American Banknote (ABnote) Acquires Arthur Blank & Company

American Banknote Corporation, Fort Lee, N.J., parent company of ABnote Group, recently announced it has acquired Boston-based Arthur Blank & Company for an undisclosed amount of cash and stock. The transaction will result in combined sales of more than 2 billion cards.

The acquisition nearly doubles ABnote’s U.S. operations, and provides the worldwide ABnote Group access to Arthur Blank’s capabilities, high-volume capacity and intellectual property, along with the ability to offer new products throughout the six continents that it serves. Arthur Blank’s Stuart and Eric Blank will assume responsibility for ABnote’s entire North American plastic card operations, including the ongoing management of the company’s existing operations.