Manitowoc Tool & Manufacturing

What Manitowoc Tool & Manufacturing does

Manitowoc Tool & Manufacturing (MTM) is a family-owned, privately held precision metal stamping, custom metal fabrication, and tool & die manufacturer founded in 1965 and headquartered in Manitowoc, Wisconsin. The company operates 24/7 from a temperature-controlled footprint exceeding 400,000 square feet across its Expo Drive (300,000+ sq ft) and Vits Drive (100,000+ sq ft and growing) campuses, with a fleet of 28+ stamping presses ranging from 110-ton to 1,100-ton capacity (a 1,320-ton press is on order). Capabilities span high-tonnage precision metal stamping, laser and water jet cutting, CNC machining, robotic welding, value-added assembly, and full in-house tool & die design and build, supported by 20+ certified Journeyman Tool & Die Makers, four dedicated Tool Designers, Six Sigma processes, and ISO 9001:2015-certified quality at less than 150 PPM defect rates.

MTM sells B2B to industrial customers across at least 14 verticals — agricultural and turf equipment, recreational vehicles, fluid power, water treatment, fitness equipment, petrochemical, aerospace, on-highway trucking, appliances, plastic molding, lawn and garden, home standby power generation, LED lighting, small engines, and BBQ grills — with pricing on a quote basis per project. Go-to-market is sales-led through website quote forms, direct phone outreach, callback requests, and active presence at trade shows such as Design2Part and FABTECH Expo. Revenue is generated through three streams: production metal stamping services (transactional per-part pricing), custom metal fabrication services (laser cutting, water jet, CNC, robotic welding, assembly), and tool & die design and build (project-based), with the company's ability to take over and retrofit existing tooling from other suppliers serving as a key customer-acquisition lever.

MTM has no external funding, is wholly family-owned, and has remained continuously independent since founding. The company has shown sustained capital investment over the past five years, including the opening of a second manufacturing campus (Vits Drive) in 2022, fleet expansion to 28+ presses by 2022, and the 2025 announcement of its largest-ever 1,320-ton press. Leadership transitioned from President Scott Mertens to President Max Aschenbrener during this growth period. MTM operates a "YOUTH APPRENTICESHIP" program with CESA 6 and an in-house apprenticeship to address skilled trades pipeline constraints.

Name

Manitowoc Tool & Manufacturing

Legal name

Manitowoc Tool & Manufacturing LLC

Website

https://mantoolmfg.com

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

251–500 employees

Short description

Manitowoc Tool & Manufacturing is a family-owned precision metal stamping, custom metal fabrication, and tool & die manufacturer founded in 1965 in Manitowoc, Wisconsin. It serves 100+ industrial customers across 14+ verticals with 24/7 operations from a 400,000+ square foot footprint.

Ownership category

akta.pro rank

Product category

Precision Metal Stamping & Fabrication

NAICS

Machine Tool Manufacturing (333517)

SIC

Metal Forgings & Stampings (3460), Machine Tools, Metal Cutting Types (3541)

akta.pro primary industry

Metal Forming & Fabrication Machines (Presses, Bending, Shearing, Stamping) (IMAHADAC)

akta.pro secondary industry

Metal Cutting Tools, Tooling & Workholding (Cutters, Inserts, Chucks, Fixtures) (IMAHADAB)

Keywords

• Precision metal stamping
• Custom metal fabrication
• Tool and die manufacturing
• Metal stamping services
• Robotic welding

Headquarters

HQ city

Manitowoc

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Metal Stamping Services: High-volume precision metal stamping production services. Revenue generated through per-part pricing based on complexity, volume, and material requirements. Operates 24/7 to meet customer demand.
2. Metal Fabrication Services: Custom metal fabrication including laser cutting, water jet cutting, CNC machining, robotic welding, and value-added assembly services.
3. Tool & Die Design and Build: Design and construction of stamping dies for customer applications. Can take over existing tooling from other suppliers.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Manitowoc Tool & Manufacturing is a precision metal stamping and custom metal fabrication contract manufacturer that produces high-tolerance stamped, formed, and fabricated metal components for industrial OEMs. The company operates 24/7 out of a 300,000+ square-foot temperature-controlled facility running 28+ stamping presses (110- to 1,100-ton with a 1,320-ton on order), supported by in-house tool and die design/build, CNC machining, water jet cutting, 4,000-watt fiber optic laser cutting, robotic welding, and value-added assembly.

