Berkshire-based Crane & Company has announced the sale of its technical materials division to a Georgia-based company.
The Dalton-based papermaker says its two mills in Pittsfield will stay open and all of the roughly 100 employees will remain. Neenah Paper Inc. will pay $72 million for the business. Bill McCarthy is Neenah’s vice president of financial analysis and investor relations.
While people are usually worried about putting money in their pants pockets, what about putting your pants into money?
“It was a good product while it lasted,” said Jerry Rudd.
Rudd is the general manager of global sourcing for Crane. Headquartered in Dalton, Mass., the paper manufacturer has been the sole supplier of U.S. currency paper since 1964, something it started doing in 1879. Rudd explains how a trademark of American fashion was also part of another American cornerstone, our money.
Doug Crane holds the frame containing two $2 bills given to him by the U.S. Bureau of Engraving and Printing as a celebration of his departure from the company. The bills' serial numbers correspond with his birthday.
U.S. Senator Elizabeth Warren wrapped up her trip across Massachusetts in the western part of the state today. The Democratic Senator’s visit included a tour of defense manufacturer General Dynamics’ site in Pittsfield. Senator Warren says the plant is making innovative gains in military manufacturing and research to save the country money while still keeping it safe.