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 Engineering has 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.
The third generation of business owners, both Smith and Morris families, have pledged to continue the relationship that their grandfathers, Jay R. Smith of Smith Industries and Earl L. Morris of 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 Morris and Barrett Morris.
For the realigned Smith Industries, Don Morris will assume the role of chief executive officer of Smith Industries, Jay R. Smith Mfg. Co. division and the Canadian subsidiary. Jay L. Smith will 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.