Complex sentence: Anthony Hill, a later owner, adopted the Bessemer process died in 1862, at which point the company was taken over by Fothergill, Hankey, and Bateman until its closure in 1882.
Split into simpler sentences: Anthony Hill, a later owner, adopted the Bessemer process. On his death in 1862, the company was taken over by Fothergill, Hankey, and Bateman until its closure in 1882.