IMCO Carbide Tool joins the IMC Group

IMCO Carbide Tool Inc., an Ohio-based tool manufacturer, has joined the IMC Group, an international family of metalworking companies that is part of Berkshire Hathaway Inc. conglomerate.

While details of the August agreement were not disclosed, company leadership said most aspects of IMCO’s operations and product portfolio will remain unchanged.  Perry Osburn, company president, said that IMCO will continue operating from its Perrysburg, Ohio, site, producing end mills and other machining products under the IMCO brand, and that staff will remain the same. Any differences will occur in the product development assets now available to IMCO, he said.

Osburn said that the IMC’s technologies and resources will help IMCO bring new products to market faster, while the relationship with Berkshire Hathaway will provide financial resources to “maintain continuous improvement in manufacturing and pursue new challenges and opportunities,” he said. Those opportunities include plans for plant expansion, he said.

IMCO, established in 1977, provides advanced tools for its customers. The IMC Group is a multinational conglomerate with 13 companies and more than 130 subsidiaries in 60 countries, under its umbrella. A wholly owned subsidiary of Berkshire Hathaway, the IMC Group is headquartered in Tefen, Israel, and has a portfolio of companies that produce a comprehensive line of high-precision carbide metalworking tools.

To learn more about IMCO, it can be reached at 800-765-4626 or by visiting the website at imcousa.com. To learn more about the IMC Group, visit www.imc-companies.com.