Lufkin Industries acquires new company - KTRE.com | Lufkin and Nacogdoches, Texas

Lufkin Industries acquires new company

News Release

LUFKIN, TX - Lufkin Industries, Inc. (NASDAQ: LUFK) today announced that it has acquired Rotating Machinery Technology, Inc. (RMT). 

RMT, based in Wellsville, New York, is a recognized leader in the turbo-machinery industry, specializing in the analysis, design and manufacture of precision, custom-engineered tilting-pad bearings and related components for high-speed turbo equipment operating in critical duty applications.  RMT also services, repairs and upgrades turboexpander process units for air and gas separation, both on-site with its skilled field service team and at its repair facility in Wellsville.

"We believe the acquisition of RMT will be a strong strategic fit with our Power Transmission division, and we look forward to working with their highly respected and experienced management team.  We are pleased that Dr. John Nicholas, RMT founder and CEO, and a leading authority in the fields of bearing design and Rotor Dynamics Analysis, will continue in a leadership role in the company as the General Manager of RMT," said John F. "Jay" Glick, president and chief executive officer of Lufkin.

"This acquisition is consistent with our long-term growth strategy of integrating strategic assets to leverage our position of industry leadership.  RMT has a global reputation for delivering high-quality, innovative and precision products and services to customers throughout the world. Already a key supplier to Lufkin Industries, RMT will provide the opportunity to increase the value-add engineering capabilities and after-market support that Lufkin Industries offers to its customers," Glick added.

Lufkin Industries, Inc. sells and services oilfield pumping units, foundry castings and power transmission products throughout the world.  The Company has vertically integrated all vital technologies required to design, manufacture and market its products.

  • East Texas NewsMore>>

  • Dez Bryant comes home, throws BBQ party, kick ball game before leaving to camp

    Dez Bryant comes home, throws BBQ party, kick ball game before leaving to camp

    Thursday, July 20 2017 11:07 PM EDT2017-07-21 03:07:57 GMT

    With just a day's notice, former Lufkin Panther and NFL superstar Dez Bryant arrived at Lufkin's Kit McConnico Park in grand fashion for his announced "Family Fun Day."

    More >>

    With just a day's notice, former Lufkin Panther and NFL superstar Dez Bryant arrived at Lufkin's Kit McConnico Park in grand fashion for his announced "Family Fun Day."

    More >>
  • Restaurant Report - Nacogdoches - 07/20/17

    Restaurant Report - Nacogdoches - 07/20/17

    Thursday, July 20 2017 5:04 PM EDT2017-07-20 21:04:26 GMT

    Long John Silver’s, Church's. China Star, Ken's No. 4, Taqueria El 21, Texas Sports Bar and Grill, Jalapeno Tree, Papa John's, Pizza Hut-South Street, Sinc Drive-In on North Street, Subway-North Street, Newk's, and Nacogdochs Medical Center Cafeteria.

    More >>

    Long John Silver’s, Church's. China Star, Ken's No. 4, Taqueria El 21, Texas Sports Bar and Grill, Jalapeno Tree, Papa John's, Pizza Hut-South Street, Sonic Drive-In on North Street, Subway-North Street, Newk's, and Nacogdochs Medical Center Cafeteria.

    More >>
  • Best Furry Friends: Heeler-spaniel mix loves attention

    Best Furry Friends: Heeler-spaniel mix loves attention

    Thursday, July 20 2017 7:17 PM EDT2017-07-20 23:17:01 GMT

    Temporarily calling the Nacogdoches Animal Shelter a home, Remi is hoping to find something a little more permanent. Caretakers said the one-year-old dog is playful and loves attention. Remi was brought into the shelter as a stray about three weeks ago. "He gets along with the other dogs. He still in his puppy stage so he still has a lot of time to go around play with everyone," said Torion Johnson, animal control officer.  Remi is a heeler-spani...

    More >>

    Temporarily calling the Nacogdoches Animal Shelter a home, Remi is hoping to find something a little more permanent. Caretakers said the one-year-old dog is playful and loves attention. Remi was brought into the shelter as a stray about three weeks ago. "He gets along with the other dogs. He still in his puppy stage so he still has a lot of time to go around play with everyone," said Torion Johnson, animal control officer.  Remi is a heeler-spani...

    More >>
Powered by Frankly