November 3, 2010 (FinancialWire) (http://www.financialwire.net/) — Lufkin Industries, Inc. (NASDAQ: LUFK) said that it has acquired the operating assets of Petro Hydraulic Lift Systems, LLC and certain related companies.

Louisiana-based PHL specializes in the design, manufacture and leasing of hydraulic rod pumping units for oil and gas wells.

Texas-based Lufkin sells and services oilfield pumping units, gas and plunger lift products, foundry castings and power transmission products throughout the world.

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