International Metalworking Companies

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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 a comprehensive line of precision carbide metalworking tools. Together they produces a wide range of carbide inserts, carbide endmills and cutting tools covering all metal cutting applications, in addition to providing engineering and manufacturing solutions to major industries throughout the world. The IMC Group is a world leader in the automotive, aerospace, die and mold, general engineering, bearing manufacturing and oil and gas industries.

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

IMC Group
Subsidiary
IndustryManufacturing
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
SubsidiariesIscar, TaeguTec, Tungaloy, Ingersoll, etc.
Websitehttp://www.imc-companies.com

Berkshire Hathaway acquisition[edit]

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]

IMC Member Companies[edit]

External links[edit]

References[edit]

  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).