HSM (business)

HSM (business)
HSM
Private
Industry Manufacturing
Founded 1944
Founder Parks Underdown
Headquarters Hickory, North Carolina, U.S.
Area served
 Worldwide
Key people
 Mark S. Jones />(President and CEO)
Revenue Undisclosed
Number of employees
 2,500 (May, 2013)[1]
Divisions Transportation, Furniture, Bedding, Diversified
Website www.hsmsolutions.com

HSM is an American company globally manufacturing discrete components and integrated solutions 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, Hickory Springs Manufacturing Company announced it was being rebranded as “HSM.” [1]

The company operates 50 plants employing nearly 2,500 workers in 17 states and is ranked as one of North Carolina's largest employers.[1] It also operates a plant in the Guanlan industrial park area of Shenzhen, China, that produces recliner mechanisms.[3]

Overview

In March 2013, President and CEO David Colburn announced the company was restructuring into four business units to support transportation, furniture, bedding, and diversified markets.[4] On May 6, 2013, a rebranding initiative consolidated several brand names and divisions under the trade name: HSM. The name refers to the company’s origins and the adoption of a business model offering “High-value Solutions Manufacturing.” [1] The name has been applied to four business units, which are operating as: HSM Transportation Solutions, HSM Bedding Solutions, HSM Furniture Solutions, and HSM Diversified Solutions covering healthcare, packaging, and government markets.

The restructuring and rebranding accompanied a shift in the business model from a components supplier to a provider of integrated solutions for existing and new customers.[1] Under Colburn, The C.E. White Company was acquired in 2012 to add capabilities in bus seating.[5]

A Corporate Innovation and Technology Center opened in 2012, offering R&D in advanced materials and manufacturing processes for customers in demanding markets. In April 2013, the company broke ground for a 10,000-square-foot, $1.5 million foam technology facility in Conover, North Carolina.[6]

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.[7]

Leadership

Executives:[8]

HSM Business Unit heads include:[4]


HSM Innovation & Technology heads include:

References

  1. 1 2 3 4 5 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 opens 1st China plant," Furniture Today, March 26, 2006. Retrieved on June 26, 2013.
  4. 1 2 "Hickory Springs restructures business units," BedTimes, March 2013. Retrieved on June 6, 2013
  5. ↑ "Hickory Springs acquires The C.E. White Co., City of Hickory North Carolina News, January 4, 2013.
  6. ↑ "Hickory Springs Breaks Ground on $1.5 Million Facility," RV Pro, April 26, 2013. Retrieved on June 19, 2013
  7. ↑ Hickory Springs Manufacturing Co., Inc.. Private Company Information, investing.businessweek.com
  8. ↑ "Series of Executive Level Changes at Hickory Springs Supports Corporate Restructuring," Furniture World, 3/14/2013. Retrieved June 24, 2013.

External links

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