HSM (business)
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| HSM | |
| Private | |
| Industry | Manufacturing |
| Founded | 1944 |
| Founder | Parks Underdown |
| Headquarters | Hickory, North Carolina, U.S. |
|
Area served
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Worldwide |
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Key people
|
Mark S. Jones />(President and CEO) |
| Revenue | Undisclosed |
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Number of employees
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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[clarification needed] 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]
- Mark S. Jones, president and chief executive officer
- Jimmy Bush, senior vice president corporate development and home furnishings business unit
- Tony Everett, chief operations officer
- John Mayo, vice president general counsel
- Jim Packer, vice president human resources
- Valerie Reid, chief financial officer and corporate treasurer
- Don Simpson, corporate director administration
- David Underdown, senior vice president supply chain
- Dwayne Welch, executive vice president chief sales and marketing officer
HSM Business Unit heads include:[4]
- Tim Becker, vice president Diversified Solutions
- Todd Councilman, vice president Furniture & Bedding Solutions
- Chad Novak, vice president Transportation Solutions
HSM Innovation & Technology heads include:
- Gene Turbeville, director Corporate Innovation and Technology (CI&T)
- Bobby Bush, senior vice president Corporate Foam Technology
References
- ↑ 1.0 1.1 1.2 1.3 1.4 [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 opens 1st China plant," Furniture Today, March 26, 2006. Retrieved on June 26, 2013.
- ↑ 4.0 4.1 [4]"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.
