Manitex International Inc. (NASDAQ:MNTX) is a leading international provider of truck and knuckle boom cranes and compact track loaders. The Company’s equipment is sold into a select group of end-markets and geographies, currently focused on construction/housing, utilities, military, railroads, energy, and government/agency applications, under the Manitex, PM, Badger, Sabre, Valla, ASV, Crane & Machinery and O&S brand names. Manitex has steadily grown both organically and as a consolidator in its industry, having acquired numerous branded product lines since going public in 2006. Its two largest transactions were announced in late-2014: ASV, Inc., a Joint Venture with Terex Corp (NYSE:TEX), and the acquisition of PM Group, of Modena, Italy. The company is nearing the completion of a 3-year program to enhance its margins and reduce its debt through expense reductions and divestitures of non-lifting businesses Manufacturing and assembly facilities are located in Georgetown, Texas, Winona, Minnesota, and Knox, Indiana, in the U.S. and internationally in (PM Group) Modena, Italy and in Romania; ASV’s manufacturing is in Grand Rapids, Minnesota. The Company’s experienced executive management team is led by David Langevin, Chairman and CEO, who has more than 20 years of experience within the industrial equipment sector, primarily at Terex Corporation (NYSE:TEX).
Since going public in July 2006, Manitex International has acquired 7 branded product lines and sold the “legacy” automotive testing and assembly equipment business in July 2007. The company expects to make additional acquisitions within the specialized heavy lifting segment in order to achieve its long-term growth objectives. The company’s current business has nothing to do with Manitex International’s former automotive testing and assembly business. Each group company is wholly owned.
Manitex International, Inc. trades under the ticker symbol, MNTX on the NASDAQ
563420 10 8
Broadridge Corporate Issuer Solutions, Inc.
44 W Lancaster Ave
Ardmore, PA 19003
Manitex International has never paid cash dividends. The company expects to retain earnings, if any, to fund the development and growth of the business and does not anticipate declaring or paying cash dividends in the foreseeable future.
No, the company does not have a direct stock purchase plan or direct investment program. Shares of Manitex International common stock may be bought through a broker or stock purchase service of your choice.
If you are unable to find the information you require on the Company website, you may forward your request for information or express your issues or concerns to:
Chairman and CEO
Manitex International, Inc.
Peter L. Seltzberg
Darrow Associates, Inc.
Manitex International, Inc. is a leading provider of engineered lifting solutions. Manufacturing is located in several
facilities in North America and Europe, and the Company serves a broad range of customers, including commercial, military and governmental, across the world.