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Fellowes, Inc., today's leading shredder manufacturer, originally began with a chance meeting in an elevator between Harry Fellowes and Walter Nickel – two businessmen who worked in the same office building. Harry immediately learned that Nickels needed to sell his business, a start-up company that made corrugated boxes for storing bank records. Before the elevator reached the lobby, Harry purchased the business for $50, which later became known as the Bankers Box Company.

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