Trade Name: | HSM |
Industry: | Manufacturing |
Founder: | Parks Underdown |
Foundation: | 1944 |
Location City: | Hickory, North Carolina |
Location Country: | U.S. |
Area Served: | Worldwide |
Key People: | Mark S. Jones |
Revenue: | Undisclosed |
Num Employees: | 2,500 (May, 2013)[1] |
Divisions: | Transportation, Furniture, Bedding, Diversified |
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]
The company operates 25 plants employing over 2,500 workers in 13 states.[1]
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]
Mark S. Jones, president and chief executive officer:[7]