As time (and cash) goes by: A history of the Canadian Bank Note company

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A brief history of the Canadian Bank Note Co.​

1897: Company established as a branch operation of American Bank Note Co. Appointed by Canadian government to supply banknotes and stamps;

1910: Company formally incorporated;

1973: American Bank Note sells 60 per cent of company to Ottawa businessman Charles Worthen;

1976: Douglas Arends and business partners acquire control from Worthen. Douglas would eventually own 100 per cent;

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1981:Canadian Bank Note purchases McAra Printing of Calgary;

1981: Establishes lottery systems unit;

1982: Acquires a plant in Ogdensburg, N.Y., to supply stamps to U.S. Postal Service;

1987: Government phases out $1 bill in favour of coin;

1991: After the fall of the Soviet Union, wins big contract to supply currency to Ukraine;

1993: Lists shares with Toronto Stock Exchange in $61.9 million initial public offering;

1994: Ronald Arends joins firm as chief operating officer;

1995: Government phases out $2 bill in favour of coin;

2004: Douglas reacquires 100 per cent of company;

2011: Bank of Canada introduces polymer currency manufactured by Canadian Bank Note and BA International;

2012: BA International exits Canadian currency market;

2013: Canadian Bank Note secures $396 million contract to supply Bank of Canada until 2022;

2014: Company wins New Zealand banknote contract;

2016: Canadian banks announce partnership with Apple Pay to allow payments with smartphones.

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