Global investor Warren Buffett's US-based Berkshire Hathaway investment company has bought 80 per cent of the stock of Israel-headquartered Iscar Metalworking Companies (IMC). The deal is put at 4 billion dollars. Headquartered in Tefen, Israel, but with operations worldwide, IMC includes tooling companies Iscar, TaeguTec (Chase F-Ball, pictured], CTMS, Ingersoll Cutting Tools, Outiltec, Metaldur, and Unitac. The deal for the privately held firm will leave 20 per cent in the hands of the Wertheimer family, IMC's current shareholders.
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