The paper mill in Tumba was built in 1755 to make banknote paper. The Bank of the Estates of the Realm – today Sveriges Riksbank wished to put an end to counterfeit banknotes. In the early days production was hampered by technical problems and lack of competence, a situation sorted out in 1758 when Dutch specialists where invited to help and reorganize the facilities and production. Today the paper mill is run by Crane Currency who bought it from the Swedish central bank in 2002.
In 2005 the Tumba Paper Mill Museum opened. The museum documents a more than 250-year old industry showing the history of paper and banknotes. The museum is part of the National Historical Museums.