Hickory Springs Acquires Hi-Tech Foam Products

December 8, 2009  by in UnCategorized   

By Home Furnishings Business in on December 9, 2009 Hickory Springs Manufacturing Co., Hickory, N.C., has acquired Hi-Tech Foam Products LL, an Indianapolis-based international manufacturer of foam components to the automotive, appliance, medical and military industries.
 
Hi-Tech will operate as a wholly owned subsidiary of Hickory Springs.

"Hi-Tech fits well with our strategic goals of growth and diversification," Hickory Springs President J. Don Coleman.

The plant will operate under the guidance of Manager Steven Andrasik, who transferred from Hickory Springs€™ Commerce, Calif., foam plant; and Vice President of Sales John Metaxas, who remains with the company. Andrasik reports to Hickory Springs Vice President of Operations Lee Lunsford.  The company will continue to conduct business as Hi-Tech Foam Products.
 
Hickory Springs is a leading manufacturer and vendor of flexible polyurethane foam, formed steel, wire, polyester fiber and extruded polyethylene products for the furniture and bedding industries.