ISCAR Metalworking

Israeli manufacturing company

"Iscar" redirects here. For the municipality in the province of Valladolid, Spain, see Íscar.

ISCAR Ltd.

Company type| Subsidiary
Industry| Industrial manufacturing
Founded| 1952; 73 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/

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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]

## History

[edit]

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

[edit]

* Economy of Israel
* Science and technology in Israel

## References

[edit]

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".
4. ^ Warren Buffett: Iscar 'continues to amaze'
5. ^ "Who on earth is Jacob Harpaz, Haaretz, July 15, 2009". Archived from the original on July 18, 2009. Retrieved July 15, 2009.

## External links

[edit]

* Official website
* ISCAR Global Companies

* v
* t
* e

Berkshire Hathaway

Board of
directors|

* Warren Buffett
* Greg Abel
* Howard Graham Buffett
* Susan Decker
* David Gottesman
* Ajit Jain
* Ronald Olson
* Walter Scott Jr.

Predecessors|

* Valley Falls Company
* Berkshire Fine Spinning Associates
* Hathaway Manufacturing Company

Insurance|

* GEICO
* BoatUS

| Berkshire Hathaway
Primary Group|

* Alleghany Corporation
* RSUI
* CapSpecialty
* Berkshire Hathaway Direct
* Berkshire Hathaway Homestate Companies
* Kansas Bankers Surety Company
* Berkshire Hathaway Specialty Insurance
* Central States Indemnity
* GUARD Insurance
* MedPro Group
* MLMIC
* National Indemnity Company
* Berkshire Hathaway Assurance

|

Berkshire Hathaway
Reinsurance Group|

* Alleghany Corporation
* TransRe
* Berkshire Hathaway Life
* Gen Re

Railroad|

* BNSF

BH Energy|

* AltaLink
* BHE Pipeline Group
* BHE GT&S
* Kern River Gas Transmission Company
* Northern Natural Gas
* BHE Renewables
* HomeServices of America
* Edina Realty
* Long & Foster
* RealtySouth
* MidAmerican Energy Company
* Northern Powergrid
* NV Energy
* PacifiCorp

Manufacturing|

| Industrial
products|

* CTB International
* Meyn
* International Metalworking Companies
* ISCAR Metalworking
* TaeguTec
* Tungaloy
* LiquidPower Specialty Products
* Lubrizol
* Marmon
* Campbell Hausfeld
* Marmon-Herrington
* Procor
* Union Tank Car Company
* Ginsu
* World Book Encyclopedia
* Precision Castparts Corp.
* Carlton Forge Works
* Special Metals
* Timet
* Wyman-Gordon
* W&W

|

Building
Products|

* Acme Brick
* Benjamin Moore & Co.
* Clayton Homes
* Johns Manville
* MiTek
* Shaw Industries

Consumer
Products|

| RVs|

* Forest River

|

Apparel|

* Fechheimers
* Fruit of the Loom
* BVD
* Russell Athletic
* Spalding
* Vanity Fair Brands
* Exquisite Form
* Vassarette
* Garan

Footwear|

* BH Shoe Holdings
* H. H. Brown
* Double-H Boots
* Justin Brands
* Chippewa Boots
* Justin Boots
* Nocona Boots
* Tony Lama Boots
* Brooks Sports

Other|

* Duracell
* Jazwares
* Squishmallows
* Larson-Juhl
* Richline Group

Service and
Retailing Businesses|

| Services|

* Affordable Housing Partners
* Business Wire
* Charter Brokerage
* CORT Business Services
* FlightSafety International
* International Dairy Queen
* Dairy Queen
* Orange Julius
* IPS
* McLane
* NetJets
* TTI
* Mouser Electronics
* WPLG
* XTRA Lease

|

Retailing|

| Auto|

* Berkshire Hathaway Automotive

|

Furniture|

* Jordan's Furniture
* Nebraska Furniture Mart
* RC Willey Home Furnishings
* Star Furniture

Jewelry|

* Ben Bridge Jeweler
* Borsheims
* Helzberg Diamonds

Other|

* Louis
* Oriental Trading Company
* The Pampered Chef
* Pilot Flying J
* See's Candies

Major public
company ownership
positions|

* American Express (18%)
* Apple (6%)
* Bank of America (12%)
* Coca-Cola Company (10%)
* DaVita (32%)
* Kraft Heinz (27%)
* Moody's (13%)
* RH (9%)

Related|

* Oliver Chace
* Charlie Munger
* Poor Charlie's Almanack
* Berkshire Hathaway Media
* Blue Chip Stamps
* Scott Fetzer
* Wesco Financial
* Owned assets
* Becoming Warren Buffett

* Category

Authority control databases |

* ISNI

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