International Match Corp. - Kreuger & Toll - 1927 or 1932 dated IMCO Stock Certificate
Inv# GS2211 Stock
Stock printed by American Bank Note Co. Kreuger & Toll was established on May 18, 1908, by two Swedish engineers, Ivar Kreuger and Paul Toll, with Henrik Kreüger serving as a consultant and chief engineer.
In early 1908, Ivar and his cousin Henrik Kreüger aimed to create a construction firm that would represent the US company Trussed Concrete Steel Co. in the Swedish market, promoting its innovative building techniques utilizing reinforced concrete. Concurrently, Henrik Kreüger introduced Paul Toll to Ivar. Consequently, Ivar decided to form the company with Paul, who possessed several years of hands-on experience in the construction sector as an engineer and later served as the site manager for the Swedish construction firm Kasper & Höglund AB.
The company was officially founded as a construction entity named Kreuger & Toll on May 18, 1908, by Ivar Kreuger and Paul Toll, with an initial capital of 10,000 SEK. The ownership structure was set at 60/40% (Ivar holding 60%), and profits were divided equally between Ivar and Paul. The initial funding was provided by banker Oscar Rydbeck, who became Ivar's primary banking contact and financial advisor until the infamous Kreuger crash in April 1932. On August 10, 1911, the company transitioned to a limited company, officially registered as Kreuger & Toll AB.
In 1917, Kreuger & Toll AB was split into two entities: (1) Kreuger & Toll Construction AB, managed by Paul Toll, and (2) the holding company Kreuger & Toll AB, overseen by Ivar Kreuger. During this period, Swedish Match was also established. Simultaneously, Kreuger began investing in various industrial firms, primarily within the Swedish industry. In 1923, Kreuger founded the holding company IMCO (International Match Corporation) in collaboration with Lee, Higginson & Co. in New York City. IMCO was responsible for managing the Kreuger match business across America, South America, and other regions outside of Europe.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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