Carnation Enterprises LLC
- Founded
- 2004-01-01 in Illinois, USA
- Headquarters
- Bartonville, Illinois, United States
Carnation Enterprises LLC is a privately held manufacturer and distributor of currency processing equipment, serving retail, banking, and gaming sectors since 2004. Headquartered in Bartonville, Illinois, the company specializes in high-accuracy bill counters, mixed-denomination money counters, counterfeit detection systems, check scanners, and banknote sorters/recyclers. Its products claim up to 99.999% counting accuracy and are used by central banks including the Federal Reserve and European Central Bank. Carnation markets through a dealer network and direct e-commerce, primarily to US customers but also internationally. With a team of 11–50 employees and over two decades of experience, the company positions itself as a service-oriented alternative to larger competitors, offering lifetime software updates and US-based technical support. Founder Simeon Khazin leads as CEO and Chief Enabling Officer, with a leadership team covering technology, operations, logistics, marketing, and social media.
Detailed Review
History and Founding
Carnation Enterprises LLC was founded in 2004 in Illinois as a niche provider of cash-handling technology for small and medium-sized businesses. Over the years, it expanded its catalog to include high-speed sorters, recyclers, and banding machines, and developed multilingual, voice-adapted models such as the CR1300S for accessibility. The company has not publicly disclosed any venture capital or funding rounds, and its ownership remains private. It has maintained a low-profile media presence but actively participates in industry trade shows.
Business Model
Carnation operates as a manufacturer and distributor, selling directly through its e-commerce platform and via a dealer network. Its dealer-partner program offers free marketing support with no locked-in contracts. The company generates revenue from hardware sales, software updates (included for life), and warranty services covering parts and labor. Its primary market is the United States, but it also exports to financial institutions worldwide.
Products and Market Position
Carnation’s product line includes bill counters, mixed-denomination money counters, counterfeit detectors using UV, MG, and IR sensors, check scanners, currency sorters (e.g., CR1300S adapted for visually impaired users), and recyclers/banding machines. The company’s devices claim up to 99.999% counting accuracy and are deployed by central banks such as the Federal Reserve and the European Central Bank, as well as casinos and retail chains. While not exclusively a gaming-industry supplier, its equipment is widely used in casino cages and cash-handling rooms. Carnation competes with larger players by emphasizing responsive warranty coverage, lifetime software updates, and US-based technical support.
Leadership
The executive team, as listed on Carnation’s website, includes Founder & CEO Simeon Khazin (also titled Chief Enabling Officer), Head of Technology Toby Ethington, Head of Operations Carina Singh, Head of Logistics Lynn Liu, Head of Marketing Imaan Sha, and Head of Social Hannah Kerchhoff. No independent sources confirm a CCO, CFO, or other C-suite roles beyond these.
Key Products
Bill Counters
High-speed single-denomination counters with counterfeit detection.
Mixed Denomination Money Counters
Multi-currency counters that automatically total mixed-value stacks.
Counterfeit Detectors
Machines using UV, MG, and IR sensors to identify fake notes.
Check Scanners
Devices for scanning and capturing check images and MICR data.
Currency Sorters (e.g., CR1300S)
Sort banknotes by denomination; the CR1300S is voice-adapted for visually impaired users.
Recyclers / Banding Machines
Equipment that counts, validates, and straps bundles for teller cash management.
Cash Handling Software
Firmware and interface software for tracking counts, generating reports, and integrating with POS systems.
Offices & Headcount
30 employees (approx.)
Key Persons
Simeon KhazinFounder & Chief Executive Officer