Crane & Co

Crane Co.

Currency titan Crane & Co., headquartered in Boston, is being sold for $800 million to a Connecticut company with a similar name. The company has strong ties to the Berkshires.

Money in pant's pocket
Flickr/Mike Schmid

Boston-based Crane Currency announced plans Wednesday to open a banknote printing and customer experience center in the Mediterranean country of Malta. WAMC spoke with the company’s CEO about the announcement and the state of global paper currency.

A rendering of Crane Currency Malta.
Crane Currency

Boston-based Crane Currency announced plans Wednesday to open a banknote printing and customer experience center in the southern European country of Malta.

This is a picture of a dumpster

The city of Pittsfield and a major area business are reviewing their options after a waste-to-energy facility announced plans to close next year.

This is a picture of former Massachusetts Governor Deval Patrick touring Crane Stationery's facility in North Adams, Massachusetts.
Jim Levulis / WAMC

Citing growing differences between the industries, Crane & Company has announced a plan to separate its stationery operations from the currency department. The stationery business will be run by current management and be owned by its employees.


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.

Money in a pants pocket
Flickr/Mike Schmid

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.

Jim Levulis / WAMC

The final member of Crane’s management bearing the company’s name is leaving the paper manufacturer.

Crane & Co. Unveils New Hydroelectric Turbine

Aug 28, 2013
Jim Levulis / WAMC

Paper manufacturer Crane & Co. is going back to its roots in Dalton, Massachusetts. 

Sen. Warren Wraps Up Berkshire Visit

Aug 5, 2013
Jim Levulis / WAMC

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.