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Hickory Springs Sells Wood Fabrication Business & Enters Into Strategic Alliance With Precision Materials


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 opera ....

North Carolina , United States , Mark Jones , Scott Mchugh , Precision Materials , Hickory Springs Manufacturing Company , Uhs Manufacturing , Blue Ridge , வடக்கு கரோலினா , ஒன்றுபட்டது மாநிலங்களில் , குறி ஜோன்ஸ் , ஸ்காட் மகஂகூ , ப்ரிஸிஶந் பொருட்கள் , ஹிக்கரி நீரூற்றுகள் உற்பத்தி நிறுவனம் , ஹ்ஸ் உற்பத்தி , நீலம் ரிட்ஜ் ,