Mity-Lite

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

MityLite®
Founded1987
Headquarters,
United States
Key people
Tony R. Smith, CEO
ProductsFolding tables
Folding chairs[1]
Banquet chairs
Stacking chairs
Outdoor tables
Outdoor chairs
Portable dance floors
Staging
Partitions
Table & chair carts
Church furniture
Hotel furniture
Pool and patio furniture
Number of employees
400+
Websitemitylite.com

Overview

MityLite® is a global manufacturer of commercial furniture. Based in Orem, Utah, MityLite is part of the MITY Incorporated family of product brands, which include Holsag, Bertolini, and Broda. MityLite manufactures and sells banquet chairs, folding tables, a sprung dance floor, folding chairs, stacking chairs, Chiavari chairs, outdoor furniture, and other event furnishings for the hospitality industry and other public spaces.[2]

MityLite's first product was the ABS plastic-top folding table, which features a unique design of an ABS plastic top and bottom surface bonded to a hardwood core frame.[3] In the mid-1990s, MityLite introduced steel and aluminum-framed banquet chairs with custom upholstery. The company’s banquet chair designs were honed over the next few years, eventually leading to MityLite’s patents for the FormFlex® seat base and the flex-back recline system.

In 2008-2009, MityLite designed and launched FlexOne® and MeshOne® folding chairs for offices, sports stadiums, and other public venues. Numerous patents for comfort-specific features were granted prior to the product launches.

An expansive outdoor furniture line called Vita was launched in 2022, featuring over 100 café tables, chairs, pool chairs, couches, sectionals, and other furnishings for resorts, restaurants, rooftop bars, and other upscale venues.

MityLite is an environmentally-friendly company and uses recycled content in all its ABS tables. Chairs and tables are Greenguard® Certified and most are fully recyclable.

Timeline

1987 — Founded by Greg Wilson in Orem, Utah with the original ABS folding table

1995 — Launched banquet chair & stacking chair lines

1999 — Launched SwiftSet® folding chair; ships 1,000,000th table

2006 — Launched Magnattach® portable dance floor

2008 — Launched MeshOne® folding chair

2009 — Launched FlexOne® folding chair

2011 — Launched Reveal linenless tables & 4 new banquet chairs

2012 — Launched MeshOne™ office folding chair

2017 — Acquired XpressPort Carts; expands Elevare & Tavolo product lines; new MityLite logo and website launched

2019 — Expanded Reveal linenless tables; introduced new CEO Tony R. Smith

2022 — Launched Vita Outdoor line for hotels, restaurants, and event venues

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.[4]

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.[4] In July 2007 Mity Enterprises merged with Sorenson Capital and Peterson Partners, both Salt Lake City-based private equity firms.[5]

Prospect Capital Corp. became the parent company of MITY in September 2013. Tony R. Smith was named CEO in April 2019.[6]

Awards and recognition

In November 2009, MityLite was awarded Manufacturer of the Year by Utah's Manufacturing Extension Partnership.[7]

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. "MityLite Takes on Millions in Business for 2020". August 5, 2020. Retrieved May 9, 2023.
  3. "MityLite Takes on Millions in Business for 2020". PR NewsWire. August 5, 2020. Retrieved March 6, 2023.
  4. “Mity-Lite Corporation: The IPO Process,” Archived 2013-06-23 at the Wayback Machine Marriott School of Business, Brigham Young University
  5. "MITY Enterprises, Inc. to Be Acquired by Sorenson Capital and Peterson Partners for $21.50 Cash Per Share" Business Wire, 3 May 2007
  6. Caraway, Amanda (April 24, 2019). "MITY Announces the Appointment of a New CEO". PR News Wire. pp. 1–2. Retrieved March 3, 2023.
  7. 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.