In 1858, he established an agency for a number of distilleries in Scania and Blekinge as well as a modern facility on Reimersholme.
The distilleries Smith installed there made him rich by producing spirits with an unusually low fusel alcohol value.
The most well known was the tiodubblat renat ('ten times purified') which ran the communal distilleries out of business.
He sold the product from the Fjäderholmarna islands, from which he had boats transport the alcohol to Stockholm.
In 2011, a memorial stone was erected in Kiaby, the village where Smith was born.