Smart Solutions For Nearly A Half Century
Founded in 1954, Greenwald Industries helped create and nurture what is known today as the coin-operated laundry industry, an industry unheard of before World War II. While laundries still represent our largest customer base, we have broadened that base by developing coin vending applications for other markets and, most recently, by expanding our expertise into smart card technology and applications.
The Baby Boom Industry
At the outset of the commercial laundry business, operators had to purchase ordinary washers and dryers, then order and install coin-operating equipment on site. Greenwald was instrumental in convincing several washer and dryer manufacturers to make special units for commercial laundries. And with that, an industry was born.
To this day, we are proud to have among our customers and partners such well-known companies as General Electric, Maytag, Speed Queen and Whirlpool. Because of our combined efforts, the coin operated laundry industry has flourished, providing a valuable service to consumers across the land who, at one time or another, need common laundry facilities.
From the start, Greenwald products have been widely respected for their quality, durability and dependability. In addition to the well known laundry application, you can find them in the dispensing of postage stamps, variety stickers in arcades and luggage carts in airports, to name just a few of the more familiar applications.
Responding To Changing Times
In recent years, Greenwald has implemented the principals of "lean thinking" to re-engineer our operations and improve all aspects of the way we deliver our products and services to our customers.
Greenwald has its roots in Brooklyn, N.Y., where the company operated for more than 40 years. In 1996, we moved to a larger, more modern facility in Chester, Conn., on the banks of the Connecticut River. Joining us at our new facility were many of the same employees who had helped the company grow and prosper in New York.
At the same time, Greenwald embarked on an exciting revitalization of our product line, accomplished through the acquisition of Intellicard, Ltd., an innovator of Smart Card payment systems. Smart Card technology, used extensively in Europe and other parts of the world, is spreading throughout the United States through the initiatives of companies such as Microsoft, American Express and Visa, to name a few.
Greenwald's initial focus for its Smart Card product line is naturally in the coin-operated laundry market, but the expertise we have developed in this new technology will carry the company into new and exciting markets in the years to come.
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