SuzoHapp Acquires Coin Acceptors’ Primary Lines, Plans Global Push

Posted On: 4/11/2018

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MOUNT PROSPECT, IL — SuzoHapp reports that it has completed the acquisition of the primary currency and cashless product lines of Coin Acceptors (St. Louis, MO).

According to SuzoHapp, service for the entire Coinco product line in North America will continue to be provided by the existing Coinco service network, operated by Coin Acceptors Inc.
 
Coin Acceptors has grown into a world leader in the design and manufacture of payment solutions for the vending industry over the past six decades. Founded in 1958, Coinco led the way in product development to provide the market with a variety of versatile payment solutions including coin changers, bill acceptors, card readers and other cashless terminals. SuzoHapp said, "Some important new offerings will be added to the SuzoHapp portfolio, such as the Vantage VR6 note recycler and the iris line of cashless systems"

The strength of the Coinco brand has made it a success in the U.S. market.  SuzoHapp explained that it hopes to recreate that success in international markets by leveraging its substantial resources and global footprint, especially in Europe where it has a strong vending business.  

"This acquisition of the Coinco product lines is an important one for SuzoHapp, allowing us to provide our Vending customers a more complete, technology-driven global product offering," said Drew Scielzo, SuzoHapp's chief executive officer. "Under the leadership of Jack Thomas, Coinco earned a strong reputation in the marketplace for delivering innovative and reliable payments solutions. We look forward to carrying on that legacy.

 "We welcome the Coinco team to the  SuzoHapp group," he concluded.

As part of the acquisition, SuzoHapp has retained a number of key commercial, engineering and operations employees of Coin Acceptors, in order to assure excellent support to all new and existing customers.  One of these key commercial employees is Ron Manne, SuzoHapp's new vice-president of sales and marketing for the Coinco brand.

 "We are excited to become part of the SuzoHapp group," Manne said, "and we look forward to contributing to the company's future growth and continued success."