USA TODAY NETWORK-Wisconsin

MANITOWOC - Manitowoc Company will move its crawler crane manufacturing operations from Manitowoc to Shady Grove, Pennsylvania, the company said Monday.

A press release from the company said the move will make for a more efficient manufacturing footprint, lower costs and increased margins. The release also noted corporate headquarters and the company's product engineering and related support functions would remain in Manitowoc.

The company did not immediately disclose how many jobs would be affected.

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Peter Wills, executive director of Progress Lakeshore, said the business move will go beyond the layoff of employees at Manitowoc Company.

"Due to that there are so many companies that are vendors and suppliers for Manitowoc Company, we anticipate this will impact those businesses as well," Wills said.

Progress Lakeshore, the local economic development corporation, will be working with the Wisconsin Department of Workforce Development, the Wisconsin Economic Development Corporation, the Bay Area Workforce Development Board, Manitowoc Job Center and the City to coordinate resources to provide a rapid response team to help assist those laid off.

The transition will begin in the third quarter with completion anticipated by the middle of 2017. The company said the move is expected to lead to $25 million to $30 million in savings.

“After a comprehensive analysis and review of our current manufacturing footprint, coupled with current market conditions, we believe this restructuring initiative will ensure that our business continues to meet and exceed the needs of our customers every day," said Barry Pennypacker, president and chief executive officer, The Manitowoc Company, Inc. "We further recognize that this will have a personal impact on people who have been dedicated to Manitowoc. We thank them for their contributions to the achievements of our business, and are committed to treating them fairly and with respect throughout this process.”

Manitowoc Company also reported Aug. 8 second-quarter 2016 sales of $457.7 million, a 4 percent decrease versus $477.7 million in the comparable period in 2015.

In previous filings, the company expressed plans to cut about $200 million in costs over the next three to five years as part of an effort to achieve double-digit operating margins.

Shady Grove is a 300-acre facility that has produced crawler cranes since 2015. The company has invested in new equipment at the Shady Grove facility to increase its capacity and capability, the press release said.

In February, the company split its Foodservice and Crane segments into separate companies. The Foodservice segment became Manitowoc Foodservice and the crane segment operates as the Manitowoc Company.

Manitowoc Company's total revenue totaled $1.9 billion in 2015, according to the press release.