Northwest Territorial Mint, the world’s largest private mint, has acquired the historic Medallic Art Co. located in Dayton, Nev. Company officials at the Auburn-based company said they will strategically expand its capabilities with the acquisition and increase its value to customers.
Up to 100 jobs from the firm’s current south King County headquarters will move to Nevada to centralize production and assume operations of the acquired firm’s inventory, archives and 118,000-square-foot, state-of-the art minting facilities. The company will also make 75 to 150 local hires after a transitional period that probably begin in September.
“This is a truly a case of the sum being greater than its parts,” said Ross Hansen, CEO of Northwest Territorial Mint. “Combining the knowledge and prestige of Medallic Art with (our) proven minting expertise will allow us to be the clear choice for customers looking for world-class minted products.”
Hansen said he was impressed with the pro-business climate of Nevada and the willingness of the state’s elected officials to work with the company to make the deal work.
Northwest Territorial Mint now operates six locations across the country with the addition of the Medallic Art facility. The locations include the corporate offices and minting facility in Auburn, a die-cutting facility and sales office in Wisconsin, a sales office in Virginia and a retail store in The Pentagon.
Since 1984, Northwest has specialized in minting high-end commemoratives for the military and Fortune 500 companies.
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