Abstract: A reel storage container comprising a body including a central post having a generally mushroom-shaped head; a cover having an elongate handle extending diagonally across its center; and a latching member mounted within the handle for longitudinal sliding movement between a release position and a latching position to which it is biased. The latching member will engage the mushroom-shaped head in its latching position, will cam around and engage the mushroom-shaped head when the body and cover are assembled, and is manually engageable through an opening in the handle so that the latching member can be manually moved to its release position to open the container.