Supriya Ghosh (Editor)

Waterlow and Sons

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Covid-19
Industry  Secure printing
Headquarters  UK
Successor  De La Rue
Defunct  2009
Founded  1810
Ceased operations  2009
Waterlow and Sons httpsuploadwikimediaorgwikipediacommonsthu
Former type  Private Limited Company
Fate  Acquired (1961) Dissolved (2009)
Products  Banknotes Postage stamps Stock and bond certificates

Waterlow and Sons Limited was a major worldwide engraver of currency, postage stamps, stocks and bond certificates based in London, Watford and Dunstable in England. The company was founded as a family business in 1810. It was acquired in 1961 by De La Rue.

Contents

Early history

Waterlow and Sons originated from the business of James Waterlow, who began producing lithographic copies of legal documents at Birchin Lane in London in 1810. The company gradually grew; it began printing stamps in 1852, and Waterlow' sons Alfred, Walter, Sydney and Albert joined the business. James Waterlow died in 1876, and the company became a limited-liability company. In 1877, due to a family dispute, the company split, and Alfred and his sons formed Waterlow Bros. & Layton. The two companies later reunited in 1920.

Portuguese banknote crisis

Waterlow's was involved in the Portuguese Bank Note Crisis of 1925. The Banco de Portugal sued Waterlow & Sons in the High Court in London because of counterfeiting. In one of the most complex trials in legal history, the case was finally settled in favour of the Bank in 1932.

De La Rue ownership

Waterlow's was acquired by Purnell and Sons in 1961, but Purnell sold Waterlow's segment that printed banknotes, postage stamps, traveler's checks, and bonds to De La Rue soon after.

In 2003 De La Rue acquired the banknote printing operations of the Bank of England, 75 years after Waterlow's had lost the business.

Waterlow and Sons Ltd was dissolved in January 2009.

References

Waterlow and Sons Wikipedia


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