Lufkin Industries Incorporated operates in the Oil and gas field machinery sector. Lufkin Industries, Inc. is a global supplier of oil field and power transmission products. The Company operates in two segments: Oil Field and Power Transmission. Through its Oil Field segment, the Company manufactures and services artificial lift equipment and related products, which are used to extract crude oil and other fluids from wells. Through its Power Transmission segment, the Company manufactures and services high-speed and low-speed increasing and reducing gearboxes for industrial applications. On November 1, 2010, the Company acquired operating assets of Petro Hydraulic Lift Systems, LLC (PHL) and certain related companies, based in South Louisiana. PHL specializes in the design, manufacture and leasing of hydraulic rod pumping units for oil and gas wells. In September 2011, the Company acquired Pentagon Optimization Services, Inc. In December 2011, it acquired the assets of Quinn's Oilfield Supply Ltd., including certain affiliates. In
our complete report available for purchase the company is compared to: Middleby Corporation (The), Varian Semiconductor Equipment Associates, Inc. and Tecumseh Products Co.