High Pressure Equipment Company Marks 60 Years in 2014
Erie, PA - November 17, 2014 - High Pressure Equipment Company (HiP) is proudly celebrating its 60th anniversary in 2014 with an innovative employee leadership program and a commitment to the company’s long-established tradition of excellence.
Since 1954, HiP has been a leading provider of high-performance components and systems for elevated pressure applications. Today, HiP manufactures a complete line of valves, fittings and accessories designed to provide leak-free operation at pressures ranging from 10,000 psi to 150,000 psi. In addition, HiP offers a family of reactors and pressure vessels, as well as pumping systems and pressure boosters.
HiP is the preferred supplier for leaders within diverse markets such as waterjet cutting and cleaning, oil and gas, chemical and petrochemical, research and development, university, government and general industry.
A winning combination of quality, delivery and price has been the key to HiP’s success. ISO9001-certified HiP stocks an extensive inventory with same day shipping of many products, and special orders have short lead times. The company also provides responsive technical/engineering support and reliable on-time delivery, which has resulted in extensive customer loyalty.
This 60th anniversary year has been marked by several important events for the company. In September and early October, HiP was the featured company on Fox Business Network’s “Manufacturing Marvels.” The short program highlighted HiP’s operations and systems and explained how High Pressure continues to be on the cutting edge.
HiP’s innovative leadership training program “Everyone’s a Leader” has also been making news in 2014. The companywide program, started in 2013, was the brainchild of Company President Larry Loper and CFO Larry Serafin. Loper and Serafin wanted to strengthen HiP by investing in the heart of HiP– its employees. The company had undergone restructuring in 2013, and the two company leaders knew the time was right to make this investment. In that year, New York-based independent private equity firm Wasserstein & Co. invested in a majority ownership of the company. Under new leadership, the company moved to a much larger facility and expanded their organizational structure – almost doubling the workforce.
Details of this leadership program and its early success were featured in the August 2014 edition of WJTA (WaterJet Technology Association) Jet News. The feature is also slated to be published in BIC (Business and Industry Connection) magazine’s special December issue.
Also in 2014, High Pressure acquired Staffordshire Hydraulic Services Ltd. (SHS), one of the United Kingdom’s leading distributors and designers of high pressure equipment. SHS has been a key distribution partner for HiP for over 40 years. Additionally, SHS markets its own line of standard and customized high pressure equipment with applications in the oil and gas, power generation and other industrial markets.
Success, growth, innovation, and a commitment to a tradition of quality have marked HiP’s history. It’s no surprise that these same qualities have made this anniversary year one to remember.
About High Pressure Equipment Co.:
High Pressure Equipment Company is one of the world's leading manufacturers of specialized valves, fittings, tubing, accessories, reactors and customized products with pressure ratings up to 150,000 p.s.i. The company has particular expertise with specialty metals Hastelloy, Inconel, Monel, and titanium. End-use applications include oil and gas exploration, topside and subsea production and test equipment, waterjet cutting and blasting, chemical, industrial gas, research and many more. High Pressure was founded in 1954 in Erie, Pennsylvania, where it remains today. In 2012, Wasserstein Partners III, a private equity fund managed by Wasserstein & Co. acquired a majority equity interest in High Pressure. For more information, please visit www.HighPressure.com
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