International Inc., which builds cranes, forklift trucks and
other equipment, has completed its purchase of Sabre
Manufacturing LLC, which fabricates steel tanks for petroleum
and natural gas drilling applications.
Manitex bought Sabre for $14 million, it said Aug. 19. Sabre
reported revenue of $39.1 million for the 12 months ended March
Knox, Ind.-based Sabre
is expected to capitalize on increases in industrial activity
and general construction atop growing refinery, petrochemical
and hydraulic fracturing operations in North America.
Some of Manitexs equipment is used in the energy