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Lars Mikkelsen founded Mikkelsen Enterprises in 1974 to nationally market bulk packaging, folding cartons, and flexible packaging in the frozen food industry. He was instrumental in developing the concept for laminating material to form a 1-piece, 3-ply, corrugated bin. He named it the HPT (High Performance Tote), which is now a standard in the industry.

To accommodate the industry, the company added products such as spiral-wound corner posts, to reinforce the bin structure, and slip sheets. Its emphasis continued to be extraordinary customer service, networking and resourcing. It set specifications that are current today for excellent performance in bulk packaging.

Vendors over the years have included Container Corporation of America, Mobil, Crown Zellerbach, Inland Container, James River, Weyerhaeuser, Georgia Pacific, Willamette Industries, Lydall/Ludlow Coated Products, Newark Paperboard, Sonoco Products, Caraustar, International Paper, and Boise Cascade.

The company moved into the international market in the early 1980s. Lars's oldest son, Cliff Mikkelsen, joined the firm in 1994, bringing with him 15 years of broad experience in the food industry, which included packaging management, food processing, international sales and purchasing. It evolved into TOTECO Packaging Company LLC in early 1998, as an all-purpose supplier to its market. It is the only company selling bulk packaging to the food industry that provides multi-sourcing, companion products, distribution, warehousing, and extensive knowledge and networking.