Furniture World News By Nic Ledoux on 6/1/2021
With the prevailing shortage of foam products coupled with rising prices impacting the industry, Hickory Springs Manufacturing Company (“HSM”) is promoting a variety of coil and fiber solutions that can be used in place of foam across different products to alleviate the challenges in producing upholstered furniture and mattresses.
“Since the crisis began, our research and development team has been working on new ways to incorporate more readily available coil and fiber solutions that can help our customers find alternative ways to keep up production while providing the same level of performance for their accounts. We have identified a number of good solutions that can be implemented relatively quickly to help our customers,” said Tim Witherell, vice president of HSM’s Bedding business. “Foam shortages continue to be an obstacle, but we have products that can help o
Furniture World News By Nic Ledoux on 4/5/2021
As part of its ongoing strategy to focus resources on its core business operations that offer distinct competitive advantages to its customers across a variety of market sectors, HS Manufacturing, LLC (“HS”), a wholly owned subsidiary of Hickory Springs Manufacturing Company (“HSM”), has sold its wood fabrication business to Precision Materials, LLC (“Precision”). Concurrently, HS has entered into a strategic alliance with Precision for the long-term supply of fabricated wood components for its businesses that serve customers in the bedding, furniture and transportation industries. The transaction closed on March 31, 2021.
The move will allow HS to source fabricated wood components more competitively by leveraging Precision’s core competency and far-reaching commodity purchasing relationships. As part of the transaction, Precision will assume operations at HSM’
Retail Furniture News: HSM Names Mark Strohmaier Senior Vice President, Markets, New position will oversee strategic market initiatives to drive growth & strengthen customer experiences.