Berkshire Hathaway acquires Iscar / IMC International Metalworking Companies

Berkshire Hathaway acquired Iscar / IMC International Metalworking Companies for 80% interest acquired July 2006; remaining 20% acquired April 2013 for approximately $2.05 billion, a transaction completed in July 2006, structured as all cash (staged).

Iscar / IMC International Metalworking Companies operates in Manufacturing / metal-cutting tools, is based in Tefen, Israel. Berkshire acquired an 80% interest in the Israel-based IMC International Metalworking Companies (Iscar) on July 5, 2006, one of the world's three largest makers of consumable precision carbide metal-cutting tools, with brands including Iscar, TaeguTec, Ingersoll and Tungaloy. On April 29, 2013 Berkshire bought the remaining 20% for about $2.05 billion, taking full ownership. It was Berkshire's first major acquisition of a company based outside the United States.

Global leadership in consumable industrial tooling with recurring demand.

On April 29, 2013, Berkshire acquired the remaining 20% noncontrolling interests of IMC B.V. ... $2.05 billion. Berkshire now owns 100% of IMC International Metalworking Companies B.V.Berkshire Hathaway FY2013 10-K, Business Acquisitions note

Advisory firms were not disclosed for this transaction.

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