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. On November 23, 1982, Scott Rossiter purchased the company, renaming it the Lampin Corporation. In 1990, Lampin acquired MITRPAK, a line of spiral bevel gear drives, from Johnson & Bassett, a Worcester, Massachusetts company founded in 1870. Lampin continued to expand and in 2001, Rossiter elected to sell 30% of the company to the employees through the Employee Stock Ownership Plan. In 2006, Rossiter sold all the shares to the ESOP, making the company 100 percent employee-owned. In 2013, Lampin received a $74,100 matching grant from the state of Massachusetts to create jobs and train thirty new employees. Current corporate directors are Floranne R. Reagan, Michael S. Shaw, Donald J. Romine and Robin LeClaire is a director and currently serves as the president
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 were to be moved to Lampin's facilities in Uxbridge.
Environmental innovations
In the fall of 2006, Lampin became one of the first companies in Massachusetts to stop using Styrofoampacking peanuts in the shipping of their products.
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. Using this strategy, a machinist graduate gains marketable skills, becomes more employable, and can contribute more value to the manufacturing industry.
Awards
Associated Industries of Massachusetts Next Century Award, 2019