The 8/5/1941 edition of The Corpus Cristi Caller-Times announces the formation of the Studebaker Machine Co. in Chicago (Maywood), IL.  J. M. Studebaker - President; J. M. Studebaker 3rd - VP.  The article notes they will market their new hydraulic machines, particularly a hydraulic vise.  On 11/7/1945 at only 46, J. M. Studebaker 3rd passes away.

The company seems to disappear around 1954.