ERIE, Pa. (Nov. 17, 2014) – High Pressure Equipment Company (HiP) is 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 provider of 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 a supplier for diverse markets such as waterjet cutting and cleaning, oil and gas, chemical and petrochemical, research and development, university, government and general industry.
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.
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 WaterJet Technology Association Jet News.
Also in 2014, High Pressure acquired Staffordshire Hydraulic Services Ltd. (SHS), one of the United Kingdom’s distributors and designers of high pressure equipment. SHS has been a key distribution partner for HiP for more than 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.
High Pressure Equipment Company is a manufacturer of specialized valves, fittings, tubing, accessories, reactors and customized products with pressure ratings up to 150,000 psi.