Canadian Bank Note buys BA printing facility for $10.2M

OBJ Contributor
Send to a friend

Send this article to a friend.

In its drive to expand, Canadian Bank Note has found a building that fits the bill.

BA International's Gladstone Avenue facility.

By David Sali

The Ottawa-based secure printer has purchased the former BA International printing facility on Gladstone Avenue, west of Preston Street, for $10.2 million, according to published real estate records.

Canadian Bank Note, which prints banknotes, passports, driver’s licences, stamps and other items for countries around the world, has simply run out of room at its main facility, spokesperson Judy Valz said.

The firm plans to move some manufacturing operations from its headquarters on Richmond Road. Ms. Valz would not say what would be produced or how many employees will work at the 121,000-square-foot Gladstone Avenue facility.

“We are hiring on a regular basis and our operations are growing,” she said. “We just need some additional manufacturing space.”

The company, which employs about 1,400 people worldwide, was Canada’s eighth-largest printer last year, according to Graphic Monthly Canada. It had sales of $225 million in 2011, up from about $173 million two years earlier.

Ottawa-based banknote printer BA International ceased operations at its Gladstone Avenue facility last year, citing the Bank of Canada’s move towards polymer currency. The high-tech bills are expected to last longer and reduce demand for new notes.

Organizations: Canadian Bank, BA, Bank of Canada

Geographic location: Gladstone Avenue, Ottawa, Preston Street Richmond Road Canada

  • 1
  • 2
  • 3
  • 4
  • 5

Thanks for voting!

Top of page

Comments

Comments

Recent comments

  • Howard Campbell
    July 26, 2013 - 09:36

    They are hiring and need a variety of skills. Hope you are enjoying summer. Kind regards, Howard

    • John R. Newell SR
      July 26, 2013 - 22:19

      I worked at the former British American Bank Note, which built these premises, from 1940 to 1987. When we moved from Wellington and Kent, now Bank of Canada, in 1947, my office was the first to move in with the letterpresses. Other equipment followed. I saw a great many changes to the products we produce, all of a monetary nature. I witnessed the many early trades persons' demise. BA was started in 1886, the year before our Confederation! When I started, I operated many old fashioned printing presses and then new designs as required for greater speed and features. I joined the RCAF during WWII and became a Pilot and Officer. While I served, the BA counted my years as their years and also paid me spending money up until I received my Commission! How about that for loyalty to their employees! After the War, I received many advancements in the Managerial ranks. 47 years of printing monetary products ie; started the lottery tickets and developed the scratch-off system, postage by steel plate and rotary steel/gravure, bonds of every description, stock certificates, our bill currency and for other countries, passports and the list went on and on throughout the succeeding years. Every day presented us with challeging new products and my job's days just flew by, all 47 years of them!