Manitex International Welcomes Cobalt Truck Equipment LLC to Knuckle Boom Dealer Network

BRIDGEVIEW, Ill., Dec. 05, 2017 -- Manitex International, Inc., (NASDAQ:MNTX), a leading international provider of cranes and specialized industrial equipment, today announced the appointment of Idaho-based Cobalt Truck Equipment LLC to handle knuckle boom distribution for the states of Idaho, Washington, Nevada and Texas.

Founded in 1995, Cobalt Truck Equipment started with 12 employees and a single location in Meridian, Idaho. It has since moved to a newer and larger corporate headquarters in Nampa, Idaho, and expanded to three additional locations in Spokane, Las Vegas, and San Antonio, with over 100 employees.  In addition to building custom, fully-equipped trucks for its clients, Cobalt keeps an extensive inventory of built-up, work-ready truck packages available for immediate delivery. Construction, utility, and heavy equipment clients have come to trust Cobalt Truck Equipment for quality mechanics trucks, lube trucks, utility bodies, platforms, vans, and more.

Sam Rooke, PM Product Manager for Manitex International said, “We are excited to bring Cobalt Truck into our team of knuckle boom dealers, and begin initial shipments before the end of 2017. We are pleased with Cobalt’s extensive knowledge of the knuckle boom market and we look forward to working with them to provide first class support to their clients throughout the sales process and beyond.”

Dan Duncan, Owner & CEO of Cobalt Truck Equipment added, “Everyone at Cobalt is thrilled to add Manitex’s full line of articulating boom trucks to our equipment portfolio. Manitex is committed to supporting the full line of articulating cranes in North America and that can only benefit us and our customers in the long term. We are looking forward to our relationship developing even further and our customers reaping the benefits.”

About Manitex International Inc.:

Manitex International, Inc. is a leading worldwide provider of highly engineered specialized equipment including boom trucks, cranes, and other related industrial equipment. Our products, which are manufactured in facilities located in the USA and Europe, are targeted to selected niche markets where their unique designs and engineering excellence fill the needs of our customers and provide a competitive advantage.  We have consistently added to our portfolio of branded products and equipment both through internal development and focused acquisitions to diversify and expand our sales and profit base while remaining committed to our niche market strategy.  Our brands include Manitex, PM, Badger, Sabre, and Valla. 

Contact at Manitex International, Inc.:

Trade and Media:

Manitex International
Steve Kiefer
[email protected]
708.237.2065

Investors:

Manitex International, Inc.                                        
David Langevin                                                                               
Chairman and Chief Executive Officer                                 
(708) 237-2060              
[email protected]                                           

Darrow Associates, Inc.
Peter Seltzberg, Managing Director
Investor Relations
(516) 419-9915
[email protected]