Lufkin Industries, Inc. Company News

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Schlumberger Divests Rod Lift Business
Monday, November 02, 2020Lufkin Industries has acquired the Schlumberger N.V. unit North American Land Rod Lift Business.

GE Finalizes Lufkin Acquisition
Monday, July 01, 2013GE Oil & Gas completes its acquisition of Lufkin Industries for approximately $3.3 billion.

GE to Acquire Lufkin Industries for $3.3B
Monday, April 08, 2013GE announces it will acquire artificial lift technologies-provider Lufkin Industries for approximately $3.3 billion.

Lufkin to Construct New Manufacturing Facility in Romania
Friday, July 09, 2010Lufkin announced its intention to construct a manufacturing facility near Ploiesti, Romania, just north of the capital, Bucharest.

Lufkin's Bookings, Optimisim on the Rise
Wednesday, April 21, 2010"We experienced a substantial increase in our backlog, especially in the Oilfield Division, which doubled during the quarter, driven by strong orders from the oil plays in Texas as well as in the Bakken shale in North Dakota," said John Glick.

Lufkin Industries, Union Agree to Weeklong Contract Extension
Monday, October 06, 2008Lufkin Industries announced that a majority of its union workers, covering nearly 1,200 employees, did not ratify yesterday the terms of a new three-year contract. The current contract expired on October 5, 2008.

Lufkin Picks Glick for CEO
Tuesday, February 19, 2008Lufkin Industries, Inc. reported that its Board of Directors has formally elected John F. "Jay" Glick, President, to the Chief Executive Officer position effective, March 1, 2008.

Lufkin's VP, Treasurer and CFO to Retire in May 2008
Friday, February 15, 2008Lufkin Industries, Inc. reported that Robert D. Leslie, Vice President, Treasurer and Chief Financial Officer, plans to retire effective May 7, 2008.

Lufkin's Chairman and CEO to Retire
Thursday, October 18, 2007Douglas V. Smith, Lufkin's chairman and CEO plans to retire, effective March 1, 2008.