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00 <br /> 0 <br /> Y <br /> V yam. <br /> 2 <br /> go Q z <br /> O <br /> O <br /> The Coin-Tainer°Co. LLC <br /> Coin-Tainer began as a small town manufacturing company and has grown to service the <br /> world's largest customers. This feat does not come without commitment, experience, a little <br /> heartache and a big drive to be the best in the industry. Coin-Tainer takes pride in what they do <br /> as a company and how they perform as a team and it shows in their product and process. <br /> Company History <br /> In September of 1976, Dave Walters, the founder and owner of Coin-Tainer, purchased four <br /> coin-wrapper-producing machines (then called "Manchester 44s") built by two retired NASA <br /> engineers from Tennessee. The machines were set up in the basement of his home with the <br /> intention of generating a secondary income selling preformed coin wrappers. <br /> Originally, coin wrapper machines were designed for bankers to make their own coin wrappers. <br /> However, the machines were marketed too soon, before fatal engineering flaws were worked <br /> out, and the machines did not work properly. Because of the difficulty in using the unreliable <br /> machines, bankers were unable to fabricate their own wrappers. Only 110 "Manchester 44s" <br /> were sold in the US prior to the equipment distributor going out of business. <br /> For Walters, 8 months of trial and error produced somewhat satisfactory machines suitable for <br /> small scale production. Because Walters was the only one to ever effectively re-engineer his <br /> "Manchester 44s", he went to Tennessee and purchased the patents and manufacturing rights <br /> from the original inventors. Thus began a 5 year project of completely renovating the units to be <br /> faster, bigger and better at producing quality preformed coin wrappers. During this period and <br /> the years following, Walters traveled across the country to purchase the remaining 106 <br /> "Manchester 44s". Each machine was dismantled, usable parts were salvaged and stocked for <br /> future use, and the remaining, useless components were discarded. <br /> From 1976 to 1981 Coin-Tainer manufactured just 1 product- preformed coin wrappers. During <br /> this time, a second-generation machine was developed; the Coin-Tainer 144 was born. In an <br /> effort to finance the research, development and design of this new unit, it was necessary to sell <br /> several updated models to manufacturers in other geographic regions. From 1981 to 1986 Coin- <br /> Tainer continued developing the preformed wrapper market in the United States. In addition, the <br /> company added other bank-related supply items to their product line in hopes of better serving <br /> their customers in the five-state area. <br /> At the end of the first ten years, Coin-Tainer occupied a 3,000-square-foot space with only 2 or <br /> 3 employees and annual sales reported as $250,000 to $300,000. Shortly after their ten-year <br /> milestone, Coin-Tainer moved to Milaca, Minnesota, doubling their footprint to occupy a 6,000- <br /> square-foot space. The next step for Coin-Tainer was to begin re-purchasing the equipment <br /> originally sold to other manufacturers in an effort to prevent their technology and information <br /> from becoming more widespread. The product line continued to expand and include products <br /> manufactured by others. The company also pushed forward the spread of Coin-Tainer coin <br /> wrappers to markets beyond the five-state area. In the late 1980s there were ten preformed coin <br /> wrapper manufacturers in the United States. Coin-Tainer was beginning to gain national <br /> recognition as one of the best providers in the industry. <br /> 3 <br />