After the dissolution of the Sharps Rifle Co. in 1881, Borchardt returned to Budapest where he was employed by Fegyver és Gépgyár Részvénytársaság and by 1890 gained the position of works director.
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Loewe's armaments company was famous in that it held a controlling interest in Waffenfabrik Mauser so was able to reap financial success from the C96 pistol when Loewe's own Borchardt semi-automatic pistol, designed by employee Hugo Borchardt, was not selling well.