Sigval Bergesen d.y. retired in 1976 at the age of 83. The control of his company went to Jacob E. Jacobsen and Sigval Bergesen d.y.'s grandsons Morten Sigval Bergesen and Petter C. G. Sundt. Jacob E. Jacobsen had been with the company since the very start while both grandsons were made partners a year before taking over the leadership. Sigval Bergesen d.y. passed away on 7 May 1980 at the age of 87.
