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ACO is a spin-off from the venerable Carlshütte foundry, which is steeped in tradition, and was established in 1827 – almost 200 years ago – in Büdelsdorf near Rendsburg in Schleswig-Holstein. The Carlshütte was the very first industrial enterprise on the Jutland peninsula and, above all, the first ironworks in the whole of Denmark. The founder was the merchant Markus Hartwig Holler. He ran a flourishing timber business in Rendsburg, but wanted to build an iron foundry in Büdelsdorf.