Unable to reach an agreement over health insurance and retirement benefits, workers at five Lufkin Industries plants went on strike Monday morning. The workers say two large increases in insurance ...

You're forgiven if Lufkin Industries, a small, Texas-based oilfield services company, isn't immediately familiar. It's a bit more so today, undoubtedly, since General Electric says it will buy ...

MISSOURI CITY, Texas, Nov. 2, 2020 /PRNewswire/ -- Lufkin Industries ("Lufkin"), a portfolio company of KPS Capital Partners, LP ("KPS"), announced today that it has completed the acquisition of ...

LUFKIN, TX (KTRE) - When General Electric bought Lufkin Industries back in 2013, the East Texas community was excited about the future of the merger. "We talked with Jay Glick, the president of ...

General Electric Co. is buying manufacturer Lufkin Industries for $3.3 billion, further expanding its oil field equipment portfolio. The deal reflects GE's efforts to stake out its share of the ...

General Electric Co. has agreed to buy oil field equipment maker Lufkin Industries Inc. for $3.1 billion, furthering an effort by GE to grow its oil and gas operations. GE said Monday that it ...