News in Brief

New Owner for Osborne Coinage

Royal United Mint (RUM), the parent company of the Royal Dutch Mint and the Belgian Mauquoy Token Company, has acquired Osborne Coinage Co, based in Cincinnati, Ohio and the oldest private mint in the US. According to RUM, the acquisition will establish its presence in the US and make it the world leader in the production of base metal tokens and medals.

All three companies make virtually the same products, albeit with different production methods, techniques and capabilities. This acquisition, says RUM, will facilitate knowledge sharing, an expansion of the product range, as well as efficiency gains in production, sales and logistics.

The short term ambition is to converge the success formulae across all three companies. In the long term, Osborne Coinage will relocate to a modern building with an optimised production flow, following the example of the Royal Dutch Mint which moved to a more spacious, energy-efficient, highly secured and ultra-modern building in 2020.