As the story goes, while he was on the plane, Paxton was eating a package of complimentary nuts, and he realized he didn’t have a way to close them if he wanted to save some for later. As a solution, he took out a pen knife and hand-carved the first bread clip out of a credit card (in some tellings, it was an expired credit card)...
According to Whathen, Kwik Lok secured a patent on their little innovation in the early days of the company, and to this day, Kwik Lok remains one of the only manufacturers of bread clips in the world. Whathen says that the only other firm she’s aware of is a European competitor called Schutte. Kwik Lok also has the distinction of still being owned by Paxton’s descendants. Floyd’s son, Jerre, ran the company until his death in 2015, and today it is owned by two of Jerre’s daughters. “We’re still going strong,” says Whathen.
"Most of the World’s Bread Clips Are Made by a Single Company" (Atlas Obscura)
(image: DANIELGAMAGE/CC BY-SA 3.0)