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Warren Buffet Completes Takeover of Israeli Company Active in Turkey
by Open-Publishing - Thursday 2 May 2013Buffet Completes Takeover of Israeli Company Active in Turkey
Eitan Wertheimer, Chairman of International Metalworking Companies Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2012: A Fortune Magazine Book
Buffet Completes Takeover of Israeli Company Active in Turkey
Israel’s Cutting Edge
By www.roytov.com
Certain issues are so unusual that finding a proper way of introducing or entitling them is almost impossible. Everything related to Iscar is odd, including its location near the Lebanese border (see map below). Migdal Tefen is one of the only two Industrial Councils in Israel, the other is Ramat Hovav in the Negev Desert. Like its neighbor town, Kfar Vradim (Village of Roses), the council is directly related to the activities of Stef Wertheimer, founder of Iscar. The main activity of the company is as strange as its name; it specializes on high-precision cutting tools for hard metals.
It sounds so boring that one is tempted to fall asleep even before ending to read the definition. Yet, Warren Buffett, a well known American businessman and investor, and one of the world’s richest men, chose it as his first company purchase outside the USA.