Item 2. Properties
Item 2. Properties
We maintain our corporate headquarters in Charlotte, NC (a leased property) and, as of March 31, 2025, conducted our principal manufacturing at the following facilities:
Location Products/Operations Square
Footage Owned or
Leased
1 Künzelsau, Germany
Hoists 345,000 Leased
2 Wadesboro, NC Hoists 180,000 Owned
3 Monterrey, Mexico Hoists, Actuators and Rotary Unions, Precision Conveyors 165,000 Leased
4 Lexington, TN Chain 164,000 Owned
5 Menomonee Falls, WI Power control systems 144,000 Leased
Tennessee forging operation:
6 Chattanooga, TN Forged attachments 81,000 Owned
7 Chattanooga, TN Forged attachments 59,000 Owned
8 Hartland, WI Precision Conveyors 125,000 Leased
9 Wuppertal, Germany Hoists and Precision Conveyors 124,000 Leased
10 Kissing, Germany Hoists, winches, and actuators 107,000 Leased
11 Dauchingen, Germany Automation Solutions 103,000 Leased
12 Damascus, VA Hoists 97,000 Owned
13 Hangzhou, China Hoists 82,000 Owned
14 Brighton, MI Overhead light rail workstations 71,000 Leased
15 Chester, England Plate clamps 56,000 Owned
16 Bayan Lepas, Malaysia Precision Conveyors 40,000 Leased
17 Szekesfehervar, Hungary Textiles and textile strappings 24,000 Leased
In addition, we have a total of 43 sales offices, distribution centers, and warehouses. We believe that our properties have been adequately maintained, are in generally good condition and are suitable for our business as presently conducted. We also believe our existing facilities provide sufficient production capacity for our present needs and for our anticipated needs in the foreseeable future. Upon the expiration of our current leases, we believe that either we will be able to secure renewal terms or enter into leases for alternative locations at market terms.
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