International Metalworking Companies

IMC International Metalworking Companies B.V., otherwise known as IMC Group, is the second largest company for metalworking products. With 14 member companies, today IMC supplies carbide metalworking tools. Together they produces a wide range of carbide inserts, carbide endmills and cutting tools covering all metal cutting applications. The IMC Group is in the automotive, aerospace, die and mold, general engineering, bearing manufacturing and oil and gas industries.

IMC Group
Subsidiary
IndustryManufacturing
Founded1952 
FounderStef Wertheimer
HeadquartersGalilee, Israel
Key people
Jacob Harpaz (Chairman)
Ilan Geri (President)
Han Hyun-jun (President)
Chuck Elder (President)
Satoshi Kinoshita (President)
Number of employees
13,000+
ParentBerkshire Hathaway
Websitehttp://www.imc-companies.com

Berkshire Hathaway acquisition

In 2006, Berkshire Hathaway and Iscar announced Berkshire acquired 80% of the Iscar Metalworking Companies (IMC) at a value for the whole group of US$5 billion.[1]

In 2013, Berkshire Hathaway and Iscar announced that Berkshire acquired 20% of IMC and it is now holding 100% of IMC's equity.[2]

Subsidiaries

Today, the IMC Group has over 130 subsidiaries in 65 countries.

Primary Subsidiaries:

References
  1. "Iscar Metalworking Companies Acquisition Completed". www.berkshirehathaway.com. Retrieved 2019-07-31.
  2. "Berkshire Hathaway to Acquire Balance of IMC International Metalworking Companies" (PDF).
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.