At the beginning of February 2007, the American A. Finkl & Sons Group, based in Chicago, was purchased.
With this move, the Schmolz + Bickenbach Group became the world's largest producer of tool steel.
Within the scope of a capital increase, the shares of Schmolz + Bickenbach KG to the AG, fell in 2010 from 70% to almost 40%.
In spring 2013, a possible capital increase was announced following a group loss of EUR 157.9 million for the 2012 financial year.
[1] CEO Benedikt Niemeyer and CFO Axel Euchner left the company in June 2012 due to dissonances.
In August 2013 Schmolz + Bickenbach KG allied itself with Russian oligarch Viktor Vekselberg and sold a share of 25.3% of its company to Renova Group, through its subsidiary Venetos.
An unusual General Meeting of Shareholders in September 2013, approved a capital increase of EUR 430 million for Venetos and Schmolz + Bickenbach KG in accordance with their company's participation, and reassignment of the Board of Directors.
However, Liwet Holding as an opposing shareholder blocked the registration of the new shares at the corresponding offices in Lucerne.