The present invention is directed to a tool holder convertible between storage and display configurations and a method of manufacture therefor. In one embodiment, the tool holder includes a flexible wrapper including first and second parallel major and minor edges and a fold line located between the first and second major edges. The first minor edge includes a first notch proximate a corner thereof. The tool holder also includes a first fastener including first and second portions located proximate the first and second minor edges, respectively, that is alignable in opposition to allow a coupling of the first and second minor edges.