IMCO Carbide Tool Joins IMC Group
IMCO will continue operating from its Perrysburg, Ohio, location, where it produces end mills and other machining products under the IMCO brand.
IMCO Carbide Tool Inc. now operates as part of the IMC Group, an international family of metalworking companies and part of Berkshire Hathaway Inc. 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, Ohio, location, where it produces end mills and other machining products under the IMCO brand. 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.
“IMC Group is the second largest metalworking business in the world,” says Perry Osburn, president of IMC Carbide Tool. “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.”
Benefits for IMCO include access to more technologies for product development and growth opportunities. “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,” Osburn says. “Those opportunities include plans for plant expansion.”
IMC Group is comprised of 13 companies, with more than 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.