IMCO Carbide Tool Joins the IMC Group
IMCO cites benefits including access to more technologies for product development and growth opportunities.
PERRYSBURG, Ohio– IMCO Carbide Tool Inc. now operates as part of the IMC Group, an international family of metalworking companies and part of Berkshire
Hathaway Inc., the company announced. While details of the August agreement were not disclosed, company leadership said most aspects of IMCO’s operations and product portfolio will remain unchanged.
IMCO will continue operating from its Perrysburg site, producing end mills and other machining products under the IMCO brand, Perry Osburn, President, said. The staff and management team, skilled tool grinders, sales and customer support teams will remain the same. Any differences will occur in the product development assets now available to IMCO, he said.
“IMC Group is the second-largest metalworking business in the world,” Osburn said. “Like us, they’re known for innovation and product excellence. And they have technologies and other resources that can help us bring new products to market faster.
“As part of Berkshire Hathaway, we’ll be able to draw on their financial resources to maintain continuous improvement in manufacturing and pursue new challenges and opportunities.” Those opportunities include plans for plant expansion, he said, to be announced soon.
About IMCO Carbide Tool Inc.
Since 1977, IMCO Carbide Tool Inc. has focused on one goal: To provide manufacturers in a variety of industries with technologically advanced tools that will help them achieve new levels of profitability, customer satisfaction and competitive advantage. By revolutionizing the way their tools are designed, produced, tested and used, IMCO strives to meet the ever-changing needs of a technologically diverse customer base. In serving the needs of customers worldwide, IMCO will continue to focus investments on issues that matter most to users – product quality, performance and service. For more information, call 1-800-765-4626 or visit imcousa.com.
About the IMC Group
Comprised of 13 companies, with over 130 subsidiaries in 60 countries, the IMC Group has a portfolio of companies that produce a comprehensive line of high-precision carbide metalworking tools. A wholly-owned subsidiary of Berkshire Hathaway, the IMC Group is headquartered in Tefen, Israel, where it was founded in 1952. Since then, it has grown to become the second-largest company for metal-cutting products in the world. Find out more at imc-companies.com.