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Tag Archives: oil rigs

LeTourneau assets sold for second time this year

VICKSBURG — Joy Global Inc. has agreed to sell the drilling products business of LeTourneau to Cameron International Corp. for $375 million in cash. The deal includes the operation in Vicksburg. LeTourneau’s drilling products business makes oil rig components and equipment. The Vicksburg Post reports Joy Global, a mining services company, will retain a LeTourneau facility in Longview, Texas. In ...

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Joy Global completes acquisition of LeTourneau

VICKSBURG — Joy Global’s acquisition of LeTourneau Technologies is completed and officials say plans are being developed for the Vicksburg operation. Joy Global spokesman Mark Sanders tells the Vicksburg Post that the company expects to grow business in Vicksburg. Sanders says it is less certain whether the yard will continue to build rigs. He says the employees will manufacture rig ...

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