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AMERICAN BANK NOTE HOLOGRAPH company history timeline

1891

By the end of the century, the company was supplying bank notes for 48 countries, and was also printing stock certificates, bonds, and checks, including the new "traveler's checks" introduced by American Express Company in 1891.

1925

Incorporated in 1925, B.T. Babbitt had begun as a seller of cleaning products.

1981

He undertook a $55 million capital spending program and by 1981 he had cut long-term debt nearly in half.

1982

The company also experimented with holography, developing the Holoprint in 1982.

1984

The picture, only 300 millionths of a centimeter thick, was the first holograph to appear in a national periodical. Its first customers included Visa and Mastercard, Hallmark, and National Geographic, with the company producing a 3-D eagle for the cover of the March 1984 issue.

1989

In 1989 a proxy fight for control of International Banknote's board was averted when International agreed to merge with United States Banknote for $104 million.

1991

The breakup of the Soviet Union in 1991, and the resulting start-up stock exchanges, offered Banknote new opportunities.

1993

In 1993 the company bought Brazilian security printer Thaomas De La Rue Grafica e Servicos Ltda., for $45 million.

1995

Revenues for 1995 dropped slightly to $206 million, and the company was in the red for a second year.

1998

Trying to Raise Money: 1998

Banknote and Holographics announced they each would have to restate earnings for portions of 1998 (before and after Holographics' IPO) because of questions regarding overstatement of revenues and net income by Holographics.

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Founded
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Headquarters
Robbinsville, NJ
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