Differentiator

Problem solved

Functional benefit

Products and services

• Metal Stamping High-volume precision metal stamping production services run 24/7 on 28+ presses ranging from 110-ton to 1,100-ton (with a 1,320-ton press on order) for industrial OEM customers requiring tight-tolerance stamped parts.
• Tool and Die Design and Build In-house design and construction of stamping dies by 20+ certified Journeyman Tool and Die Makers and 4 dedicated Tool Designers, including the ability to take over and retrofit existing tooling from other suppliers through PPAP approval.
• Custom Metal Fabrication Custom metal fabrication services including laser cutting, water jet cutting, CNC machining, robotic welding, and value-added assembly for industrial OEM customers across a range of end markets.
• Laser Cutting Laser cutting using a 4,000-watt Mazak OPTIPLEX NEXUS 3015 fiber optic laser with a 5x10 ft bed and capacity to cut sheet metal up to 120 in. length, 60 in. width, and up to 1 in. thick, supporting prototyping to high-volume production.
• Robotic Welding Robotic welding as part of MTM's custom metal fabrication offering for industrial OEM customers.
• CNC Machining CNC machining as part of MTM's metal fabrication services for industrial OEM customers.
• Water Jet Cutting Water jet cutting as part of MTM's metal fabrication services for industrial OEM customers.
• Value-Added Assembly Value-added assembly services to deliver finished or sub-assembled metal components alongside stamping and fabrication for industrial OEM customers.

Quantifiable outcome

• Less than 150 PPM defect rate (99.99% acceptable products shipped)
• +2 more outcomes

Named customers2 records

Segments10 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Four partnerships are on record, tiered core.

• Dallas Industries InccoreTechnology or IntegrationSupplier of advanced feed lines and straighteners for stamping operations. Feed lines feature 48-inch width, 20,000 lb coil capacity, handling mild and high-strength steels. Auto-positioning based on job recipe provides quick, consistent setup.
• Mazak North AmericacoreTechnology or IntegrationSupplier of OPTIPLEX NEXUS 3015 Fiber Optic Laser Machine (4,000-watt) for metal fabrication capabilities. Machine handles workpieces up to 5x10 feet for laser cutting services.
• SEYIcoreTechnology or IntegrationSupplier of mechanical stamping presses including 660-ton, 880-ton, 1,100-ton, 1,320-ton, and servo technology presses. Major equipment provider for press fleet expansion.
• Manitowoc Tool and MachiningcoreStrategic or Co-development PartnerSister company partnering on PPE production during COVID-19 pandemic for face shield manufacturing. Combined manufacturing capabilities for community support.

Scale indicators7 records

Recent moves14 records

Expansion highlights4 records

Direct peers

• KMC Stampings: Mid-market contract metal stamper with full tool & die capabilities serving industrial OEM customers. Similar turnkey positioning and end-market diversification.
• Winsert, Inc. Wisconsin-based precision metal stamper and machining shop serving industrial markets with similar size and capability profile. Most directly comparable peer given overlapping geography, customer mix, and integrated stamping/machining offering.
• Weiss-Aug Group: Precision metal stamping and insert molding company serving medical, industrial, and consumer markets. Comparable in scale and quality focus; relevant for understanding stamping shop operating models.
• Kenmode Tool & Engineering: Mid-market contract metal stamper with in-house tool & die design and build capabilities. Closely mirrors MTM's vertical-integration model and serves similar industrial OEM customers.
• Kapco Metal Stamping: Contract metal stamper serving industrial and consumer OEM customers with in-house tool design and build. Comparable in service breadth and mid-market positioning.
• Tempco Manufacturing: Precision metal stamping and fabrication house serving industrial, agricultural, and recreational markets. Comparable mid-market scale with similar in-house tooling capabilities.
• Manor Tool & Manufacturing: Mid-market precision metal stamping and tool & die shop with similar name and profile. Comparable in capability mix and customer-segment orientation toward industrial OEMs.
• Fisher-Barton Group: Specialty metal stamping and cutting tool manufacturer serving industrial, agricultural, and outdoor power equipment markets. Comparable scale and end-market overlap, particularly in ag/turf and outdoor equipment.

Broad incumbents

• Tower International (Form Technologies / Diversified Structural Technologies): Large multi-site contract metal stamper serving automotive and industrial OEMs globally. Much larger scale than MTM but a useful reference point for national/regional stamping economics and customer-supplier dynamics.
• Shiloh Industries: Multi-site engineered metal stamping and lightweighting solutions provider to automotive and industrial markets. Significantly larger, but representative of the upper-scale contract stamping competitive set.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCvh30rbcFgqv_S6F6NVf8sw
• Facebookfacebook.com/ManitowocTool
• LinkedInlinkedin.com/company/manitowoc-tool-and-manufacturing-llc
• Xx.com/ManitowocTool

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Manitowoc Tool & Manufacturing