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Grove Worldwide may be up for sale

July 01, 1997

SHADY GROVE, Pa. - Grove Worldwide may be up for sale as its parent company - Hanson PLC - explores some inquiries, a company press release announced this morning.

According to the release from Grove spokesman William Foley, it is "business as usual'' at the firm and he stressed that the possible sale is not imminent.

No word was available on what effect, if any, the possible sale might have on the June 12 announcement that the Franklin County crane maker had landed a government contract for up to 450 all-terrain, mobile cranes for the Department of Defense.

The contract could mean $120 million for Grove, company spokesman Doug Zoerb said in June.

In April, Grove officials announced the hiring of 120 additional production workers to meet growing product demand, including the government contract they knew was coming, Zoerb said.

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Grove, which employes 2,500 people, is the country's largest supplier of cranes for the military, Zoerb said.

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