fleet of small, multipurpose warships to operate in the littoral zone...

 littoral combat ship for the United States Navy, and the United States Coast Guard Cutter Mackinaw

USCGC Mackinaw (WLBB-30)

USCGC Mackinaw is a vessel built as a heavy icebreaker for operations on the North American Great Lakes for the United States Coast Guard. IMO number: 9271054...

. In August 2008, Manitowoc Marine Division repaired the SS Badger. The SS Badger is like the car ferries that were built by Manitowoc Company before they built 28 submarines for the defense department during World War II. It also repaired a ferry from New York. The Manitowoc Company announced in August 2008 a proposal to sell the marine division to Italian shipbuilder Fincantieri

Fincantieri

Fincantieri - Cantieri Navali Italiani S.p.A. is a shipbuilding company based in Trieste, Italy. It was formed in 1959 and is the largest shipbuilder in the Mediterranean, and one of the largest in Europe...

. The sale closed on December 31, 2008

Corporate governance

Board of Directors (2008)

Glen E. Tellock — president and CEO, The Manitowoc Company, Inc.

Dean H. Anderson — president and owner, Dynamic Specialties, Inc.

Virgis W. Colbert — executive vice president, Miller Brewing Company

Miller Brewing Company

The Miller Brewing Company is an American beer brewing company owned by the United Kingdom-based SABMiller. Its regional headquarters are located in Milwaukee, Wisconsin and the company has brewing facilities in Albany, Georgia; Chippewa Falls, Wisconsin; Eden, North Carolina; Fort Worth, Texas;...

Daniel W. Duval — chairman and CEO, Arrow Electronics, Inc.

Cynthia M. Egnotovich — vice president and segment vice president, Nacelles and Interior Systems

Goodrich Corporation

The Goodrich Corporation , formerly the B.F. Goodrich Company, is an American aerospace manufacturing company based in Charlotte, North Carolina. Founded in Akron, Ohio in 1870 as Goodrich, Tew & Co. by Dr. Benjamin Franklin Goodrich. The company name was changed to the "B.F...

Kenneth W. Krueger — executive vice president, Bucyrus International

Bucyrus International

Bucyrus International, Inc. , was an American surface and underground mining equipment company. Founded as Bucyrus Foundry and Manufacturing Company in Bucyrus, Ohio, in 1880, Bucyrus moved company headquarters to South Milwaukee, Wisconsin in 1893. In its early history, Bucyrus produced steam...

Keith D. Nosbusch — president and CEO, Rockwell Automation, Inc.

Rockwell Automation

Rockwell Automation is a global provider of industrial automation, power, control and information solutions. Brands in industrial automation include Allen-Bradley and Rockwell Software....

James L. Packard — chairman, Regal Beloit Corporation

Regal-Beloit

Regal Beloit Corporation , headquartered in Beloit, Wisconsin, is one of the largest manufacturers of electric motors in the world...

Robert C. Stift — retired chairman, president and CEO, Strategic Industries, LLC.

Senior management (2008)

Glen E. Tellock — president and CEO, The Manitowoc Company, Inc.

Carl Laurino — senior vice president and CFO.

Maurice D. Jones, senior vice president, general counsel and secretary

Thomas G. Musial — senior vice president — human resources and administration

Dean Nolden — vice president of finance and controller

Eric Etchart, senior vice president, The Manitowoc Company, Inc. and president and general manager, Manitowoc Cranes

Manitowoc Cranes

Manitowoc Cranes is a division of The Manitowoc Company, Inc in the United States. Manitowoc Cranes produces four brands of cranes and has two service brands, Manitowoc Crane Care and Manitowoc Finance.- History :...

Michael J. Kachmer — senior vice president, The Manitowoc Company, Inc. and president and general manager, Manitowoc Foodservice

Financial Information

Year	Net sales (in millions)	Operating earnings (in millions)	Number of shareholders	Number of employees
1999	680.0	59.5	2,746	3,202
2000	737.0	55.8	2,787	4,405
2001	984.0	44.4	2,719	6,124
2002	1,253.0	39.0	2,746	7,766
2003	1,468.0	8.6	2,804	7,700
2004	1,845.0	38.1	2,726	7,600
2005	2,254.0	59.1	-	8,000
2006	2,933.0	166.5	-	9,500
2007	4,005.0	333.6	2,520	10,500

External links

• The Manitowoc Company's website