Jay R. Smith Mfg. Co., a division of Smith Industries, will join the Acorn Engineering family of companies effective immediately.
Jay R. Smith Mfg. Co., a division of
Smith Industries, will join the Acorn Engineering family of companies effective immediately.
Acorn Engineeringhas also agreed to
own 50 percent of Smith Industries.
The name of the
company will remain Jay R. Smith Mfg. Co., a Division of Smith Industries Inc.
generation of business owners, both Smith and Morris families, have pledged to
continue the relationship that their grandfathers,Jay R. Smithof Smith Industries andEarl L. Morrisof Elmco Sales Inc. and
Acorn Engineering, established since 1954. Both families will be represented on
the new board of directors, including
Dr. Holly L. Roth,Debbie
Smith,Kristin Kahle,Randall MorrisandBarrett Morris.
For the realigned
Smith Industries,Don Morriswill assume the role of chief
executive officer of Smith Industries, Jay R. Smith Mfg. Co. division and the
Canadian subsidiary.Jay L. Smithwill continue as president and chairman of
the board of directors. The management teams of both Acorn Engineering and Jay
R. Smith Mfg. Co. will remain the same.
Source: Jay R. Smith Mfg. Co.
Jay R. Smith and Acorn Engineering Join Forces
June 16, 2010