MityLite, Inc. is an American

manufacturer Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to ...

of tables, chairs, portable dance floors, staging, and other event furniture.

History

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 table A folding table is a type of folding furniture, a table with legs that fold up against the table top. This is intended to make storage more convenient and to make the table more portable. Many folding tables are made of lightweight materials to f ...

s, a sprung dance floor, folding chairs, stacking chairs,

Chiavari chair The Chiavari chair, also known as the Chiavarina, or Tiffany chair, is a wooden chair of Ligurian design.F. Casoni, J. Casoni, Le sedie leggere di Chiavari, De Ferrari, Genova 2011. History The Chiavarina was created in 1807 by a cabinetmaker f ...

s, outdoor furniture, and other event furnishings for the

hospitality industry The hospitality industry is a broad category of fields within the service industry that includes lodging, food and drink service, event planning, theme parks, travel and tourism. It includes hotels, tourism agencies, restaurants and bars. Sect ...

and other public spaces. The company 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 The Church of Jesus Christ of Latter-day Saints, informally known as the LDS Church or Mormon Church, is a nontrinitarian Christian church that considers itself to be the restoration of the original church founded by Jesus Christ. The ch ...

for a banquet table he had developed. However, Wilson lacked the financing to manufacture the table. After a deal with

Samsonite Samsonite International S.A. () is an American premium luggage manufacturer and retailer, with products ranging from large suitcases to small toiletries bags and briefcases. The company was founded in Denver, Colorado, United States. Its r ...

failed, Wilson incorporated as MITY Enterprises, Inc., with US$500,000 from Angel Investors.“Mity-Lite Corporation: The IPO Process,”
Marriott School of Business,

Brigham Young University Brigham Young University (BYU, sometimes referred to colloquially as The Y) is a private research university in Provo, Utah. It was founded in 1875 by religious leader Brigham Young and is sponsored by the Church of Jesus Christ of Latter-d ...

In March 1994, MITY Enterprises went public, selling 900,000 shares of

common stock Common stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently outside of the United States. They are known as equity shares or ordinary shares in the UK and other Comm ...

at US$5.25 per share. The company was listed on the NASDAQ under the

ticker symbol A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. In short, ticker symbols are arrangements of symbols or characters (generally Latin letters ...

MITY. In July 2007 Mity Enterprises merged with Sorenson Capital and Peterson Partners, both

Salt Lake City Salt Lake City (often shortened to Salt Lake and abbreviated as SLC) is the capital and most populous city of Utah, United States. It is the seat of Salt Lake County, the most populous county in Utah. With a population of 200,133 in 2020, th ...

-based private equity firms."MITY Enterprises, Inc. to Be Acquired by Sorenson Capital and Peterson Partners for $21.50 Cash Per Share"
''

Business Wire Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, ...

'', 3 May 2007 Prospect Capital Corp. became the parent company of MITY in September 2013. Tony R. Smith was named CEO in April 2019.

References

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External links

MityLite corporate website

Mity Inc. corporate website
Manufacturing companies established in 1987 Furniture companies of the United States Manufacturing companies based in Utah 1987 establishments in Utah Companies based in Orem, Utah