Torishima Pump Mfg Co Ltd of Japan has acquired a 50% stake in Fluid Equipment Development Company (FEDCO), the US manufacturer of high- and low‑pressure pumps and energy-recovery equipment for desalination.
Torishima currently designs and manufactures centrifugal pumps and pumping systems for a variety of applications with installations throughout the world. FEDCO, based in Monroe, Michigan, says that the transaction was completed on 6 June 2013.