Manitowoc

THE MANITOWOC COMPANY stock, making him the third largest investor in the com- pany, insisted that the crane division, whose business was, once again, at a trough (much of it attributable to the de- cline in energy prices, lack of business from the oil fields and general decline in other construction sectors) and the foodservice division, whose growth was rising slightly, become separate companies. “So, in March of last year, we became a stand-alone crane company, again,” says Pen- nypacker. “And that happened right at the time that the market was heading toward a low.” With a mandate to restructure, and in order to survive “the cyclical bottom,” Pennypacker says the company shed almost 1,400 workers and closed a number of plants. It also recognized that there was a deterioration in its repu- tation of quality and reliability in the field, which allowed its competition to take some of its market share. “So, we immediately went to work to improve our quality and re- AT A GLANCE THE MANITOWOC COMPANY WHAT: A leading global manufacturer of cranes and lift solutions WHERE: Global headquarters in Manito- woc, Wisconsin WEBSITE: www.manitowoccranes.com At Interfuse Manufacturing, our skilled craftsmen have the ability to design, cut, and form metals to the unique specifications of our customer’s demands. Commitment to quality is at our core. We are proud of the confidence our customers have in our ability to deliver a quality part on time, every time. We Turn Challenges Into Solutions. www.interfusemfg.com 162 Old Side Road, Clarence, PA 16829 814-387-6525 Our reputation is built of steel. ISO 9001:2008 As a premier cutting, fabricating and machining company with a 40-year history, Interfuse Manufacturing provides a one-stop source to meet any fabricating or welding needs. Founded in 1974 and currently operating two facilities in Central Pennsylvania, Interfuse continues to grow and meet the needs of its customer base. It possesses a unique understanding of machine operations com- bined with advanced technology in welding and fabricating to allow it to serve industries worldwide. Interfuse stays ahead of the game as an industry leader by continually investing in state-of-the-art fabricat- ing and machining equipment and technology. By enhancing capabilities and creating better efficiencies in processes, product improvements and cost savings are provided to each customer. Customer satisfaction is paramount to the continuation of Interfuse Manufacturing’s success. By continually building on that foundation and focusing on quality, process improvement and service and turning challeng- es into solutions, Interfuse looks to a bright future.