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“This milestone represents the commitment and dedication of Manitowoc and De Lage Landen to our successful global partnership,” says Jay Buechler, Customer Finance Manager, North America, for Manitowoc. “We are very proud to have hit the $500 million funded mark, but we are more proud that we have provided such a valuable service to so many of our customers.” The transaction that boosted CraneCREDIT to the half-million-dollar level was with a significant Manitowoc customer, JLJD, Inc., which is owned by Jim Lomma. “It is a testament to the team that the global program has hit the $500 million mark just two years after reaching the $250 million milestone,” says Jeff Gocken, Vice President and Manitowoc Global Program Manager for De Lage Landen. “This achievement shows the value that CraneCREDIT customers place on easy and flexible financing.” Manitowoc is a world leader in the crane market with product offerings in all the major segments of the industry. Manitowoc’s crane products are marketed under the brand names Manitowoc, Potain, Grove, National, and Shuttlelift. CraneCREDIT specializes in providing Manitowoc crane buyers with a variety of options to finance or lease any new or used Manitowoc product with market-leading rates, residuals and service levels. About De Lage Landen De Lage Landen is a Netherlands-based global provider of high-quality asset finance and vendor finance programs. The global offering also includes an array of commercial finance solutions. With a presence in more than 25 countries throughout Europe, the Americas and Asia Pacific, the company focuses on the following industries: Food & Agriculture, Healthcare, Office Equipment, Information Technology, Telecommunications, Financial Institutions, Trucks & Trailers, Public Finance and Materials Handling & Construction. In its domestic market, the company offers Equipment Leasing, Car & Commercial Vehicle Leasing, ICT Leasing, Consumer Finance and Factoring through local Rabobanks but also directly to the market. De Lage Landen is a wholly owned subsidiary of the Dutch Rabobank Group, which is Triple-A rated by Moody’s and Standard & Poor’s. In 2006 De Lage Landen grew its net profit to €206 million ($259 million) and its lease portfolio to €18.9 billion ($24.9 billion) For more information, please visit their website: www.delagelanden.com
About The Manitowoc Company
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News Release
