Tag: Tungaloy
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Warren Buffet’s Iscar Ltd of Israel acquired Japanese tungsten carbide tool maker Tungaloy for US$ 1 billion
22 Sept 2008, author Gerhard Fasol The Israeli company Iscar has completed the acquisition of Japanese competitor Tungaloy Corporation. Iscar acquired more than 90% of outstanding shares for around US$ 1 billion from Nomura Principal Finance Co. The acquisition of Tungaloy by Warren Buffet/Berkshire Hathaway’s Iscar was announced on Monday September 22, 2008. Iscar is…