Decoding the Ownership Mystery- Who Really Controls the Canadian Bank Note Company-

Who owns the Canadian Bank Note Company? This question often arises as people seek to understand the history and current status of one of Canada’s oldest and most respected printing companies. The Canadian Bank Note Company, originally founded in 1900, has a rich heritage and has played a significant role in the country’s banking and security printing industries.

The Canadian Bank Note Company has undergone several changes in ownership over the years. Initially, it was a partnership between several prominent Canadian businessmen. In 1905, the company was reorganized as a public corporation, with shares traded on the Toronto Stock Exchange. This move allowed the company to expand its operations and increase its presence in the global market.

In 1999, the Canadian Bank Note Company was acquired by a private equity firm called Onex Corporation. This acquisition marked a significant shift in the company’s ownership structure, as it transitioned from a publicly traded entity to a private company. Onex Corporation, founded in 1987, is a Canadian-based investment firm known for its involvement in various industries, including financial services, telecommunications, and transportation.

Under Onex Corporation’s ownership, the Canadian Bank Note Company continued to grow and diversify its business. The company expanded its operations to include security printing, identification documents, and specialized printing services. This expansion allowed the company to cater to a wider range of clients, including governments, financial institutions, and private corporations.

Today, the Canadian Bank Note Company remains a key player in the global security printing industry. It is one of the largest producers of banknotes, passports, and other high-security documents worldwide. The company’s commitment to innovation and quality has enabled it to maintain its reputation as a leader in the industry.

The ownership of the Canadian Bank Note Company is a testament to the company’s resilience and adaptability over the years. As it continues to evolve, the company remains under the control of Onex Corporation, ensuring its continued growth and success. However, the company’s roots in Canadian history and its dedication to providing secure and reliable products make it a cherished institution within the country. So, when asked who owns the Canadian Bank Note Company, the answer is a private equity firm with a strong track record of supporting successful businesses.