on 22 may 1891 a new company was founded named nederlandsche fabriek van werktuigen en spoorwegmaterieel. (in dutch: dutch factory for tools and rolling stock). it bought all assets of its predecessor for 1,500,500 guilders, of which 920,500 went to a mortgage on the grounds of the factory. on 1 june 1891 c.h. strumphler started as new ceo. the supervisory board was formed by: l. serrurier of the municipal government of amsterdam, c.t. stork member of the dutch senate, jacob theodoor cremer and w.j. geertsema of the house of representatives, and two members representing a dutch railroad: j.a. roessingh van iterson of the hollandsche ijzeren spoorweg-maatschappij and h.j. nivel of the maatschappij tot exploitatie van staatsspoorwegen