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{{Infobox company |
{{Infobox company |
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| name |
| name = ISCAR Ltd. |
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| native_name_lang = English |
| native_name_lang = English |
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| romanized_name |
| romanized_name = |
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| logo |
| logo = |
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| image |
| image = |
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| image_caption |
| image_caption = |
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| type |
| type = [[Subsidiary]] |
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| traded_as |
| traded_as = |
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| founder |
| founder = [[Stef Wertheimer]] |
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| area_served |
| area_served = Worldwide |
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| key_people |
| key_people = Jacob Harpaz ({{small|[[CEO]]}})<br /> Ronen Zisser ({{small|[[CFO]]}}) |
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| industry |
| industry = Industrial manufacturing |
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| products |
| products = |
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| production |
| production = |
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| services |
| services = |
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| revenue |
| revenue = |
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| operating_income = |
| operating_income = |
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| net_income |
| net_income = |
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| aum = |
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| aum = |
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| assets = |
| assets = |
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| equity |
| equity = |
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| owner |
| owner = [[Berkshire Hathaway]] |
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| num_employees |
| num_employees = 10,000 |
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| subsid |
| subsid = |
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| homepage |
| homepage = [http://www.iscar.com/ ISCAR] |
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| location |
| location = [[Migdal Tefen]], Israel |
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| foundation |
| foundation = 1952 |
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}} |
}} |
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In May 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.<ref>http://www.jpost.com/Business/Business-News/Buffett-buys-remainder-of-Israels-Iscar-for-205b-311715</ref> 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."<ref>[http://www.haaretz.com/business/warren-buffett-iscar-continues-to-amaze-1.414822 Warren Buffett: Iscar 'continues to amaze']</ref> |
In May 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.<ref>http://www.jpost.com/Business/Business-News/Buffett-buys-remainder-of-Israels-Iscar-for-205b-311715</ref> 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."<ref>[http://www.haaretz.com/business/warren-buffett-iscar-continues-to-amaze-1.414822 Warren Buffett: Iscar 'continues to amaze']</ref> |
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Jacob Harpaz is the CEO of ISCAR and President of the IMC Group.<ref>[http://www.haaretz.com/hasen/spages/1100320.html Who on earth is Jacob Harpaz, Haaretz, July 15, 2009]</ref> Today, the IMC Group comprises 13 companies with 130 subsidiaries in over 60 countries around the globe. |
Mr. Jacob Harpaz is the CEO of ISCAR and President of the IMC Group.<ref>[http://www.haaretz.com/hasen/spages/1100320.html Who on earth is Jacob Harpaz, Haaretz, July 15, 2009]</ref> Today, the IMC Group comprises 13 companies with 130 subsidiaries in over 60 countries around the globe. |
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==See also== |
==See also== |
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| Company type | Subsidiary |
|---|---|
| Industry | Industrial manufacturing |
| Founded | 1952 |
| Founder | Stef Wertheimer |
| Headquarters | Migdal Tefen, Israel |
Area served | Worldwide |
Key people | Jacob Harpaz (CEO) Ronen Zisser (CFO) |
| Owner | Berkshire Hathaway |
Number of employees | 10,000 |
| Website | ISCAR |
ISCAR Metalworking 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]
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 Western 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 May 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. Jacob Harpaz is the CEO of ISCAR and President of the IMC Group.[5] Today, the IMC Group comprises 13 companies with 130 subsidiaries in over 60 countries around the globe.
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| Jewelry |
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| Scott Fetzer |
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| BH Energy |
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| Other businesses |
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| Major public company ownership positions |
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| Related |
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