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The company website provides the following history:
Having established a pharmaceutical chemist shop in 1856, Thomas James Smith entered into partnership with his nephew, Horatio Nelson Smith, in 1896 to form T J Smith and Nephew. The pair worked on developing medical dressings and saw their business expand between 1914 and 1918 to meet the needs of the military during the First World War. During the 1920s, the company began to develop Elastoplast plasters and, through subsequent acquisitions, have gone on to occupy a significant position in the medical market. The organisation currently operates four Global Business units across thirty-two countries: Orthopaedic Reconstruction and Trauma; Endoscopy; Advanced Wound Management; and Biologics.
Information available at http://www.global.smith-nephew.com/master/our_history_early_history_6184.htm and http://www.global.smith-nephew.com/master/about_us_what_we_do_1205.htm (accessed October 2010).
The Smith & Nephew UK Pension Fund was established in October 1961, and is open to permanent employees with at least three months service and who are over the age of 21. Benefits of the scheme include life assurance protection, a pension based on final pensionable earnings, and the opportunity to make Additional Voluntary Contributions.
Information taken from Smith and Nephew UK Pension Fund: Your Future Security (LMA/4557/01/002).