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lufkin industries

lufkin industries

Scott Olson/Getty Images
Scott Olson/Getty Images
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Local Company With 100-Year History To Keep Its Name

More on a story we brought you earlier this week...

General Electric is getting more involved in the energy industry and is in the process of buying Lufkin Industries in a deal valued at around $3.3 billion dollars.  The CEO tells KTRE that Lufkin Industries will keep its name.

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Scott Olson/Getty Images
Scott Olson/Getty Images
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Lufkin Industries to be Purchased by GE

General Electric wants to get more involved in the energy industry, and that means big bucks for one Lufkin Company.

It's been announced the GE is buying Lufkin Industries for 38 percent above the closing price of its shares on Friday.  GE values the deal at around $3.3 billion dollars.

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via Lufkin Industries, by permission
via Lufkin Industries, by permission
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Lufkin Industries Buys British Oil Tech Firm

Lufkin Industries has completed a merger that will make the company an even bigger worldwide player in oil exploration and production.  Lufkin's British subsidiary, Lufkin Industries Holdings UK Limited, has bought Zenith Oilfield Technology Ltd., based in Aberdeen, Scotland.

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Lufkin Industries
Lufkin Industries
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Lufkin Industries Trying to Help Employees in Egypt

The Lufkin Daily News reports:
With political unrest mounting in Egypt, Lufkin Industries is working to make sure its employees there are safe.

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