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The E-Sylum: Volume 12, Number 30, July 26, 2009, Article 7

MEDALLIC ART COMPANY HAS A NEW OWNER

Dick Johnson submitted this news item about his former employer, Medallic Art Company. -Editor
Medallic Art Company logo For the sixth time in its 103-year history Medallic Art Company has a new owner. Ross Hansen, who had built the largest private mint in America over the last 25 years in Auburn, Washington -- Northwest Territorial Mint -- has purchased the Medallic Art firm of Dayton, Nevada, from Robert Hoff on July 10. The purchase agreement was announced this week.

The new owner plans to move all his operations to Dayton, Nevada. The building there, a one-time plastic manufacturer before Bob Hoff occupied it in 1999, is ample size. Hansen plans to move 200 of his employees from Auburn to Nevada, and retain 16 of Medallic Art’s existing employees. He also will move 300 pieces of equipment to consolidate all of his operations in the Dayton plant.

Here is a list of the owners of Medallic Art Company over last century:

1906-1909 -- From the first medal struck in 1906 the first owners were the Deitsch Brothers. They employed Henri Weil who obtained the first Janvier die-engraving pantograph in France and imported it to America.

1909-1929 – Henri Weil and brother Felix Weil purchase the Janvier machine and the name Medallic Art Company from Deitsch Brothers and operate the firm for two decades.

1929-1960 – The Weils sell controlling interest in Medallic Art Company to Clyde Curlee Trees, who they had hired in 1919 to operate the business, but they agree that one brother will be on hand at all time. That suits them well as it gives each brother a six-month vacation every year, often returning to their native France.

1960-1972 -- On Trees death ownership passes to three owners: Trees' nephew, William Trees Louth, his widow, Frances Kimberle Trees who had been active in the firm, and his oldest employee, Julius Lauth. Bill Louth assumes the presidency and oversees a four-man sales staff, Mrs. Trees becomes the firm’s treasurer in charge of the office staff, and Lauth (no relation to William, spelled differently) becomes vice president, art director and in charge of all production. Under the triumvirate the firm flourishes.

1972-1989 – The three owners sell to a group of investors headed by Donald Schwartz, who built a new plant in Danbury, Connecticut, but business declines after the 1976 American bicentennial and the new owners are unable to keep the firm viable.

1989-2009 – The firm is acquired by Robert Hoff, of Tri-State Mint, in Sioux Falls, South Dakota, who in 1997, moves the firm to Dayton, Nevada.

2009 – Medallic Art Company is acquired by Ross Hansen, of Northwest Territorial Mint, of Auburn, Washington, who relocates all production facilities to Dayton, Nevada.

To visit the Medallic Art Company web site, see: www.medallic.com



Wayne Homren, Editor

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