Management Team Involved in a Buyout of APG Cash Drawer

Minneapolis, Minnesota. October 9, 2008

The management team of APG Cash Drawer, in conjunction with a local investor, has purchased the assets of APG from the original owner UMI Company, Inc. UMI has held APG in its portfolio since its inception, more than 30 years ago. The management team believes this ownership change will facilitate growth, expansion, and will further enhance APG’s position as the Recognized Leader in the cash drawer industry. “The APG team is excited about this opportunity to continue to create and deliver superior value to our customers around the world”, says Mark J. Olson, President. “We would like to thank our customers and suppliers for the trust and confidence they have placed in us and our products. They have helped fuel our growth into the company we are today.” With many new products in development and rapid fulfillment capabilities recently added in Europe, APG continues to look to the future. The new company, APG Cash Drawer, LLC., remains committed to providing high quality products and services to our customers worldwide.

About APG Cash Drawer, LLC

APG manufactures a broad range of high-quality cash drawers and other related products for thousands of customers throughout the world. During its 30 year history, APG has built a reputation as the supplier of choice for highly durable and dependable cash drawers.


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By Stephen Bergeron

V.P. of Sales & Marketing North America
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