BusinessWire states Warren Buffett’s Berkshire Hathaway, Inc. has acquired the 20 percent of International Metalworking Companies (IMC) B.V. of Tefen, Israel that it does not already own for $2.05 billion. IMC manufactures and distributes a wide range of metalworking tools for numerous applications through its facilities and subsidiaries in 61 major industrial countries spanning the globe. Says Warren Buffett, “Since the time IMC entered our lives, my partner, Charlie Munger, and I have enjoyed Berkshire’s association with the company, the Wertheimer family, and the company’s management team.” IMC President and CEO Jacob Harpaz says, “We are confident that being part of the Berkshire family will continue to help us strengthen our position worldwide and maintain the phenomenal growth that we have experienced over the past 60 years.” IMC was started by Miriam and Stef Wertheimer. As MHProNews knows, Clayton Homes, the largest producer of manufactured and modular homes in North America, is part of the Berkshire Hathaway group of companies.
