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Mystic Stamp

Mystic Stamp

The Sundman family grew, too, as Maynard and Fannie welcomed three sons. In 1974, Maynard purchased Mystic Stamp Company from his old friend Lawrence Shaver. He then recruited his son Don to serve as the new company President. Only 19 at the time, Don quickly realized the company didn't have enough stamps - or the right stamps - and began restructuring the company in a way that provided the best products and service to its customers. Taking a cue from his father's success, Don advertised in catalogs, newspapers and magazines, as well as introducing Mystic customers to the popular approval service. Over the years, Mystic purchased the wholesale dealer Ben-Art Stamp Company and Littleton's stamp stock after that company decided to focus on coins. A few years later, Mystic purchased the International Collector's Society, Morville Worldwide Stamp Packets, and Fleetwood, the world's premier First Day Cover producer. Along the way, Mystic's staff of 150 and inventory had outgrown its home and the company moved to a brand-new 50,000 square foot facility. To serve its rapidly expanding customer base, Mystic spends several million dollars each year to purchase stamps - $72 million in the past 5 years alone. mystic's building smaller

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About Mystic Stamp

Estimated Revenue

$10M-$50M

Employees

11-50

Funding / Mkt. Cap

$1M

Category

Sector

Catalog and Mail-Order Houses

Industry Group

Nonstore Retailers

Industry

Paper & Forest Products

Location

City

Camden

State

New York

Country

United States

Tech Stack (81)

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