Lampin Corporation

Lampin Corporation
Formerly called
 Lampin Pinion Gear Company
Private
Industry Manufacturing
Founded Ashland, Massachusetts USA (1964 (1964))
Founder Harold Fairbanks
Headquarters Uxbridge, Massachusetts, United States
Area served
 Worldwide
Key people
Products
  • Right Angle Gear Drives
  • Spur Gear Drives
  • Mechanical Assemblies
  • Spiral Bevel Gear Drives
Brands MITRPAK
Services Precision manufacturing, assembly, and services
Revenue $5,000,000
Owner
Number of employees
 30 (2014)
Website lampin.com
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 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 1970’s, 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 of 2016, Lampin acquired the precision component manufacturer, Howard Precision Products of Framingham, Massachusetts. The company was formally 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]

A Tsugami multifunction turn mill machine used for short runs of complex parts.
A Tsugami multifunction turn mill machine used for short runs of complex parts at Lampin.

Environmental concerns

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

  1. 1 2 3 Myhaver, Karen. "Growth Manufacturers Case Study". Retrieved 2015-04-29.
  2. 1 2 3 Wasserman, Aaron (2008-01-05). "Benefits of employee ownership pitched to Neal". Milford Daily News. Gatehouse Media, Inc. Retrieved 2014-11-17.
  3. ↑ "Mitrpak". MotionControlGuide.com. Retrieved 2014-11-17.
  4. ↑ Gordon, Leslie (2012-02-09). "Why it makes sense to manufacture in the U. S.". Machine Design. Penton. Retrieved 2014-11-17.
  5. ↑ "ESOPs Buying the Remaining Shares of the Company to Become 100% ESOP-Owned". esop Partners. 2007-12-03. Retrieved 2014-11-17.
  6. ↑ Lavery, Jeff (2007-01-18). "Lampin Corp. completes buyout". Worcester Business Journal. New England Business Media. Retrieved 2014-11-17.
  7. ↑ "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.
  8. ↑ "New Lampin chief". Worcester Telegram & Gazette. 2012-04-28. Lampin Corp., a maker of precision-machined components, has tapped Bill DiBenedetto as its new president.
  9. ↑ "Lampin Announces Acquisition of Howard Precision Products". 2016-03-01. Retrieved 2016-03-04.
  10. ↑ "Firms urged to manage pollution". Worcester Telegram & Gazette. Worcester Telegram & Gazette Corp. 2006-10-11. Lampin Corp., a maker of precision-machined components, has tapped Bill DiBenedetto as its new president.
  11. ↑ Nicodemus, Aaron (2015-10-04). "A continuing image problem for the manufacturing industry". Telegram & Gazette. Gatehouse Media, Inc. Retrieved 2015-10-05.
This article is issued from Wikipedia - version of the 7/20/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.