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MANITOWOC, WI – April 2, 2009 – The Manitowoc Company, Inc., parent company of Manitowoc Foodservice, has been ranked in BusinessWeek magazine’s 2009 BusinessWeek 50 Report as one of their top “best corporate performers.”
Companies were selected from the Standard & Poor’s 500-stock index and reviewed based on two key indicators – sales growth rate and return on invested capital. To reward sustained performance, all companies are measured over a three-year period and are then compared against their peers in the same business sector. The Manitowoc Company placed 37th overall.
“The Top 50 List identifies companies that we would expect to do well and also have the ability to do well in all sorts of economic conditions,” states Michael Mandel, chief economist for BusinessWeek magazine.
Click here for more information on the BusinessWeek 50 Scoreboard.
About Manitowoc Foodservice
Manitowoc Foodservice, a division of The Manitowoc Company, Inc., designs, manufactures and supplies best-in-class food and beverage equipment for the global foodservice market. Manitowoc Foodservice offers customers unparalleled operator and patron insights, collaborative kitchen solutions, culinary expertise and world-class implementation support and service, whether locations are around the corner or across the globe. With operations in the Americas, Europe and Asia, the company has a portfolio of best-in-class brands including Cleveland, Convotherm®, Delfield®, Fabristeel, Frymaster®, Garland®, Jackson, Kolpak, Kysor/Warren®, Kysor Panel Systems®, Lincoln, Manitowoc®, Multiplex, Merrychef®, Servend and Scotsman® Beverage Systems. For more information visit www.manitowocfsg.com
About The Manitowoc Company, Inc.
The Manitowoc Company, Inc. is a multi-industry, capital goods manufacturer with over 100 manufacturing and service facilities in 27 countries. It is recognized as one of the world’s largest providers of lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes, and boom trucks. Manitowoc also is one of the world’s leading innovators and manufacturers of commercial foodservice equipment as described above.
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