North Adams coin holder maker Air-Tite offered to California company | Business

NORTH ADAMS —  A tiny, family-owned enterprise that has designed plastic coin holders for more than 40 several years has been offered to a California-centered agency that manufactures resources for photo and scrapbooking albums and protecting sleeves for pc tablets.

Air-Tite Holders on Curran Freeway recently was marketed for $1.4 million to a local affiliate of Extremely Professional Worldwide, of Commerce, Calif., in accordance to documents filed at the Northern Berkshire Registry of Deeds in Adams.

Extremely Pro, launched in 1952, is a top maker of sports activities and gaming collectible add-ons, in accordance to its website. The disposable protective sleeves are trademarked.

Ultra Professional also owns Hanover Components, of Minnetonka, Minn., a distributor of items created from purely natural or gentleman-designed fibers. Air-Tite by now is listed with Hanover as a subsidiary of Ultra Professional on that company’s web site, and North Adams Mayor Thomas Bernard mentioned the new proprietors plan to keep the organization in the city and sustain it in its current form.

North Adams waived its appropriate of 1st refusal on Air-Tite’s web-site in the Robert Hardman Industrial Park so the new house owners could choose over the assets, Bernard explained.

The company’s former owner, Therrien Tanner Enterprises LLP, is a confined legal responsibility partnership consisting of brothers Glenn and Scott Therrien and their stepmother, Anne Therrien Tanner. Glenn and Scott’s father, the late Norman Therrien, was an inventor who founded Air-Tite in 1980, soon after shelling out 33 years at Basic Electrical Ordnance crafting specialized manuals for submarines.

Norman Therrien, who died in 1997, made Air-Tite’s technique of holders and rings created of molded plastic that can in shape all varieties and dimensions of coins. The rings can be altered to develop into greater or scaled-down so that collectors can maintain a number of dimensions of cash in just the exact holder. Air-Tite has made these products and solutions due to the fact the organization was started in Dalton 41 several years back.

Air-Tite resided at five areas in Dalton, then invested 10 a long time at the Wyandotte Mill in Pittsfield right before relocating to North Adams. The organization has been at its latest place, in the back of the Robert Hardman Industrial Park on Curran Freeway, since 2004.

In an interview with The Eagle in 2015, Scott Therrien mentioned he was not absolutely sure how his father invented the ring method to maintain coins.

“It’s inconceivable to deliver molds for each and every solitary coin which is been made, even the U.S. cash from the 1700s and 1800s right up until now,” Scott explained. “But, my father was equipped to occur up with four dimensions of holders. Within these holders, there is a ring which is black and white that has four distinctive openings to gauge for coins.”

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