ISCAR Metalworking

ISCAR Ltd.

Type| Subsidiary
Industry| Industrial manufacturing
Founded| 1952; 74 years ago (1952)
Founder| Stef Wertheimer
Headquarters| Migdal Tefen, Israel

Area served

| Worldwide

Key people

| Jacob Harpaz (Chairman of the Board)
Ilan Geri (CEO)
Owner| IMC Group

Number of employees

| 12,000
Website| http://www.iscar.com/

ISCAR Ltd. is an Israeli multinational metal cutting tools company affiliated with one of the world's largest metalworking conglomerates, the IMC Group (International Metalworking Companies). ISCAR and the IMC Group were acquired by Warren Buffett's Berkshire Hathaway in 2006, becoming one of its largest non-insurance companies.[1]

## Contents

* 1 History
* 2 See also
* 3 References
* 4 External links

## History

ISCAR was founded in 1952 by Stef Wertheimer, an Israeli metalworker in his backyard. It was originally located in Nahariya. In 1982, it moved to Migdal Tefen (Tefen industrial zone) near Kfar Vradim in the Upper Galilee.[2] Since its inception, ISCAR has expanded from a single-marketing and manufacturing facility to a multinational company with representation in over 50 countries.

In 2006, Berkshire Hathaway, chaired by American investor Warren Buffett, purchased ISCAR and the IMC Group, making it the company's first international acquisition outside the United States.[3] In 2008, Buffett called the acquisition of the IMC Group a "dream deal" that surpassed all his expectations. In a letter to shareholders, managers were described as "brilliant strategists and operators," and Buffett praised the sales growth and performance of the company as "unique in its industry."[4]

Mr. Ilan Geri is the CEO of ISCAR, and Mr. Jacob Harpaz is the Chairman of the Board of the IMC Group.[5]

## See also

* Economy of Israel
* Science and technology in Israel

## References

1. ↑ Warren Buffett: Iscar 'continues to amaze'
2. ↑ Warren Buffett buys out Israeli tool firm ISCAR for 2 billion
3. ↑ "Buffett buys remainder of Israel's Iscar for $2.05b". https://www.jpost.com/Business/Business-News/Buffett-buys-remainder-of-Israels-Iscar-for-205b-311715.
4. ↑ Warren Buffett: Iscar 'continues to amaze'
5. ↑ "Who on earth is Jacob Harpaz, Haaretz, July 15, 2009". https://www.haaretz.com/hasen/spages/1100320.html.

## External links

* No URL found. Please specify a URL here or add one to Wikidata.
* ISCAR Global Companies

* v
* t
* e

Berkshire Hathaway

Board of
directors|

* Warren Buffett (Chairman and CEO)
* Charlie Munger
* Greg Abel
* Howard Graham Buffett
* Susan Decker
* Bill Gates
* David Gottesman
* Charlotte Guyman
* Ajit Jain
* Thomas Murphy
* Ronald Olson
* Walter Scott Jr.

Insurance|

* Berkshire Hathaway Assurance
* Berkshire Hathaway Homestate Companies
* Kansas Bankers Surety Company
* Berkshire Hathaway Specialty Insurance
* BoatUS
* Central States Indemnity
* Gateway Underwriters Agency
* GEICO
* GEICO Marine Insurance Company
* Gen Re
* MedPro Group
* National Indemnity Company
* GUARD Insurance
* United States Liability Insurance Group

Materials and
construction|

* Acme Brick
* Benjamin Moore & Co.
* Charter Brokerage
* Clayton Homes
* International Metalworking Companies
* Johns Manville
* Lubrizol
* Marmon
* Marmon-Herrington
* Procor
* Union Tank Car Company
* MiTek
* Mouser Electronics
* Precision Castparts Corp.
* Carlton Forge Works
* Special Metals
* Timet
* Wyman-Gordon
* Shaw Industries
* TTI

Furniture|

* CORT Business Services
* Jordan's Furniture
* Larson-Juhl
* Nebraska Furniture Mart
* RC Willey Home Furnishings
* Star Furniture

Apparel|

* Brooks Sports
* Fruit of the Loom, Inc.
* American Athletic
* Best Form
* Curvation
* Dudley
* Exquisite Form
* Fruit of the Loom
* Jerzees
* Lily of France
* Russell Athletic
* Spalding
* Vanity Fair
* Vassarette
* Fechheimer Brothers
* Garanimals
* H.H. Brown Shoe Group
* Acme Boots
* Justin Brands
* Louis

Transportation|

* Berkshire Hathaway Automotive
* Burlington Northern Santa Fe Corporation
* FlightSafety International
* Forest River
* Marquis Jet
* McLane
* NetJets
* NetJets Europe
* UTLX
* XTRA Lease

Food|

* CTB International
* International Dairy Queen
* Dairy Queen
* Karmelkorn
* Orange Julius
* Kraft Heinz
* The Pampered Chef
* See's Candies

Media|

* Business Wire
* WPLG

Jewelry|

* Ben Bridge Jeweler
* Borsheim's Fine Jewelry
* Helzberg Diamonds
* Richline Group

Scott Fetzer|

* Campbell Hausfeld
* Ginsu
* Kirby
* World Book Encyclopedia

Energy|

* MidAmerican Energy Company
* NV Energy
* PacifiCorp
* Northern Powergrid
* CalEnergy Generation
* Kern River Gas Transmission Company
* Northern Natural Gas
* HomeServices of America

Other|

* Duracell
* Oriental Trading Company

Related articles|

* Blue Chip Stamps
* Wesco Financial
* Owned assets
* Becoming Warren Buffett

* Category

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