Cranes Manitowoc produces several lines of cranes to serve the construction, energy, and numerous other industries. The company produces high-capacity lattice-boom crawler
cranes, tower cranes, and mobile telescopic cranes for heavy construction, commercial construction, residential construction, energy-related uses,
wind farm, infrastructure, duty-cycle, crane-rental applications, among others. It is also a producer of boom trucks. The company has a thriving after-sales business as well, providing service, parts, renovation and training.
Main Brands: • Manitowoc cranes — Lattice Boom 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. event Batimat in Villepinte near Paris • Potain cranes — Tower cranes and self-erecting tower cranes. Founded in La Clayette, France in 1928. • National Crane — Telescoping boom trucks (articulating line was discontinued at the end of 2008). Founded in Waverly, Nebraska, in 1963 and all production of National Crane Boom Trucks moved to Shady Grove, Pennsylvania, after the acquisition by Manitowoc.
Food service Manitowoc Foodservice was a sub-division of the Manitowoc Company, producing ice machines and refrigeration equipment for businesses. The company acquired SerVend International, a manufacturer of ice and beverage systems equipment for the foodservice industry, in October 1997. In 2008, the company acquired
Enodis PLC, a UK-based supplier of restaurant equipment, including fryers, ovens, and ice machines. Manitowoc Foodservice was required to sell off the ice division of Enodis, including the Ice-O-Matic, Scotsman, Simag, and Barline brands, to address antitrust concerns. The division was sold to American private equity firm
Warburg Pincus in 2009. Warburg Pincus later sold the ice division to the Italian
Ali Group. On March 4, 2016, The Manitowoc Company completed a one for one common share split and created Manitowoc Foodservice. As of March 7, 2016 the newly created company began standard stock offerings on the
NYSE under the symbol "MFS" Manitowoc Foodservice rebranded itself as
Welbilt, Inc. and traded under the symbol "WBT". The newly formed company was under the leadership of former Manitowoc Company executive Hubertus M. Muehlhaeuser, who had eight direct reports. They were supported by a seven-member board of directors which included Mr. Muehlhaeuser. Manitowoc Foodservice consisted of 23 global brands that include 12 holding either #1 or #2 position in their respected global markets. In 2022 Welbilt was acquired by the Italian
Ali Group. As part of the acquisition, Manitowoc Ice was sold off to British-American firm
Pentair to address antitrust concerns.
Marine Manitowoc Marine was 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, built the first
Freedom class littoral combat ship for the United States Navy, and the
United States Coast Guard Cutter Mackinaw. In August 2008, Manitowoc Marine Division repaired the
SS Badger The Manitowoc Company announced in August 2008 a proposal to sell the marine division to Italian shipbuilder
Fincantieri. The sale closed on December 31, 2008. == Corporate governance ==