Complex sentence: His heirs sold the Tostrup & Mathiesen company to the Mathiesen family in 1892, and it was subsequently renamed Mathiesen Eidsvold Værk, and much of the company is today continued under the name Moelven Industrier.
Split into simpler sentences: His heirs sold the Tostrup & Mathiesen company to the Mathiesen family in 1892. It was subsequently renamed Mathiesen Eidsvold Værk, and much of the company is today continued under the name Moelven Industrier.