Manitowoc To Close Cleveland Facility - Quick Facts

(RTTNews) - The Manitowoc Company, Inc. (MTW) announced it plans to move products currently manufactured at Cleveland, Ohio facility to other locations, along with an anticipated shutdown of this facility. The Manitowoc Company also expects to close its Irwindale, California distribution warehouse.

Hubertus Muehlhaeuser, CEO of Manitowoc Foodservice, said, "As part of our ongoing global manufacturing strategy, we intend to close our Cleveland facility, which produces a range of market-leading products including steamers, conveyor ovens, and mini combination ovens. These efforts are essential as we continue preparations for the eventual spin-off of the company's Foodservice business in the first quarter of 2016."