Summary
Lampin Corporation is a Massachusetts-based component manufacturer and assembler of right angle gear drives, spur gear, and mechanical assemblies, serving the aerospace, medical, optical, semiconductor, food processing, and high-tech industries. Lampin offers design review, supply chain, and inventory management services. Lampin is 100 percent employee-owned.[4]
 | |
 The Lampin Corporate office in Uxbridge, Massachusetts | |
| Formerly | Lampin Pinion Gear Company |
|---|---|
| Company type | Private |
| Industry | Precision manufacturing and engineering |
| Founded | Ashland, Massachusetts, United States (1964) |
| Founder | Harold Fairbanks |
| Headquarters | , United States |
Area served | Worldwide |
Key people | |
| Products |
|
| Brands | MITRPAK |
| Services | Precision manufacturing, assembly, and services |
| Revenue | $7,000,000 |
| Owner | |
Number of employees | 36 (2019) |
| Website | lampin |
| Footnotes / references [1][2][3] | |
History edit
Harold Fairbanks founded the company as the Laminated Pinion Gear Company in 1964. The company was initially headquartered in Ashland, Massachusetts, a town in the Blackstone Valley. In the 1970s, Harold Bushnell purchased the company and moved it to Uxbridge, its headquarters.
On November 23, 1982, Scott Rossiter purchased the company, renaming it the Lampin Corporation.[4] In 1990, Lampin acquired MITRPAK, a line of spiral bevel gear drives, from Johnson & Bassett, a Worcester, Massachusetts company founded in 1870.[5][6]
Lampin continued to expand, and in 2001, Rossiter elected to sell 30% of the company to the employees through the employee stock ownership plan (ESOP). In 2006, Rossiter sold all the shares to the ESOP, making the company 100 percent employee-owned.[7][8] In 2013, Lampin received a $74,100 matching grant from the state of Massachusetts to create jobs and train thirty new employees.[9]
Current corporate directors are Floranne R. Reagan, Michael S. Shaw, and Donald J. Romine.[10][3]
In January 2022, John Biagioni was appointed president following Robin LeClaire's retirement, who will remain on Lampin's board.[11]
Acquisitions edit
In March 2016, Lampin acquired the precision component manufacturer Howard Precision Products of Framingham, Massachusetts. The company was formerly known as the E. Howard Watch & Clock Company, which was founded in Massachusetts in 1851. All employees of Howard were offered positions at Lampin and were to be moved to Lampin's facilities in Uxbridge.[12]
References edit
- ^ Myhaver, Karen. "Growth Manufacturers Case Study". Retrieved 2015-04-29.
- ^ Owen, Paula J. (2018-05-20). "One on One: Robin L. LeClaire, president, Lampin Corp". Telegram & Gazette. Retrieved 2019-06-19.
- ^ a b Berkowitz, Harry (2019-08-03). "Lampin Corporation". All about the Valley. WCRN. Retrieved 2019-08-15.
- ^ a b Wasserman, Aaron (2008-01-05). "Benefits of employee ownership pitched to Neal". Milford Daily News. Gatehouse Media, Inc. Retrieved 2014-11-17.
- ^ "Mitrpak". MotionControlGuide.com. Archived from the original on 2014-11-17. Retrieved 2014-11-17.
- ^ Gordon, Leslie (2012-02-09). "Why it makes sense to manufacture in the U. S." Machine Design. Penton. Retrieved 2014-11-17.
- ^ "ESOPs Buying the Remaining Shares of the Company to Become 100% ESOP-Owned". esop Partners. 2007-12-03. Retrieved 2014-11-17.
- ^ Lavery, Jeff (2007-01-18). "Lampin Corp. completes buyout". Worcester Business Journal. New England Business Media. Retrieved 2014-11-17.
- ^ "Patrick Administration Announces Latest Round of Grants to Help Massachusetts Businesses Prosper and Grow Jobs" (PDF). Executive Office of Labor and Workforce Development. Commonwealth of Massachusetts. 2014-04-09. Archived from the original (PDF) on 2014-08-11. Retrieved 2014-11-17.
- ^ "Lampin Corporation Annual Report, 2018". Commonwealth of Massachusetts. 2019-03-15. Retrieved 2019-08-15.
- ^ Killoran, Jennifer (2022-01-13). "John Biagioni Named President of Lampin Corporation". Longview News-Journal. Retrieved 2022-02-24.
- ^ "Lampin Announces Acquisition of Howard Precision Products". 2016-03-01. Retrieved 2016-03-04.