ISCAR Metalworking

ISCAR Ltd.

Type| Subsidiary
Industry| Industrial manufacturing
Founded| 1952; 74 years ago (1952)
Founders| Stef Wertheimer
Eitan 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

| 7000
Website| http://www.iscar.com/

## Contents

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

## Operations

ISCAR Ltd. is headquartered in Migdal Tefen, Israel, and operates internationally. The company is led by CEO Ilan Geri and IMC Group Chairman Jacob Harpaz.

The company supplies metal cutting tools to industries including aerospace, automotive, energy, medical, and general engineering. The company also develops tool geometries, clamping systems, and digital technologies for industrial manufacturing applications.

A major milestone occurred in 2006 when Berkshire Hathaway, led by Warren Buffett, becoming one of its largest non-insurance companies.[1]

## History

ISCAR was founded in 1952 by metalworker Stef Wertheimer in Nahariya, Israel. The company began as a family business and developed into a tool manufacturer.

During the 1970s and 1980s, ISCAR expanded its catalog of indexable tooling, including inserts and tools for turning, milling, and grooving, along with additional carbide grades and coatings.[2]

In 1982, the company relocated its operations to Migdal Tefen (Tefen industrial zone) in the Upper Galilee.[3] During the 1980s, under the leadership of Stef’s son, Eitan Wertheimer, ISCAR expanded operations into Europe, Asia, and the Americas.

In the 1990s, ISCAR expanded its international operations and developed modular tooling systems for machining applications. Its products have been adopted by manufacturers in sectors including automotive and aerospace.[4]

In 2006, Berkshire Hathaway acquired an 80% stake in ISCAR (through the International Metalworking Companies (IMC) group). Berkshire Hathaway acquired the remaining shares in 2013, making ISCAR fully owned by Berkshire Hathaway.[5]

2010s–present, ISCAR manufactures metal-cutting tools for machining operations including turning, milling, holemaking, threading, and parting and grooving.[6]

ISCAR is part of the International Metalworking Companies (IMC) Group—a network of over 150 subsidiaries in more than 60 countries.

## See also

* Economy of Israel
* Science and technology in Israel

## References

1. ↑ Warren Buffett: Iscar 'continues to amaze'
2. ↑ https://amtil.com.au/iscar-tool-development-amtil/
3. ↑ Warren Buffett buys out Israeli tool firm ISCAR for 2 billion
4. ↑ https://themachiningworld.com/new-development-benchmarks-in-milling-iscar/
5. ↑ https://www.reuters.com/article/world/americas/berkshire-buys-rest-of-israels-iscar-for-205-billion-idUSBRE9400HT/
6. ↑ https://themachiningworld.com/revolutionizing-machining-efficiency-with-iscars-fast-feed-tools/

## 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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