In 1836, the bankrupt Le Creusot forge was bought by Adolphe and Eugène Schneider, two young businessmen from a Lorraine family. The burgeoning railroads offered the metallurgy sector definite growth potential. Thanks to their connections and business acumen, the Schneider brothers were able to provide the impetus to get their factories off the ground. Four generations of master forgers followed in their footsteps until 1960.
When Adolphe died in an accident in 1845, Eugène took over sole control of the company. In addition to his successful business career, he pursued a political career at local and national level, becoming successively General Councillor, Member of Parliament, Minister and then President of the Legislative Body. He was succeeded in 1875 by his son Henri, followed by his grandson Eugène II in 1898 and his great-grandson Charles in 1942.