In 1845, the Wallonian Jacques Piedboeuf, together with Hugo Jakob Talbot, Johann Leonhard Neuman and Theodor Esser, founded the steelworks OHG Piedboeuf & Co, Aachener Walz- und Hammerwerk; taken over in 1851 by Carl Rutz, which then continued as the Kommanditgesellschaft Carl Rutz & Co  Aachener Htten-Aktien-Verein Rothe Erde.
In 1845 the Wallonian Jacques Piedboeuf, together with Hugo Jakob Talbot and the mechanical engineers Johann Leonhard Neuman and Theodor Esser, founded the steelworks OHG Piedboeuf & Co, Aachener Walz- und Hammerwerk on the site of a former estate. It remained until being taken over in 1851 by Carl Ruetz, from which point it continued as the Kommanditgesellschaft Carl Ruetz & Co  Aachener Hutten-Aktien-Verein Rothe Erde. 
