New Owner of Liftking Comments on Purchase | Construction News

Lanco, a multi-facetted, privately held company has commented on its purchase of Manitex Liftking.

“We are very excited to add the Liftking rough-terrain forklift and military line to our family of companies and look forward to building on the efforts that the previous ownership incorporated in making them one of the leading rough-terrain forklift and material-handling manufacturers in North America,” said Mike Lanigan, executive at Lanco.

Liftking, based in Toronto, Canada, was founded in 1968, with a focus on providing engineered lifting solutions in a variety of material handling fields, specializing in rough-terrain forklifts. The company's unique experience has made it the industry leader in specialized forklifts used around the world. It also offers a complete line of yard transporters in capacities from 100 to 750 tons.

Lanco, with companies in manufacturing, distribution, entertainment, transportation, and technology, is led by its flagship company, Mi-Jack, a leading manufacturer of rubber- tired gantry cranes. Lanco's other manufacturing companies include Broderson cranes and Greenfield specialty equipment.

“This new acquisition fits very well with the goals and reputation that we built over the years. Liftking has a well established network of dealers and customers who have been very satisfied with the reliability and quality of the Liftking products. That's what we were most impressed with this company and we will to continue to build on that tradition,” concluded Lanigan.