Schneider brothers found Schneider Frères & Cie at Le Creusot
- When
- 1836
- Where
- Le Creusot
- Episodes
- 1
In 1836, brothers Adolphe and Eugène Schneider acquired bankrupt ironworks near Le Creusot in Burgundy. This acquisition established the foundation for what would later become Schneider Frères & Cie, marking the beginning of their industrial enterprise in the metallurgical sector.
Episodes
Background and detail
Background. Le Creusot is a commune and industrial town in the Saône-et-Loire department, in the region of Bourgogne-Franche-Comté in eastern France. Formerly a mining town, its present-day economy is dominated by metallurgical companies such as ArcelorMittal, Schneider Electric, and Alstom. It was here that the Schneider brothers established their industrial venture in the 1830s.
Acquisition of Ironworks. In 1836, Adolphe and Eugène Schneider purchased iron ore mines and forges around Le Creusot. This transaction involved taking over an existing iron foundry, which served as the basis for their new business venture. The acquisition marked the transition from a bankrupt state to a new corporate entity under the Schneider family's control.
People involved
- Adolphe Schneider · Co-founder and investor
- Eugène Schneider · Co-founder and investor
Sources
- Le Creusot Wikipedia, revision of 2026-07-31
- Schneider Electric Wikipedia, revision of 2026-10-05
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