Company Reaches Half-Century Mark Posting Its Most Profitable Year Ever
MIDLAND, Va. – Smith-Midland Corporation® will celebrate 50 years as an innovative developer and producer of a wide variety of precast concrete products with festivities for the community, investors, customers and employees later this month. Founded in 1960 by David G. Smith as the Smith-Cattleguard Co., the company began when its founder build the first concrete cattleguard for his father-in-law, who was tired of having to open and close the gate. The business started out as supplemental income to the family's 95-acre farm.
Half a century later, the company is now producing a wide array of precast concrete products that have been featured at high-profile events including more than one Presidential Inauguration.
"We are proud of our company's history and very excited about our future," said Rodney Smith, CEO and son of the company's founder. "Despite its humble beginnings, Smith-Midland has grown into a successful company that posted revenues of more than $29 million last year, the most profitable year in our history.
Customers and vendors are invited to visit the company's Midland plant, located at 5119 Catlett Rd., on May 14 from 1 p.m. to 6 p.m. The community, stockholders and employees past and present are invited to attend a celebration at the plant on May 15 from 10 a.m. to 6 p.m.
About Smith-Midland Corporation (Del.)
Smith-Midland Corporation (Del.) is a publicly traded company (OTC BB: SMID, SMIWC; Boston Stock Exchange: SMM, SMM/W). Smith-Midland (Va.) develops, manufactures and sells a broad array of precast concrete products for use primarily in the construction, transportation and utilities industries. Smith-Midland Corporation (Del.) has two manufacturing facilities located in Midland, Va., and Reidsville, N.C. Easi-Set® Industries, a wholly-owned subsidiary of Smith-Midland Corporation (Del.), licenses the production and sale of Easi-Set products and provides diversification opportunities to the precast industry worldwide. For more information, please call (540) 439-3266 or visit www.smithmidland.com.