News

Dear valued Manitex customer,

We are excited to start off the new year welcoming you, as a loyal Manitex International customer, to Tadano. As you may have heard, on January 2, Manitex Inc., Rabern Rentals, PM, Oil & Steel, and Valla, officially became wholly owned subsidiaries of Tadano Ltd. I sincerely welcome you to the Tadano family.

While this development is new, the Tadano–Manitex business relationship dates back nearly seven years. Tadano first invested in Manitex International in 2018 and held 14.5% of Manitex’s shares at the time we announced our intention to acquire the business. Tadano is committed to being a leading supplier of lifting equipment, and this acquisition helps us to further diversify our product portfolio, while remaining 100% committed to the lifting industry.

Our goal is to make the integration of the Manitex business as smooth as possible, ensuring that you can continue your business activities without interruption from day one. You will continue to use your same contacts unless you have been notified otherwise. We are moving forward with the vision of ensuring business continuity for you, so you can operate as usual without interruption.

One change already announced relates to the management structure for Manitex International. Hiroshi Nishizaki will assume the position of chairman of the board, bringing extensive experience in managing construction machinery businesses in the United States. I, Dean Barley, have been appointed as president and CEO in addition to my current position as president and CEO of Tadano America Corporation and Tadano Mantis Corporation.

Former Manitex International executives – Dave Langevin, chairman of the board; Michael Coffey, CEO; and Joseph Doolan, CFO – are stepping down but will remain with the organization for a transitional period as interim advisors to the new management and the Tadano team before their departure to ensure a smooth transition.

Tadano is committed to building synergies with Manitex to enhance efficiency and drive innovation. Integrating Manitex into the Tadano Group allows us to strengthen our portfolio, leverage the complementary strength of both brands and forge deeper working relationships with you by offering a broader range of lifting solutions for your business.

Over the next few months, we will carefully evaluate processes and identify opportunities to implement changes that enhance customer experience. We will leverage synergies between Tadano and Manitex throughout the value chain, including crane design, procurement, production and sales support to further benefit the customer. We will make changes thoughtfully with the aim of delivering even more value to you.

Our commitment – both mine as the new president & CEO of Manitex International and that of Tadano – is to work tirelessly to be your premier crane manufacturer of choice. We will strive to meet your lifting needs by providing safe, high-quality, efficient, and innovative equipment and technology, backed by the exceptional service and support that Tadano customers have come to expect. If you have not purchased from Tadano previously, you can expect this same level of dedication and value as we work to earn your trust and partnership.

Sincerely,

 

Dean Barley

President & CEO

Tadano America Corporation, Manitex International &

Tadano Mantis Corporation