- Mity-Lite
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Mity-Lite, Inc. Founded 1987 Headquarters Orem, Utah, USA Key people Randy Hales, CEO, President Products Folding tables
Folding chairs[1]
Banquet chairs
Stacking chairs
Portable dance floors
Staging
Partitions
Table & Chair CartsEmployees 250 Website mitylite.com Mity-Lite, Inc. is an American manufacturer of tables, chairs, portable dance floors, staging, and partitions.
Contents
Overview
Mity-Lite, Inc. is based in Orem, Utah, United States. Founded in 1987, Mity-Lite manufactures lightweight folding tables and chairs, including Aluminum, Madera Laminate, and Madera Plywood tables; banquet, stacking, and folding chairs; portable dance floors; staging; and partitions. [1] Mity-Lite employs about 250 people and has annual revenues of approximately US$60 million per year.[2]
As of 2011, the chief executive officer is Randy Hales.
History
In 1987, Mity-Lite founder Greg Wilson owned Church Furnishings, Inc, a company that made pews and other church furniture. He secured a US$1 million contract order with The Church of Jesus Christ of Latter-day Saints for a banquet table he had developed. However, Wilson lacked the financing to manufacture the table. After a deal with Samsonite failed, Wilson incorporated as MITY Enterprises, Inc., with US$500,000 from angel investors.[3]
In March 1994, MITY Enterprises went public, selling 900,000 shares of common stock at US$5.25 per share. The company was listed on the NASDAQ under the ticker symbol MITY.[3]
In July, 2007 Mity Enterprises merged with Sorenson Capital and Peterson Partners, both Salt Lake City-based private equity firms.[4]
Awards and recognition
In November 2009, Mity-Lite was awarded Manufacturer of the Year by Utah’s Manufacturing Extension Partnership.[5]
References
- ^ a b Wilhelm (2-18-11). "Mity-Lite's Strategic Recipe: Innovation, Market Savvy, Scalability". http://www.mitylite.com/assets/targetmagazine.pdf.
- ^ “Orem's Mity-Lite to settle claims it hired too many Pacific Islanders” The Salt Lake Tribune, 16 October 2009
- ^ a b “Mity-Lite Corporation: The IPO Process,” Marriot School of Business, Brigham Young University
- ^ "MITY Enterprises, Inc. to Be Acquired by Sorenson Capital and Peterson Partners for $21.50 Cash Per Share" Business Wire, 3 May 2007
- ^ Manufacturing Extension Partnership website
External links
Categories:- Companies established in 1987
- Furniture manufacturers
- Manufacturing companies based in Utah
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