In 1845, Franz Arnold Schmidt founded the company F.A. Schmidt in rural part of Remscheid called Morsbach, to manufacture tools, saws and knives made from steel. His son Carl Schmidt took over the prospering company, to be succeeded by his son Gustav Schmidt, who built the still existing factory building in 1908. His son Franz Arnold Schmidt II. Lead the company until 1966 and handed it over to his son Peter Schmidt, who managed to company in the 5th generation.

Sadly, Peter Schmidt passed away in 2019 at 76 years of age. For more than 50 years, he lead the company F.A. SCHMIDT very successfully. His son-in-law, Markus Feldhoff, who entered management in 2000, carries forward the ethos of five generations of the Schmidt family.