Crane Currency history

The company's original mill had a daily output of 20 posts (1 post = 125 sheets). Shortly after, in 1806, Crane began printing currency on cotton paper for local, as well as regional, banks, before officially printing for the government.

In 1844 Crane developed a method to embed parallel silk threads in banknote paper to denominate notes and deter counterfeiting.

Tower, a native of Dalton would remain connected to the development of the company throughout his career, having gotten his first start in mill architecture working as an apprentice to rebuild Zena Crane's Red Mill in 1846.

In 1879 he managed to secure an order to manufacture US banknote paper – a great achievement for the then 26-year-old.

The Museum opened in 1930 after an extensive renovation, making it one of the oldest corporate museums in the country.

In 1960, Crane & Co. stationary presented an ad campaign intended to expand the use of written correspondence.

By the time Lanse Crane took over in 1995, revenues were down as much as 50 percent, and profit margins were shrinking.

The opportunity emerged in 2001 when Sweden’s Riksbank decided it could no longer handle its own currency production.

In 2002, Crane purchased the company Tumba Bruk from the Central Bank of Sweden (Riksbank) and operates this today as Crane AB.

In 2008, after a quarter-century of family ownership, private-equity firm Lindsey Goldberg acquired a 49 percent stake in the company for an undisclosed sum.

DeFalco took the helm of Crane in 2011, the third person outside the family to hold that position.

In 2015, Crane announced that it would be turning over its stationery division to employees via a "management buyout" by the end of December.

The "state-of-the-art" $100 million facility was announced on Wednesday, September 21, 2016 by Maltese Prime Minister Joseph Muscat.