SUZOHAPP Acquires Coinco Product Lines

SUZOHAPP acquires the primary product lines of Coinco, a global leader in the design and manufacturing of payment solutions

  • Acquisition significantly expands SUZOHAPP product portfolio
  • Brings a more complete, technology-driven solution to customers within the Vending industry
  • Enhances commercial, engineering and operational capabilities

Mount Prospect, Illinois – SUZOHAPP announced today that it has completed the acquisition of the primary currency and cashless product lines of Coinco, a world leader in the design and manufacturing of payment solutions for the Vending industry, based in St. Louis, Missouri.

Founded in 1958, Coinco led the way in product development, providing the market with a wide range of value-added payment solutions, including its well recognized coin changers, bill acceptors, card readers and cashless technology. 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 led to significant success in the U.S. market. SUZOHAPP hopes to recreate that success in the international markets by leveraging its significant resources and global footprint, especially in Europe, where SUZOHAPP has a thriving Vending business.  Service in N. America of the entire Coinco product line will continue to be provided by the existing Coinco service network, which will continue to be operated by Coin Acceptors Inc.

“This acquisition of these product lines is an important one for SUZOHAPP, allowing us to provide our Vending customers a more complete, technology-driven global product offering. 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,” said Drew Scielzo, SUZOHAPP CEO. “We welcome the Coinco team to the SUZOHAPP group.”  As part of the acquisition, SUZOHAPP has also hired key commercial, engineering and operational employees in order to provide excellent support to all new and existing customers.

 

One of these key commercial employees is Ron Manne, SUZOHAPP’s new Vice President of Sales & Marketing for the Coinco brand. “We are excited to become part of the SUZOHAPP group and we look forward to contributing to the company’s future growth and continued success,” said Manne.

See the SUZOHAPP PV archive here.

About the author

Yvonne Reynolds-Young

Planet Vending’s MD and Publisher is Yvonne Reynolds-Young. An island of corporate common sense surrounded by oceans of creative madness, Yvonne is the person to call if your intention is to make something happen. (She controls all the diaries and all the money, FYI). She’s also our Social Media Queen, single-handedly responsible for building PVs presence on LinkedIn, FaceBook and Twitter and thereby driving record volumes of traffic onto the site.

‘Customer service is my responsibility and it’s my job to make sure we’re always ahead of deadlines’ she says. ‘My background in big business means I speak the same language as our corporate clients and understand the particular pressures they face when working in the vending arena.’

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