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Empresas y finanzas

Berkshire Hathaway Inc. - Iscar Ltd. Joint News Release; Berkshire Hathaway Completes Acquisition of Iscar Metalworking Companies


    Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) and
    Iscar, Ltd. today announced that Berkshire Hathaway has successfully
    completed its acquisition of 80% of the Iscar Metalworking Companies
    (IMC) in a transaction that valued IMC at US $5 billion.
    The Iscar Metalworking Companies is an industry leader in the
    metal cutting tools business through its Iscar, TaeguTec, Ingersoll
    and other IMC group companies. Berkshire now owns 80% of the business
    and the Wertheimer family, IMC's former shareholders, own the
    remaining 20%. IMC will continue to be managed by its current
    management team, including Chairman Eitan Wertheimer and President and
    Chief Executive Officer Jacob Harpaz, as well as the rest of its
    current worldwide management team. IMC will remain headquartered in
    Tefen, Israel, and its worldwide business operations will continue as
    usual.

    About Berkshire Hathaway

    Berkshire Hathaway and its subsidiaries engage in diverse business
    activities including property and casualty insurance and reinsurance,
    utilities and energy, finance, manufacturing, retailing and services.
    Common stock of the company is listed on the New York Stock Exchange,
    trading symbols BRK.A and BRK.B.

    About the Iscar Metalworking Companies (IMC)

    The Iscar Metalworking Companies provide a comprehensive range of
    tools for the full scope of metalworking applications. The group is
    dedicated to a philosophy of continuous improvement and innovation in
    all facets of its operations, including manufacturing, product
    development, distribution, sales, and administrative functions. IMC's
    products are manufactured in a global network of world-class,
    technologically advanced manufacturing campuses, the largest located
    in Tefen, Israel, and including facilities in the United States;
    Korea; Brazil; China; Germany; India; Italy and Japan; and sold
    through subsidiary offices and agents located in 61 major industrial
    countries worldwide.