HSM has acquired Summit Seating Inc., a manufacturer of seating products for the transit bus, recreational vehicle, van and other specialty vehicles for original equipment or aftermarket use.
Officials said the acquisition is expected to expand HSM’s footprint and leadership role in the transportation seating market and will immediately grow both the near- and long-term growth opportunities for the HSM Transportation Solutions business unit.
“We are excited to bring Summit Seating’s technology and capabilities to HSM,” said Dave Colburn, HSM president/CEO. “With the combination of our people, products, talents and assets, HSM has the opportunity to accelerate the current momentum and cutting-edge innovation that we are bringing to integrated seating solutions. This strategic move supports our ongoing migration from a components supplier to a provider of integrated solutions with a market-focused strategy.”
Officials said that over the next 90 days, all product lines within Summit Seating Inc. will be integrated into HSM’s Transportation Solutions business unit, which is headed by Everett. During the transition, Summit Seating customers will continue to receive the same service they have come to expect from the Elkhart, Ind.-based company.
“As founders of Summit Seating, Sue and I are excited to see Summit Seating become part of HSM, a world-class operation,” said Ray Fink, principal, Summit Seating Inc. “It will make us proud to watch the growth that they will bring surpass our original expectations.”
Fink will remain with the company as director of seating systems - commercial vehicles.