Complex sentence: The dairy industry was a major component of the local economy from the late 1940s through 1995; and Sulphur Springs is home to the Southwest Dairy Museum which features artifacts on the history of the dairy industry.
Split into simpler sentences: The dairy industry was a major component of the local economy from the late 1940s through 1995. The Southwest Dairy Museum in the city features artifacts on the history of the dairy industry.