The owner of Mustad, NLI Utvikling, now changes its name to Ard. By doing this the company wishes to focus on its effort to cultivate ownership. Ard aims to be the best owner of their companies. This change is a natural step in a long history, and comes as a result of substantial growth and expansion over the last 15 years. Ard means “plough”, and successful turnarounds are what Ard wants to be associated with.
The last building stage of the Wuxi fish hook plant in China completed. It is now the largest fish hook factory in the world.
O. Mustad & Sön AS is split into Mustad Longline, manufacturing products and equipment for mechanised longlining, and a separate real estate company, Mustad Naeringspark, which manages and develops Mustad’s large properties in Gjövik, Norway. International fish hook activities remain with O. Mustad & Sön.
Mustad opens a packing facility in the Dominican Republic to serve North American and South American markets. Ground-breaking ceremony in China, initiating production of fish hooks in Wuxi, the Jiangsu Province.
Mustad opens a new factory in Wuxi, China. First building stage completed.
Mustad opens an office in Miami, Florida, in order to better respond to the needs of the Latin American market.
The Mustad Group is split into three separate companies with independent Mustad family owners.
Mustad takes over Partridge of Redditch , an old well-established fish hook manufacturing company in the UK, which will continue to be marketed as a separate brand.
The Mustad Group sells out all its interests in the food production business. Production of margarine is phased out during 1996.
The hardware business in Oslo is closed down. The screw and self-service activites are sold. Opening of a shopping centre in Oslo.
New subsidiaries in the Philippines (1988), Brazil (1988) and Portugal (1989/91).
The production of nails in Oslo is sold.
The Mustad Group reorganises into three operating companies.
Fish hook factory built in Singapore. Expanded to
Malaysia in 1981.
The Mustad Group concentrates all its activities in the Oslo area, at Lilleaker (administration and production).