Hickory Springs

What Hickory Springs does

Hickory Springs Manufacturing Company, founded in 1944 and headquartered in Hickory, North Carolina, is a privately held family-owned diversified component manufacturer operating as the largest business unit of HSM (HSM Solutions). The company operates 16 manufacturing locations across the United States spanning North Carolina, Wisconsin, Mississippi, Arizona, Iowa, and Indiana, producing flexible polyurethane foam, polyester fiber batting, formed steel wire, spring mechanisms, non-woven converting materials, metal stampings, tubing, and finished institutional products. Its technology portfolio includes five patented innovations: InChex and InnerACT innersprings, Springs Anywhere zoned-coil architecture, Micro Duo coil-within-a-coil technology, and Flexecore, a glue-free spring system marketed as potentially 100% recyclable.

The company sells exclusively on a B2B basis to furniture manufacturers, bedding companies, and institutional facilities through direct sales engagement, quote-based custom specifications, and industry trade channels. Its offerings are organized across ten sub-brands covering bedding, furniture, foam fabrication, converting, metal and wire, institutional, and webbing categories. Customer segments include bedding OEMs, furniture OEMs (residential and hospitality), institutional buyers (colleges, healthcare), automotive/industrial manufacturers, and healthcare/transportation foam buyers. The company maintains certifications including CertiPUR-US, California Technical Bulletin 117-2013, UFAC, and Cal. 133 for foam products.

Hickory Springs monetizes through hardware sales of manufactured components plus custom fabrication services (foam fabrication, metal forming, converting) priced on a quote basis per customer specification. In 2013 it entered a 50/50 joint venture with Spinks Spring for microcoil production. Revenue, ownership structure beyond family control, and institutional investor backing are not publicly disclosed. No AI, software, or digital platform capabilities are evident in the company's offering set.

Name

Hickory Springs

Legal name

Hickory Springs Manufacturing Company

Website

https://hickorysprings.com

Company type

Private

Founded year

1944

Operating status

Operating

Headcount range

11–50 employees

Short description

Hickory Springs Manufacturing is a privately held, family-owned B2B component supplier founded in 1944, producing foam, springs, wire, metal, and converting components across 16 US plants for bedding, furniture, institutional, automotive, and healthcare OEMs.

Ownership category

akta.pro rank

Headquarters

HQ city

Hickory

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Component Manufacturing: Manufactures and sells diversified components including springs, foam, metal components, wire products, and converting materials to furniture and bedding manufacturers
2. Custom Fabrication Services: Provides custom foam fabrication, metal forming, and converting services based on customer specifications

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Hickory Springs manufactures and supplies diversified components for the bedding, furniture, and institutional industries, including flexible polyurethane foam fabrication, polyester fiber batting, formed steel wire production, innerspring and microcoil systems, sleeper mechanisms, metal stampings and tubing, webbing, and converting capabilities for non-woven fabrics. The company serves as a vertically integrated B2B component supplier from raw wire drawing through finished sub-assemblies, with 16 manufacturing locations supporting OEM customers in residential, hospitality, institutional, automotive, and industrial markets.

Product overview

Hickory Springs Manufacturing is a diversified components supplier founded in 1944, operating as the largest business unit of HSM with 16 manufacturing locations. The company offers a comprehensive portfolio of products organized into distinct product lines: HS Bedding Products (fabric-encased coils, innersprings including ProAct and InnerAct, and microcoils under the HS2 brand), HS Foam Fabricators (conventional, HR, reticulated, and specialty foams including Code*Red II and California 117-2013 compliant foams), HS Furniture Products (springs, sleeper mechanisms like the 10000 and 1000 series, foam fabrication, converting), HS Metal & Wire (metal stamping, laser cutting, tubing via HS Metalworks, and wire drawing via HSM Wire Technology), Institutional Products (bunk beds, bed springs, freestanding beds, institutional mattresses), UltraFlex (webbing products including Atlas, UF series, and Sampson webbing), HS Converting (woven and nonwoven textiles for seat decking, cushion wrap, inside/outside backs, spring cover), and Flexecore (glue-free sustainable spring technology). The products serve the bedding, furniture, institutional, transportation, healthcare, and industrial markets.

