Lampin Corporation Acquires Monalex Manufacturing, Welcomes New Employees

Lampin Corporation, a 100% employee-owned precision manufacturing leader, is pleased to announce its acquisition of all assets and employees of Monalex Manufacturing, Inc., effective January 8, 2025. This strategic acquisition includes Monalex's cutting-edge equipment and customer base, as well as the addition of several skilled machinists to Lampin's team, who will join as new employee-owners through Lampin's Employee Stock Ownership Plan (ESOP).

Monalex's customers can expect uninterrupted service, with many benefiting from faster production times and reduced wait times for products. The transition is designed to be seamless, continuing the legacy of excellence Monalex has built over more than 30 years of precision machining. HR Tech Insights: Paychex Enters into Definitive Agreement to Acquire Paycor

"This acquisition strengthens our ability to serve customers with unmatched precision and speed while upholding the highest standards of quality," said John Biagioni, President and CEO of Lampin Corporation. "We're proud to bring Monalex's exceptional team and legacy into the Lampin family. By welcoming Monalex employees as employee-owners, we're building a stronger, more collaborative future for everyone involved." The acquisition also marks a significant milestone for Monalex's president and founder, Tyson "Skip" Brady, and his family. After decades of dedicated work building the business, this agreement allows the family to retire while ensuring that Monalex's legacy is carried forward by Lampin's experienced team. HR Tech Insights: Appcast Launches AppcastOne Recruitment Platform for UK Employers "This decision was not made lightly," said Brady. "It brings me great satisfaction to know that our employees are in good hands, our customers will continue to be supported with the highest quality service, and I can enjoy my retirement knowing the business I've built has a bright future with Lampin." Lampin will continue to provide Monalex's customers with the high-quality precision machining and customer service they've come to expect, while leveraging its own expertise and resources to deliver even greater value.