Halfdan Magnus Mustad
Encyclopedia
Halfdan Magnus Mustad was a Norwegian businessman.
He was born in Vardal
as the son of Hans Mustad
and Marie Heyerdahl. On the maternal side he was a great-grandson of Hieronymus Heyerdahl
, and on the paternal side he was a grandson of Ole Hovelsen Mustad
, great-grandson of Hans Schikkelstad
, nephew of Kristian Mauritz Mustad
and cousin of Sigbjørn Mustad. Halfdan Magnus Mustad married Edle Smith in 1899, and the couple had several children. They settled at Lysaker
in Bærum
.
Together with his four brothers, he joined his father as co-owner of the company O. Mustad & Søn
in 1905. The company had been passed from his great-grandfather through the generations, and grown significantly since its beginnings in Vardal. In 1875 the company had expanded with a new factory at Lilleaker in Kristiania, followed in 1889 by a foundry at the same place as well as a new margarine factory. In addition, the company expanded abroad. When Hans Mustad died in 1918, his sons inherited the largest industrial company in Norway, with 2,000 domestic employees as well as several factories abroad. The expansion continued after 1918, and the company eventually became the world's largest producer of fish hooks. Despite the ownership change, the name O. Mustad & Søn was kept. For his work, Mustad was decorated with the Royal Norwegian Order of St. Olav in 1936, but he left as co-owner in 1959. After his death, O. Mustad & Søn was converted to a limited company
(1970) and split into different branches (1977 and 1997).
He was born in Vardal
Vardal
Vardal is a former municipality in Oppland county, Norway.It was created in 1837 as Vardal formannskapsdistrikt. According to the 1835 census the municipality had a population of 2,921...
as the son of Hans Mustad
Hans Mustad
Hans Mustad was a Norwegian businessperson. He was instrumental in shaping the company O. Mustad & Søn.He was born in Vardal as the son of Ole Hovelsen Mustad. He was a brother of Kristian Mauritz Mustad and uncle of Sigbjørn Mustad; both were jurists and politicians. Ole Hovelsen Mustad was a...
and Marie Heyerdahl. On the maternal side he was a great-grandson of Hieronymus Heyerdahl
Hieronymus Heyerdahl (1773–1847)
Hieronymus Heyerdahl was a Norwegian minister and politician. He was born in Aremark. He served as minister in Stjørdal from 1812, and in Gran from 1835. He represented Nordre Trondhjems amt at the Norwegian Constituent Assembly in 1814, together with Hans Christian Ulrik Midelfart and Sivert...
, and on the paternal side he was a grandson of Ole Hovelsen Mustad
Ole Hovelsen Mustad
Ole Hovelsen Mustad was a Norwegian businessperson and politician. He was instrumental in shaping the company O. Mustad & Søn, and served one term in the Norwegian Parliament....
, great-grandson of Hans Schikkelstad
Hans Schikkelstad
Hans Hansen Schikkelstad was a Norwegian businessperson and politician.He was elected to the Norwegian Parliament in 1833, representing the constituency of Kristians Amt. He served only one term....
, nephew of Kristian Mauritz Mustad
Kristian Mauritz Mustad
Kristian Mauritz Mustad was a Norwegian politician for the Liberal Party.He was elected to the Norwegian Parliament in 1883, representing the constituency of Kristians Amt. He was re-elected in 1886, 1889 and 1892....
and cousin of Sigbjørn Mustad. Halfdan Magnus Mustad married Edle Smith in 1899, and the couple had several children. They settled at Lysaker
Lysaker
Lysaker is a section of and a postal code area of the Norwegian municipality of Bærum, just west of Oslo.Geographically, it is bordered by Lysakerelven on the east, which also forms the border to Oslo; Fornebu to the south; Stabekk to the west; and Jar to the north...
in Bærum
Bærum
is a municipality in Akershus county, Norway. The administrative centre of the municipality is the town of Sandvika. Bærum was established as a municipality on 1 January 1838. A suburb of Oslo, Bærum is located on the west coast of the city....
.
Together with his four brothers, he joined his father as co-owner of the company O. Mustad & Søn
O. Mustad & Son
O. Mustad & Son A.S. is a Norwegian company that manufactures and sells fishing tackle and accessories since 1877. The Mustad product range includes fish hooks, multifilament and monofilament fishing lines, fishing lures, fishing flies, fly hooks, terminal tackle and fishing clothes...
in 1905. The company had been passed from his great-grandfather through the generations, and grown significantly since its beginnings in Vardal. In 1875 the company had expanded with a new factory at Lilleaker in Kristiania, followed in 1889 by a foundry at the same place as well as a new margarine factory. In addition, the company expanded abroad. When Hans Mustad died in 1918, his sons inherited the largest industrial company in Norway, with 2,000 domestic employees as well as several factories abroad. The expansion continued after 1918, and the company eventually became the world's largest producer of fish hooks. Despite the ownership change, the name O. Mustad & Søn was kept. For his work, Mustad was decorated with the Royal Norwegian Order of St. Olav in 1936, but he left as co-owner in 1959. After his death, O. Mustad & Søn was converted to a limited company
Limited company
A limited company is a company in which the liability of the members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. And the former of these, a limited company limited by shares, may be...
(1970) and split into different branches (1977 and 1997).