An Israeli Company That Warren Buffett Is Bullish OnAugusto Rossi
Iscar is an Israeli multinational metal cutting tools company affiliated with one of the worlds' largest metalworking conglomerates, the IMC Group. In 2006, Iscar and the IMC Group were acquired by Berkshire Hathaway is one of the biggest foreign investments in an Israeli company for about $4 billion for 80% of the metalworks, being its first international acquisition outside the United States. Buffet bought the other stake of the company for $2 billion in 2013, valuing the company at $10 billion. In 2008, Buffett called the purchase of the IMC Group a “dream deal” that exceeded all his expectations. In . . .
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