HSM (company)

HSM is an American company globally manufacturing materials and components for transportation, furniture, bedding and other markets. The closely held, family-owned firm is based in Hickory, North Carolina where it was founded in 1944 by Parks Underdown as the "Hickory Springs Manufacturing Company."[2] In May 2013, the firm announced it was being rebranded as "HSM."[1]

HSM
HSM
TypePrivate
IndustryManufacturing
Founded1944
FounderParks Underdown
Headquarters
Hickory, North Carolina
,
U.S.
Area served
Worldwide
Key people
Mark S. Jones President and CEO
RevenueUndisclosed
Number of employees
2,500 (May, 2013)[1]
DivisionsTransportation, Furniture, Bedding, Diversified
Websitewww.hsmsolutions.com

The company operates 25 plants employing over 2,500 workers in 13 states.[1]

Overview

In March 2013, the company restructured into four business unit: transportation, furniture, bedding, and diversified markets.[3] On May 6, 2013, a rebranding initiative consolidated several brand names and divisions under the trade name HSM, standing for "High-value Solutions Manufacturing."[1]

The C.E. White Company was acquired in 2012 to add capabilities in bus seating.[4] A Corporate Innovation and Technology Center opened in 2012, offering R&D in advanced materials and manufacturing processes . In April 2013, the company broke ground for a 10,000-square-foot, $1.5 million foam technology facility in Conover, North Carolina.[5]

HSM produces value-added materials and discrete and integrated components, which include: polyurethane reticulated foam formulations, drawn wire, springs, formed metal products, and fiber components. Integrated component systems include transportation seating, motion mechanism systems, and bed builds.[6]

Leadership

Mark S. Jones, president and chief executive officer:[7]

References
  1. NCTechNews Manufacturing. Retrieved on June 3, 2013
  2. Dorothy Whitcomb, "Hickory Springs eyes innovation, diversification," BedTimes Magazine, March 2009. Retrieved on June 26, 2013
  3. "Hickory Springs restructures business units," BedTimes, March 2013. Retrieved on June 6, 2013
  4. "Hickory Springs acquires The C.E. White Co., City of Hickory North Carolina News, January 4, 2013.
  5. "Hickory Springs Breaks Ground on $1.5 Million Facility," RV Pro, April 26, 2013. Retrieved on June 19, 2013
  6. Hickory Springs Manufacturing Co., Inc.. Private Company Information, investing.businessweek.com
  7. "Series of Executive Level Changes at Hickory Springs Supports Corporate Restructuring," Furniture World, 3/14/2013. Retrieved June 24, 2013.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.