Guangdong Yizumi Precision Machinery Co. Ltd., the Chinese company that bought the intellectual property of the 135-year-old HPM, is preserving two key historical pieces of equipment from the closed-down HPM factory in Mount Gilead, Ohio. CEO Richard Yan said the plan is to send a vintage HPM apple press to Yizumi's factory in Foshan, China. The company will make reproductions and display them in prominent locations at Yizumi facilities. "Every factory will have one to demonstrate the glory of HPM," Yan told Plastics News senior reporter Bill Bregar at NPE2012 in Orlando, Fla. Yizumi made headlines at an auction in Mount Gilead in 2011 when it topped another bidder to get HPM's intellectual property and customer lists. But at NPE2012 in Orlando, Yan said Yizumi also picked up some other key HPM icons: an original apple press that graced the lobby for years and a 1937 injection molding machine with a plaque saying it was one of the first HPM presses sold in the Chicago area, to Santay Corp. The 1937 press will go on display at Yizumi headquarters. HPM was founded in 1877 to make apple presses. The old press had a tag during the auction. Now the apple press is in storage in Marion, Ohio, at Bivouac Engineering and Service Co., run by former HPM President William Flickinger. Last fall, Yizumi bought Bivouac, which specializes in HPM injection presses. Flickinger is now president of HPM North America. (... and thanks to Bill Bregar for today's post).
Yizumi acquires some more HPM history
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