Mity-Lite

MityLite, Inc.
Founded 1987
Headquarters Orem, Utah, United States
Key people
 John Dudash, CEO, President
Products

Folding tables
Folding chairs[1]


Banquet chairs
Stacking chairs
Portable dance floors
Staging
Partitions
Table & chair carts
Church furniture
Hotel furniture
Number of employees
 250
Website mitylite.com

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

Overview

MityLite, 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] MityLite employs about 250 people and has annual revenues of approximately US$60 million per year.[2]

John Dudash became chief executive officer and president in 2011.

History

In 1987, MityLite 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

  1. 1 2 Wilhelm (2011-02-18). "Mity-Lite's Strategic Recipe: Innovation, Market Savvy, Scalability" (PDF).
  2. ↑ “Orem's MityLite to settle claims it hired too many Pacific Islanders” The Salt Lake Tribune, 16 October 2009
  3. 1 2 “Mity-Lite Corporation: The IPO Process,” Archived 2013-06-23 at the Wayback Machine. Marriott School of Business, Brigham Young University
  4. ↑ "MITY Enterprises, Inc. to Be Acquired by Sorenson Capital and Peterson Partners for $21.50 Cash Per Share" Business Wire, 3 May 2007
  5. ↑ Manufacturing Extension Partnership website Archived 2010-04-28 at the Wayback Machine.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.