Flowserve Corp., Dallas, TX, supplier of fluid motion and control products and services, has acquired the remaining 50% of shares of Niigata Worthington in Kawasaki, Kanagawa, Japan.
Flowserve previously owned 50% of Niigata Worthington in a long-term joint venture.
Niigata Worthington, a manufacturer of certain Flowserve pumps and other rotating equipment, reported sales of $64 million in 2007.
This acquisition reflects our strong commitment to serving our customers -both end users and contractors -in this key Asia-Pacific region with products, service and support,”said Tom Ferguson, president of Flowserve Pump Division.
The acquisition also enhances Flowserve’s ability to provide aftermarket support for the installed base of hydraulic …
