HSM Sells Portland Foam Plant to FXI
HSM announced today that FXI, a leading producer of innovative foam technology, has acquired their Portland facility. FXI has operated a plant in Portland for several years and will now combine the businesses into the HSM facility. The purchase of the 185,000-square-foot plant expands FXI’s manufacturing footprint in the Pacific Northwest and increases FXI’s capacity and service capabilities for the home furnishing industry.
“Over the past several years, we have made strategic acquisitions of well-regarded manufacturing facilities to fuel FXI’s business growth,” said John Cowles, FXI president and chief executive officer. “The HSM facility is a high-quality production facility with well-trained employees. This is an exciting time for all of our people and our customers. Customers will benefit from our expanded capabilities.”
"This transaction is consistent with HSM’s strategic plan and supports our mission to be a profitable, quality-driven, value-conscious, and customer-focused supplier" added Mark Jones, HSM President and CEO.