Manitex International Press Releases 2017

Manitex International, Inc. Announces Strategic Alternatives Being Considered for A.S.V., LLC

BRIDGEVIEW, IL, January 23, 2017 - Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of cranes and specialized equipment, announced today that its Board of Directors is considering strategic alternatives for A.S.V., LLC, its joint venture with Terex Corporation (NYSE:TEX), to realize maximum value for Manitex shareholders. The Board's review will include the possibility of a sale of all or a portion of ASV or Manitex’s ownership stake (51%) in ASV, as well as the possibility of ASV becoming a public company.