Differentiator

Problem solved

Functional benefit

Brands

• HS2: Sustainable solutions sub-brand for microcoils featuring eco-friendly options
• HS Bedding Products
• HS Converting
• HS Foam Fabricators
• HS Furniture Products
• HS Metalworks
• Institutional Products
• UltraFlex
• HS Wire Technology
• Flexecore

Products and services

• HS2 Microcoils Premium microcoils for bedding and furniture comfort layers, with pocket springs available in 900-5000 counts per queen sheet, customizable pocket heights (0.75-1.5 inches), wire gauges (0.7mm-1.5mm), and fabrics. Includes Micro Duo coil-within-a-coil technology and Springs Anywhere zoned support.
• ProAct Innersprings Innersprings featuring patented InChex Technology with single right-turn coil construction rotated 180 degrees every other coil, eliminating roll-together while providing stable twin-bed comfort. Available in 357 and 396 coil counts with 5, 6, and 7 inch heights.
• InnerAct Innersprings Ultra-high coil count free-end offset innerspring engineered with alternating right-turn and left-turn coils, providing enhanced stability and marketing differentiation.
• Knotted Offset Innersprings Industry standard heat-treated innersprings for extra strength and durability, available in standard and high-profile versions with various wire gauges.
• HS Foam Fabricators Conventional Foams Extensive range of standard polyurethane foams from super-soft to very firm, in light to heavy densities for furniture and bedding applications.
• Code*Red II Fire-Retardant Foam Fire-retardant high-performance foam suited for use where British, Boston, and/or Cal. 133 specifications are required.
• High Resilience (HR) Foams High support factor and high resilience foams most often utilized in top-quality seating and premium bedding applications.
• California 117-2013 Foams Foams formulated without fire retardants to meet California's Technical Bulletin 117-2013 required of furnishings intended for sale in California.
• Reticulated Foam Extremely high porosity (airflow) foam ideal for outdoor furniture cushions, filter media, and other specialty uses.
• Anti-Stat Foams Specially formulated foam which dissipates electrostatic charges for packaging sensitive electronic equipment.
• Rebond Foam High-density reconstituted foam manufactured for various markets including school bus seating, golf cart seating, furniture parts, and carpet underlay in a variety of grades.
• 10000 (10K) Sleeper Mechanism Heavy-duty tubular and fabricated angle sleeper mechanism with deep cavity accommodating 6 inch mattress, Double BedSecure safety feature, dual-locking TV position headrest, tilt-forward design for cleaning, and interlocking support wires preventing hammock effect.
• 1000 (1K) Sleeper Mechanism Standard cavity sleeper mechanism for residential sleeper sofa applications.
• Hospitality Hybrid Mattress Hospitality-grade hybrid mattress with individually wrapped coils and comfort layers, designed for sleeper sofa and hotel use.
• Hospitality Visco Gel Plush Mattress 5.5 inch thick all-foam mattress with Certi-Pur foam and premium knitted cover with channel quilt for hospitality applications.
• Hospitality Apex Hybrid Mattress 6 inch thick hybrid mattress with 4 inch individually wrapped coils, Visco Gel topper, and bamboo knit cover for hospitality use.
• SPRINGCOOL Gel Mattress Spring-based mattress with cooling gel technology for temperature regulation, designed for sleeper sofa applications.
• Memory Foam Sleeper Mattress 5 inch thick memory foam sleeper mattress that easily folds in and out of sofa with premium gel topper and premium knitted cover.
• UltraFlex Webbing One of the largest manufacturers of elastic rubber, synthetic sheeting and strap webbing for seating, including Atlas Webbing, UF series webbing (502, 504, 506, 550), and Sampson webbing for residential, contract, outdoor furniture, fire-retardant transportation, and commercial applications.
• HS Converting Textiles Wide selection of woven and nonwoven textiles including seat decking (Denim series, DuoTex, Accord), cushion wrap (Polyticking, Downproof Ticking), inside backs (Tricon, Springtex, FLW, DuoTex), outside backs, spring cover, and bedding products like mattress flange, quiltbacking, and spring insulator.
• Institutional Nylon Mattress 312 Unit institutional nylon mattress with waterproof ticking, available in 36/39/54 inch widths and 75/80 inch lengths for institutional and healthcare applications.
• Institutional Innerspring Mattress Institutional innerspring mattress with damask ticking in 36/39/54 inch widths for colleges, healthcare, and dormitory facilities.
• Visco Memory Foam Institutional Mattress Institutional memory foam mattress designed for healthcare and facility applications.
• Contract Bunk Beds Contract bunk beds available as single unit frame or complete set (2 springs and 4 bunk ends), with accessories including straight/adjustable ladder, stabilizer rail, safety guardrail, and bed post inserts.
• Institutional Bed Springs Institutional bed springs available in tubular and free-standing heavy duty options, with attachment options including adjustable hook, track hook, wedge lock, and bolt-on.
• Heavy Duty Freestanding Beds Freestanding bed frames available in frame widths of 36/39/54 inches and leg heights of 12/15/21/23 inches for institutional settings.
• Flexecore Glue-Free Spring System Award-winning glue-free spring system providing exceptional comfort with unrivaled green credentials, potentially up to 100% recyclable sustainable comfort technology.
• HSM Wire Technology High-and-low-carbon steel wire manufacturing producing hard-drawn, cold-rolling quality, plating/bright basic, and induction-tempered wire for furniture springs, bedding springs, automotive, agricultural, and industrial applications.
• Metal Tubing Tube mill and bending capabilities for round, square, rectangular and oval tubes with welding, flaring, swaging, robotic welding, and powder coating for bus seats, bed frames, shopping carts, and motorcycle parts.
• Furniture Spring Components Sinuous wire, spring clips, Enduroflex, Flexmat, upholstery coils, and plastic or paper coated tie wire for furniture manufacturing.
• Custom Spring Forming Custom-made springs, Enduroflex products, and sinuous wire products for furniture and bedding industries with over six decades of forming experience.
• Metal Stamping and Laser Cutting Metal stamping with progressive die, transfer stamping, and fiber optic laser cutting for precision parts including automotive, lawn and garden, ATV, furniture, and bedding industries. Processes include forming, spinning, tapping, spot welding, MIG welding, deep drawing, and coining.
• Micro Duo Coil-within-a-Coil System First micro coil-within-a-coil spring system providing the highest coil count per sheet in the market, featuring Springs Anywhere technology with varying pocket spring configurations in firm edge, 3, 5, or 7 zones.
• Springs Anywhere Zoned Support Patented technology enabling customizable zoned areas for targeted support, allowing phased zoning with different coils across the width of a sheet for more gradual zoning and enhanced comfort.

