In 1948, Williams sold 49% of his company to a Philadelphia distributor named Sam Stern, who became a vice president and took over much of the day-to-day running of the company. In 1959, Stern orchestrated a buyout of Williams by Consolidated Sun Ray, a New York retail conglomerate that operated drug stores and discount houses. Harry Williams left the company after the buyout of his company, which was renamed the Williams Electronic Manufacturing Corporation. In 1960, Harry Williams designed his last pinball machine for Williams, the horse racing-themed "Nags". The last game he designed for Williams was also one of the last electromechanical games, "Rancho" (1977).