BRIDGEVIEW, Ill., March 23, 2011 /PRNewswire/ -- Manitex International, Inc. (Nasdaq: MNTX), a leading provider of engineered lifting solutions including boom truck cranes, rough terrain forklifts, container handling equipment and special mission oriented vehicles, today announced that it is expanding its distribution agreement with Cropac Equipment Inc., a premier mobile crane dealer serving customers throughout North America since 1977, and a key Manitex distributor since 1988, to include Alberta and Saskatchewan provinces in Canada.
Cropac Equipment Inc. has recently opened its latest branch in Nisku, Alberta, to strengthen its presence in a growth region in Canada. With, an expansive client base and a particularly strong presence in the energy sector, Cropac has evolved into one of North America's largest stocking Manitex dealers for its entire line of boom trucks, and now will represent Manitex from the east coast of Canada to Alberta. Cropac has already entered orders, targeted to this region, in excess of $2.2 million, which were included in an earlier contract announcement from Manitex, in the first quarter of 2011.
Randy Robertson, Director of Sales and Marketing for Manitex, Inc., said "Having worked together for the past twenty-three years, we know that Cropac shares the Manitex vision, prides itself as a leader in distribution in the boom truck market and is committed to maintaining available supply and immediate customer support. We are excited to be participating in a valued customer's expansion plans, and we are confident this new distribution agreement will lead to increased market share in western Canada for Manitex."
About Manitex International, Inc.
Manitex International, Inc. is a leading provider of engineered lifting solutions including cranes, rough terrain forklifts, indoor electric forklifts and special mission oriented vehicles, including parts support. Our Manitex subsidiary manufactures and markets a comprehensive line of boom trucks and sign cranes through a national and international dealership network. Our boom trucks and crane products are primarily used in industrial projects, energy exploration and infrastructure development, including roads, bridges, and commercial construction. Our Crane and Machinery division is a Chicago based distributor of cranes including Terex truck and rough terrain cranes, Fuchs material handlers and our own Manitex product line. Crane and Machinery provides after market service in its local market as well as being a leading distributor of OEM crane parts, supplying parts to customers throughout the United States and internationally. Our Manitex Liftking subsidiary is a provider of material handling equipment including the Noble straight-mast rough terrain forklift product line, Lowry high capacity cushion tired forklift and Schaeff electric indoor forklifts as well as specialized carriers, heavy material handling transporters and steel mill equipment. Manitex Liftking's rough terrain forklifts are used in both commercial and military applications. In July 2009, we acquired through a stock purchase, Badger Equipment Company, a Winona, Minnesota-based manufacturer of specialized rough terrain cranes and material handling products and on December 31, 2009 we acquired the operating assets of Load King Trailers, an Elk Point, South Dakota manufacturer of specialized engineered trailers and hauling systems. In June 2010, we signed an agreement to operate on an exclusive rental basis, CVS Ferrari, located near Milan, Italy, which designs and manufacturers a range of reach stackers and associated lifting equipment for the global container handling market, sold through a broad dealer network.
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SOURCE Manitex International, Inc.