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’s Blue Ridge facility located in Hickory, North Carolina, where the fabricated wood components are currently manufactured, along with some of HS’ bedding and fabricated foam components.