Lampin Corporation
| File:Lampin Corporation Logo.png | |
| Formerly | Lampin Pinion Gear Company |
|---|---|
| Company type | Private |
| Industry | Precision Manufacturing and Engineering |
| Founded | Ashland, Massachusetts USA (1964) |
| Founder | Harold Fairbanks |
| Headquarters | , United States |
Area served | Worldwide |
Key people |
|
| Products |
|
| Brands | MITRPAK |
| Services | Precision manufacturing, assembly, and services |
| Revenue | $5,000,000 |
| Owner | |
Number of employees | 30 (2014) |
| Website | lampin |
| Footnotes / references [1] | |
Lampin Corporation is a Massachusetts-based, critical component manufacturer and assembler of right angle gear drives, spur gear and mechanical assemblies. It is an ITAR-compliant and ISO 9001:2008 certified business, serving the aerospace, medical, optical, semiconductor and high-tech industries. Lampin engineers custom solutions, offers design review, supply chain and inventory management services. Lampin is 100 percent employee-owned.[2]
History
The company was founded by Harold Fairbanks as the Laminated Pinion Gear Company in 1964. The company was originally headquartered in Ashland, Massachusetts, a town in the Blackstone Valley. In the 1970s, Harold Bushnell purchased the company and moved it to Uxbridge, which is still the company headquarters location today.
In 1982, Scott Rossiter purchased the company, renaming it the Lampin Corporation.[2] In 1990, Lampin acquired MITRPAK, a line of spiral bevel gear drives, from Johnson & Bassett, a Worcester, Massachusetts company founded in 1870.[3][4]
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.[5][6] In 2013, Lampin received a $74,100 matching grant from the state of Massachusetts to create jobs and train thirty new employees.[7]
Rossiter is currently the Chairman of the board and William DiBenedetto currently serves as the president.[2][8]
Acquisitions
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 will be moved to Lampin's facilities in Uxbridge.[9]
Environmental innovations
In the fall of 2006, Lampin became one of the first companies in Massachusetts to stop using Styrofoam packing peanuts in the shipping of their products.[10]
Education
The Lampin corporation believes that a key growth strategy for manufacturing includes investing in their future workforce. Lampin urges other manufacturers to become involved with their local technical high schools and colleges to help ensure that students learn the manufacturing techniques that are actually being used in the machining industry today.[11] Using this strategy, a machinist graduate gains marketable skills, becomes more employable, and can contribute more value to the manufacturing industry.[1]
Lampin's CEO is a member of Manufacturing Advancement Center Workforce Innovation Collaborative (MACWIC).[1]
External links
References
- ^ a b c Myhaver, Karen. "Growth Manufacturers Case Study". Retrieved 2015-04-29.
- ^ a b c 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. 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. Retrieved 2014-11-17.
- ^ Dayal, Priyanka (2012-04-28). "Business Briefs". Telegram & Gazette. Retrieved 2017-05-05.
Lampin Corp., a maker of precision-machined components, has tapped Bill DiBenedetto as its new president.
- ^ "Lampin Announces Acquisition of Howard Precision Products". 2016-03-01. Retrieved 2016-03-04.
- ^ Luttrell, Martin (2006-10-11). "Firms urged to manage pollution". Telegram & Gazette. Retrieved 2017-05-17.
- ^ Nicodemus, Aaron (2015-10-04). "A continuing image problem for the manufacturing industry". Telegram & Gazette. Gatehouse Media, Inc. Retrieved 2015-10-05.