Palaset is a Finnish company, which was founded in 1959 by the name MK-Tuote Oy. Their first product was a money bank made for a Nordic bank. The idea was to design and produce plastic money boxes for marketing campaigns of banks.
The company grew fast and started exporting products: in the end of the 1960s over 60 % of their turnover came from export. In the mid-1970s the company switched owner and today they concentrate on Desktop-products, coat hangers, shopping baskets and money boxes made under the Palaset brand.