The Manitowoc Company, Inc. (NYSE: MTW), a leading global manufacturer of cranes and lifting solutions, has announced it will relocate its corporate headquarters from Manitowoc, WI to Milwaukee, WI.
The Manitowoc Company will relocate its corporate headquarters to Milwaukee, WI.
Manitowoc will lease approximately 16,000-square feet in One Park Place in the Park Plaza office park. Manitowoc has already started to transition headquarters employees with the relocation expected to be completed by the end of the first quarter, 2018 pending completion of the build-out.
“Manitowoc’s origin as a Wisconsin based manufacturer dates to 1902,” said Barry Pennypacker, president and CEO, The Manitowoc Company. ”The state has an impressive roster of global manufacturing businesses with a top-level talent pool, and we are excited about the move of our corporate headquarters. We believe this location will strategically create easier accessibility for our customers, shareholders and employees.”
Commensurate with the relocation to Milwaukee, the company has agreed to the sale of its former headquarters at 2400 S. 44th Street in Manitowoc. The sale to Manitowoc-based Investors Community Bank is expected to be complete by the end of the first quarter, 2018.