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The Tranzonic Companies company history timeline

1946

Ace Cigarette was incorporated in 1946, by which time it was already one of America's largest cigarette vendors.

1961

1961: Company goes public and is renamed Ace Vending Co.

1970

Having surpassed many of his growth goals, Golden moved to Florida in 1970 and was succeeded by his son-in-law, Robert S. Reitman, that same year.

1971

By 1971, American Automatic Vending boasted over 20,000 vending machines in Ohio, Michigan, Indiana, Kentucky, and Florida and ranked among the top ten players in the industry.

1976

TRANZONIC FOUNDATION, 30195 Chagrin Blvd., was incorporated in 1976 by Tranzonic Companies, which manufacture and distribute paper, cloth, and vinyl products.

1982

In 1982, Chairman and CEO Robert S. Reitman decided to sell off AAV's traditional vending machine business, as well as its tobacco and candy wholesaling and food service operations.

1983

Wymor went on to become president of Cleveland Cotton Products, which formed the core of the parent company's Industrial Wiping Division, contributing over half of total annual revenues by 1983.

1983: AAV adopts the name Tranzonic Companies.

1989

The 1989 purchase of J.C. Baxter Co. formed the core of Tranzonic's industrial packaging division, which made spiral-wound paper tubes and cores for industrial and consumer markets.

1992

In 1992, Tranzonic bought Tambrands Inc.'s Maxithins sanitary pad business, giving the company a nationally recognized addition to its line of feminine hygiene products.

1997

Tranzonic acquired Unity Paper Tubes from Wyndeham Press Group plc in March of 1997.

Fiscal 1997 proved kinder to Tranzonic's bottom line as the company reported record sales and earnings.

1999

In April of 1999 Tranzonic, through subsidiary CCP Industries, acquired Spintex, a California-based maker and distributor of cleaning chemicals, washroom supplies, work apparel, and wiping cloths.

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Founded
1933
Company founded
Headquarters
Cleveland, OH
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