HSM (company)
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HSM (company)
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." In May 2013, the firm announced it was being rebranded as "HSM." The company operates 36 plants employing over 2,500 workers in 15 states. Overview In March 2013, the company restructured into four business unit: transportation, furniture, bedding, and diversified markets.
Hickory Springs restructures business units," BedTimes, March 2013. Retrieved on June 6, 2013
On May 6, 2013, a in ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Manufacturing
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final p ...
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Hickory, North Carolina
Hickory is a city located primarily in Catawba County, with formal boundaries extending into Burke and Caldwell counties. The city lies in the U.S. state of North Carolina. At the time of the 2020 census, Hickory's population was 43,490. Hickory is the principal city of the Hickory–Lenoir–Morganton Metropolitan Statistical Area, in which the metro population at the 2020 census was 365,276. Hickory is located approximately northwest of Charlotte, North Carolina. History The origin of Hickory's name stems from a tavern made of logs beneath a hickory tree during the 1850s. The spot was known as "Hickory Tavern." In 1870, Hickory Tavern was established as a town. Three years later in 1873, the name was changed to the Town of Hickory, and in 1889 to the City of Hickory. The first train operated in the area of Hickory Tavern in 1859. The first lot was sold to Henry Link for $45.00 in 1858. His house is now known as "The 1859 Cafe", a restaurant (closed in 2011). The community ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Restructuring
Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Other reasons for restructuring include a change of ownership or ownership structure, demerger, or a response to a crisis or major change in the business such as bankruptcy, repositioning, or buyout In finance, a buyout is an investment transaction by which the ownership equity of a company, or a majority share of the stock of the company is acquired. The acquiror thereby "buys out" the present equity holders of the target company. A buyout .... Restructuring may also be described as corporate restructuring, debt restructuring and financial restructuring. Executives involved in restructuring often hire financial and legal advisors to assist in the transaction details and negotiation. It may also be done by a new CEO hired specifically to make the d ...
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Rebranding
Rebranding is a marketing strategy in which a new name, term, symbol, design, concept or combination thereof is created for an established brand with the intention of developing a new, differentiated identity in the minds of consumers, investors, competitors, and other stakeholders. Often, this involves radical changes to a brand's logo, name, legal names, image, marketing strategy, and advertising themes. Such changes typically aim to reposition the brand/company, occasionally to distance itself from negative connotations of the previous branding, or to move the brand upmarket; they may also communicate a new message a new board of directors wishes to communicate. Rebranding can be applied to new products, mature products, or even products still in development. The process can occur through a change in marketing strategy or in various other situations such as Chapter 11 corporate restructuring, union busting, or bankruptcy. Rebranding can also refer to a change in a company ...
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Trade Name
A trade name, trading name, or business name, is a pseudonym used by companies that do not operate under their registered company name. The term for this type of alternative name is a "fictitious" business name. Registering the fictitious name with a relevant government body is often required. In a number of countries, the phrase "trading as" (abbreviated to t/a) is used to designate a trade name. In the United States, the phrase "doing business as" (abbreviated to DBA, dba, d.b.a., or d/b/a) is used, among others, such as assumed business name or fictitious business name. In Canada, "operating as" (abbreviated to o/a) and "trading as" are used, although "doing business as" is also sometimes used. A company typically uses a trade name to conduct business using a simpler name rather than using their formal and often lengthier name. Trade names are also used when a preferred name cannot be registered, often because it may already be registered or is too similar to a name that is a ...
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Conover, North Carolina
Conover is a city in Catawba County, North Carolina, United States. The population was 8,421 as of the 2020 census. It is part of the Hickory–Lenoir– Morganton Metropolitan Statistical Area and Charlotte Metropolitan Area. History The City of Conover began to develop in the mid-1800s as a “Y” intersection of the railroad traversing North Carolina. Although originally called Wye Town, legend says the name "Canova" was adopted, but transposed to Conover over several years. The City of Conover was chartered in 1876 and incorporated in 1877. The Bolick Historic District and George Huffman Farm are listed on the National Register of Historic Places. Geography Conover is located in the geographic center, as well as the population center, of Catawba County and is bordered by the City of Hickory to the west, the City of Newton to the south, and the City of Claremont to the east. Interstate 40 traverses Conover, with access from four major exits (128, 130, 132, and 133). U.S. ...
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Reticulated Foam
Reticulated foam is a very porous, low density solid foam. 'Reticulated' means like a net. Reticulated foams are extremely open foams i.e. there are few, if any, intact bubbles or cell windows. In contrast, the foam formed by soap bubbles is composed solely of intact (fully enclosed) bubbles. In a reticulated foam only the lineal boundaries where the bubbles meet ( Plateau borders) remain. The solid component of a reticulated foam may be an organic polymer like polyurethane, a ceramic or a metal. These materials are used in a wide range of applications where the high porosity and large surface area are needed, including filters, catalyst supports, fuel tank inserts, and loudspeaker covers. Structure and properties A description of the structure of reticulated foams is still being developed. While Plateau's laws, the rules governing the shape of soap films in foams were developed in the 19th century, a mathematical description of the structure is still debated. The computer-genera ...
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Wire Drawing
Wire drawing is a metalworking process used to reduce the cross-section of a wire by pulling the wire through a single, or series of, drawing die(s). There are many applications for wire drawing, including electrical wiring, cables, tension-loaded structural components, springs, paper clips, spokes for wheels, and stringed musical instruments. Although similar in process, drawing is different from extrusion, because in drawing the wire is pulled, rather than pushed, through the die. Drawing is usually performed at room temperature, thus classified as a cold working process, but it may be performed at elevated temperatures for large wires to reduce forces. Process The wire drawing process is quite simple in concept. The wire is prepared by shrinking the beginning of it, by hammering, filing, rolling or swaging, so that it will fit through the die; the wire is then pulled through the die. As the wire is pulled through the die, its volume remains the same, so as the diameter de ...
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Box-spring
Queen size box-spring on metal bed frame 8-way hand-tied box spring A box-spring (or divan in some countries) is a type of bed base typically consisting of a sturdy wooden frame covered in cloth and containing springs. Usually the box-spring is placed on top of a wooden or metal bedframe that sits on the floor and acts as a brace, except in the UK where the divan is more often fitted with small casters. The box-spring is usually the same size as the much softer mattress that is placed on it. Working together, the box-spring and mattress (with optional bed frame) make up a bed. It is common to find a box-spring and mattress being used together without the support of a frame underneath, the box spring being mounted directly on casters standing on the floor. Purpose The purpose of a box-spring mainly lies in the trade-off between ventilating the bed through the bottom and structural stability of the box-spring itself. Purposes * Elevating the mattress above the ground, i ...
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Companies Based In North Carolina
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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