- ISCAR Metalworking
Iscar Metalworking is a toolmaking company based in
Israel , founded byStef Wertheimer .The company was founded in 1952 in a wooden garage behind the home of
Stef Wertheimer . After several years of steady expansion, the company headquarters moved to its current site in the [http://www.open-museums.co.il/ Tefen Industrial Zone] , situated in Israel's Western Galilee.ISCAR has expanded from a single marketing and manufacturing facility in Israel to a multinational company with representation in over 50 countries.
An 80% stake of the company was purchased by
Berkshire Hathaway in May2006 for the price of US$4 billion in its first-ever acquisition outside the United States. Berkshire Hathaway is chaired byWarren Buffett . Production facilities are highly automated, enabling the plant to be run at night by one person at home on their computer. [citeweb | url=http://www.timesonline.co.uk/tol/news/world/middle_east/article1803568.ece | title=State of siege: Israel flourishes amid the bombs | accessdate=2007-05-21]In 2008, Warren Buffett called the acquisition of Iscar a "dream deal" that surpassed all his expectations. He personally attended the inauguration of a new production plant in
Dalian ,China . [ [http://www.haaretz.com/hasen/spages/916797.html Buffett personally cuts ribbon at Iscar China - Haaretz - Israel News ] ]International Offices
Iscar has production facilities in
Israel ,France ,Argentina ,Germany ,Brazil ,Italy ,The United States of America , TheNetherland ,Spain ,South Korea ,Switzerland ,Turkey andThe United Kingdom . [citeweb | url=http://www.iscar.com/Section.asp/CountryID/1/SectionID/6/SectionFatherID/1 | title=iscar.com | accessdate=2008-04-08]External links
* [http://www.iscar.com Iscar Cutting Tools]
* [http://www.businessweek.com/globalbiz/content/may2006/gb20060508_953503.htm Buffett Takes a Cut of Iscar/ By Neal Sandler] - from Businessweek onlineReferences
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