JLG Completes Purchase of Delta Manlift

May 19, 2004 - JLG Industries, McConnellsburg , Pa. , recently announced that it has completed the purchase of Delta Manlift from The Manitowoc Company, Manitowoc , Wis. This acquisition adds the Toucan line of vertical personnel lifts and the Liftlux brand of scissors lifts to JLG's portfolio.

"This transaction is the kind of bolt-on acquisition that is consistent with our strategy to remain focused on the access industry," said Israel Celli, JLG vice president of international sales, marketing and customer support. "The Delta product line, which sells under the Toucan brand name, is a distinctly European design with an excellent reputation in the European aerial marketplace. The Liftlux brand of scissors, primarily known for large capacity and height, are very popular with specialty re-rental companies in Europe and North America and fit nicely at the upper end of the JLG scissor line."

Toucan vertical mast lifts are manufactured at two facilities in France . Liftlux scissor lifts had previously been discontinued by Manitowoc , and the purchase of certain intellectual property and assets will permit JLG to re-launch the line.

Conditions for approval of the purchase came sooner than expected-approximately one month following the offer to buy was made public. "With the completion of the sale, Manitowoc exits the aerial work platform segment and will concentrate on its core crane businesses," said Terry Growcock, Manitowoc 's chairman and chief executive officer.

Manitowoc will continue to provide aftermarket parts and service for its recently discontinued aerial work platform product lines, primarily Liftlux , U.S. Manlift, and the U.S. parts business, through its Manitowoc CraneCARE operations.