Quantifiable outcome

• Elimination of roll-together in beds using InChex Technology
• +2 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• Spinks SpringcoreStrategic or Co-development Partner · 1 January 201350/50 joint venture established in 2013 for microcoil production and innovation. Domestic manufacturing partnership focused on bedding and furniture products. 12-year partnership delivering product innovation and component supply with brand development.

Scale indicators5 records

Recent moves1 record

Expansion highlights5 records

Direct peers

• BekaertDeslee: BekaertDeslee is a global leader in mattress textiles, spring systems (including microcoils and pocket springs), and bedding components. It is a direct competitor in fabric-encased coils and innersprings and serves the same global bedding OEM customer base as Hickory Springs' HS Bedding Products.
• Spinks Spring: Spinks Spring is a U.K.-based manufacturer of microcoils and pocket springs, and Hickory Springs' 50/50 JV partner since 2013 for microcoil production. While jointly developing HS2 Microcoils, Spinks remains a partial competitor in microcoil supply and offers directly comparable patented microcoil technology.
• Future Foam: Future Foam is one of the largest U.S. producers of flexible polyurethane foam for bedding, furniture, carpet cushion, and specialty applications. It competes with Hickory Springs' HS Foam Fabricators in conventional and high-resilience foam grades sold to bedding OEMs.
• Innocor (formerly known as National Bedding Company / Sleep Innovations): Innocor manufactures foam-based sleep products and bedding components including memory foam and conventional polyurethane foams. It competes with Hickory Springs' foam and bedding component offerings in the mattress-in-a-box and traditional bedding OEM channels.
• FXI (formerly Foamex International): FXI is a large-scale manufacturer of polyurethane and specialty foams serving bedding, furniture, automotive, and industrial markets. It directly overlaps Hickory Springs' foam fabrication business, including conventional, high-resilience, and specialty foam grades.
• Leggett & Platt: Leggett & Platt is the largest U.S. manufacturer of bedding and furniture components, including innersprings, foundations, and adjustable bases. It directly competes with Hickory Springs across innersprings (Bedding Products), wire, and furniture mechanisms, and serves the same B2B OEM customer base at significantly larger scale.
• Leggett & Platt — Wire Solutions / Hanes Industries: Leggett & Platt's Wire Solutions division and acquired Hanes Industries business produce drawn steel wire and wire products for bedding, furniture, and industrial applications. It directly competes with Hickory Springs' HSM Wire Technology line on hard-drawn, cold-rolling quality, and plated wire for spring manufacturing.
• Carpenter Co. Carpenter Co. is a major vertically integrated manufacturer of polyurethane foam, polyester fiber, and bedding components. It competes head-to-head with Hickory Springs' HS Foam Fabricators and HS Converting lines and shares the same bedding/furniture OEM customer base.

Others

• Dow Chemical (Polyurethanes): Dow is a major upstream supplier of polyurethane raw materials (polyols, MDI, TDI) used in foam manufacturing. While not a direct competitor, Dow is a key input supplier to Hickory Springs' HS Foam Fabricators and represents a critical ecosystem dependency and pricing benchmark for downstream foam producers.

Regional players

• Spuhl (Spuhl AG): Spuhl AG is a European manufacturer of innerspring and pocket spring systems for the bedding industry, including microcoil technology. It competes with Hickory Springs' HS2 microcoil line in the global bedding OEM market but does not directly contest North American accounts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/HSMsolutions
• Facebookfacebook.com/hsmsolutions
• LinkedInlinkedin.com/company/hs-2

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hickory Springs