History

1914

Albert Schmid establishes an engineering workshop in Rapperswil

Heinrich Schmid, son of the founder takes over the business

First hydraulic fineblanking press is built

Feinstanz AG in Jona is founded

Construction of the assembly shop for fineblanking presses in Jona

Addition of production shop for precision fineblanked components in Jona

Inauguration of the four-storey multi-purpose building in Jona

Death of proprietor Heinrich Schmid

Schmid Group acquired by Maag Holding, Zurich

Schmid Group acquired by Hydrel AG, Romanshorn

Schmid fineblanking press manufacturing acquired by Feintool, Lyss

Feinstanz AG acquired by private investors

Feinstanz AG acquired by Federtechnik Kaltbrunn AG