Dutton Associates Featured Company: Shumate Industries, Inc. (SHMT.OB)
Shumate Industries, Inc. currently consists of two divisions servicing the oil and gas exploration industry. The Shumate Machine Works division operates as an oil and gas field services company, engaging in contract machining and manufacturing of products, parts, components, and assemblies. The Hemiwedge Valve division develops and manufactures various valve products. The company is based in Conroe, Texas. The Shumate Machine Works division manufacturers a significant and varied product line, which includes expandable tubular products, such as liner hangers, launchers, and sand screens for energy field service applications. It also manufactures service part assemblies and sub-assemblies, measurement products, directional drilling…
