Mity-Lite

MityLite, Inc. is an American manufacturer of tables, chairs, portable dance floors, staging, and partitions.

MityLite®
Founded1987
Headquarters
Orem, Utah
,
United States
Key people
Tony R. Smith, CEO
ProductsFolding tables
Folding chairs[1]
Banquet chairs
Stacking chairs
Portable dance floors
Staging
Partitions
Table & chair carts
Church furniture
Hotel furniture
Number of employees
300
Websitemitylite.com

Overview

MityLite® is based in Orem, Utah, and is part of the MITY Incorporated family of product brands. MityLite is a global manufacturer of professionally designed, highly durable furniture products. An award-winning manufacturer of meeting, event, and banquet furniture for 30 years. MityLite furniture products are trusted worldwide.


MityLite is known for manufacturing ABS plastic folding tables, steel and aluminum banquet chairs, FlexOne® and MeshOne® folding chairs, Magnattach® portable dance floors, stages and partitions, carts, and linenless banquet tables.

In March 1994, MITY Enterprises went public, selling 900,000 shares of common stock at $5.25 per share. The company was listed on the NASDAQ under the ticker symbol MITY.[2]

In July 2007, Mity Enterprises merged with Sorenson Capital and Peterson Partners, both Salt Lake City-based private equity firms.

Prospect Capital Corp. became the parent company of MITY in September of 2013. Christopher Galbraith was named as president of MITY in December of 2018 and Tony R. Smith was named CEO in April of 2019.

History

MityLite® was founded In 1987 by Greg Wilson, who owned Church Furnishings, Inc, a company that made pews and other church furniture. He secured a $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.[2]

In July 2007 Mity Enterprises merged with Sorenson Capital and Peterson Partners, both Salt Lake City-based private equity firms.

Prospect Capital Corp. became the parent company of MITY in September of 2013. Christopher Galbraith was named as president of MITY in December of 2018 and Tony R. Smith was named CEO in April of 2019.

Awards and recognition

In November 2009, MityLite® was awarded Manufacturer of the Year by Utah’s Manufacturing Extension Partnership.[4]

References
  1. Wilhelm (2011-02-18). "Mity-Lite's Strategic Recipe: Innovation, Market Savvy, Scalability" (PDF). Archived from the original (PDF) on 2011-10-09. Retrieved 2011-06-10.
  2. "MITY Enterprises, Inc. to Be Acquired by Sorenson Capital and Peterson Partners for $21.50 Cash Per Share" Business Wire, 3 May 2007
  3. “Mity-Lite Corporation: The IPO Process,” Archived 2013-06-23 at the Wayback Machine Marriott School of Business, Brigham Young University
  4. Manufacturing Extension Partnership website Archived 2010-04-28 at the Wayback Machine
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