Issue link: http://www.insightdigital.biz/i/468967
14 | I NSIGH T • M a r c h 2 0 15 w w w . i n s i g h t o n b u s i n e s s . c o m operates 37 facilities in 18 countries and generates nearly 60 percent of its revenue from non-U.S. markets. e Foodservice business, which reported annual revenue of $1.6 billion during that same period, is one of the world's leading manufacturers of commercial foodservice equipment serving the ice, beverage, refrigeration, food prep and cooking needs of restaurants, convenience stores, hotels, hospitals and other institutions. e business has a worldwide network of 120 distributors serving dozens of well- recognized restaurant chains. Manitowoc Co. says benefits of the split include: » Positioning each business to pursue individual strategies as market conditions improve » Enabling each business to attract a long-term investor base appropriate for the particular operational and financial characteristics of each entity » Enabling investors to value each company separately » Enhancing the flexibility of each business to pursue distinct capital structures and capital allocation strategies to meet the individual needs of each business. » WEST CENTRAL Shawano, Waupaca, Waushara, Marquette, Green Lake Counties Adventurers descend on Waupaca An adventurous spirit has turned into a good business plan in Waupaca. Adventure Outfitters, which opened its doors in downtown Waupaca in 2013, won the Rising Star Award from the Waupaca Area Chamber of Commerce. e outdoor sports business experienced a 96 percent increase in revenue from its first summer season to its second season in 2014. It has since doubled its inventory and increased its fleet of rental equipment to handle consumer demand. e business is owned and operated by partners Tim Lencki and Dan Wachsmuth. e Rising Star Award is given to a business between one and five years old that provides a service while enhancing life in the Waupaca community and demonstrating economic growth. Adventure Outfitters sells and rents outdoor sports equipment such as kayaks, canoes, snowshoes and fat tire bicycles. It also offers introductory classes on both outdoor sports and additional outdoor topics such as how to properly layer clothing for winter or outdoor photography. In addition to its economic success — a location in Hartman State Park is planned for 2015 — Lencki has been involved with trail development, youth sports and river cleanup in the Waupaca area. Send business news updates and photos to edit@insightonbusiness.com. There are plenty of reasons to build with Boldt, including more than a century of experience. But perhaps the best one is the way in which we approach your project. Communication "silos" are replaced by collaboration; routine methods by creative solutions; missed opportunities by bold new possibilities. Bring your next project to Boldt. And see how it feels to be the priority. Challenging convention to deliver results. 920.739.6321 | boldt.com