A. O. Smith Corp. and Takagi Industrial Co. of Fuji-city, Shizuoka, Japan, announced the establishment of a joint venture to market and manufacture tankless water heaters in North America.
Jay R. Smith Mfg. Co., a division of Smith Industries, will join the Acorn Engineering family of
companies effective immediately. Acorn Engineering has also agreed to own 50%
of Smith Industries. The name of the company will remain Jay R. Smith Mfg. Co.,
a Division of Smith Industries Inc.
