HSM Machine Works
magroup.net
Year founded: 1991
Number of employees: 20
Top official: James Flock, general manager
Company description: A leading U.S. manufacturer of small- to medium-sized landing gear subassemblies and hydraulic assemblies and testing Target market: Prime aerospace manufacturers and their tier 1 suppliers
Company growth: “HSM Machine Works was established in North Carolina in 1991, with three employees, to perform low-cost rough machining of components. Since that time, we have added capabilities, improved training and expanded staffing to our current 20-member team, with 17 state-of-the-art CNC machines performing complex, multi-axis machining operations. In the last five years we have purchased over $2M in capital equipment.”
What are your future goals for the product? “HSM Machine Works is the division of Magnaghi that has been identified for growth. We are adding three new machines this year and hiring additional staff. Over the next several years we will be expanding our manufacturing operations in Leland, increasing the scope of our work, the number of products we process and absorbing new capabilities from other divisions of the company.”
Marpac Yogasleep
yogasleep.com
Year founded: 1962
Number of employees: 75
Company description: “Marpac is a manufacturer and distributor of World Class Healthy Sleep products, sold around the world.”
Target market: “All people that desire a great night sleep” Company growth: “From the invention of the Dohm in 1962 to now, we have 75 employees selling a full portfolio of Healthy Sleep products around the world.”
How has your product helped impact the region’s economic development? “We manufacture and distribute Healthy Sleep products from our Wilmington location.”
What are your future goals for the product? “To expand product offerings outside of sleep and into other areas of healthy living.”
SOS Life Sciences Corp.
glucosesos.com
Year founded: 2016
Number of employees: 1
Top official: Pamela Heyward, founder
Company description: “SOS manufactures glucose products to quickly raise blood sugar levels and eliminate spiking for humans and pets living with diabetes.”
Target market: Diabetes and energy markets
Company growth: “Currently, B2B, Glucose SOS is in most major pharmacies in the U.S. and has international distribution in the UK and Australia. It is currently being distributed by Amerisource Bergen, Henry Schein, Cardinal and McKesson and Drogueria Betances in Puerto Rico. B2C sales have reached a monthly volume that used to be our annual volume and rising in the six figures.”
What are your future goals for the product? “To launch my latest product by fourth quarter 2021, a new Glucose-Melt with revolutionary new freeze-dried technology to quickly melt in your mouth. Our initial annual forecast [is for] 2.6 million 15g sachets. With 463 million people living with diabetes all over the world and that 1 in every 300 dogs and 1 in 230 cats will develop diabetes during their lifetime – and those statistics keep rising – the mission of SOS Life Sciences is to globally provide the best solution to treat a diabetes-induced low, quickly, safely and prevent blood sugar spiking.”
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