ISCAR

Company Overview

Snapshot

Founded in January 1952 by Stef Wertheimer, ISCAR is a metalworking tool manufacturer with over 500 employees. The company was acquired by Berkshire Hathaway in May 2006.

Business overview

ISCAR designs and manufactures a comprehensive range of metalworking tools, including carbide inserts, end mills, drills, reamers, and advanced tool holders for turning, milling, and drilling. The company also provides metalworking solutions such as specialized coatings and versatile multifunction tools for complete machining capabilities. Its products and solutions serve industries like automotive, aerospace, and general manufacturing, operating within the Industrial Technologies sector.

Strategic signal

In March 2023, ISCAR partnered with Hoffmann Group to offer its complete tool range across Europe. This collaboration expands Hoffmann Group's product offerings and provides ISCAR with access to extensive customer support services, signaling a strategic move to enhance market penetration and distribution channels within the European market.

Company Intelligence Q&A

What was a significant partnership for ISCAR in 2023?

In March 2023, ISCAR partnered with Hoffmann Group to distribute its full range of tools throughout Europe. This collaboration aims to expand product offerings and leverage Hoffmann Group's customer support services.

When was ISCAR acquired and by whom?

ISCAR was acquired by Berkshire Hathaway in May 2006. Berkshire Hathaway later acquired the remaining 20% stake from the Wertheimer family in May 2013 for $2.05 billion, valuing ISCAR at $5 billion.

What product enhancement did ISCAR introduce in February 2020?

In February 2020, ISCAR added a new range of shims to its TRIDEEP gundrill line. This enhancement allows for diameter increases on existing standard gundrills, enabling accurate hole diameters previously achievable only with specialized drills.

What corporate social responsibility initiative did ISCAR undertake in March 2020?

In March 2020, ISCAR donated 20 ventilators to two Israeli hospitals to assist in treating critical patients during the Coronavirus pandemic. The company also provided masks and protective eyewear for medical staff.

What solutions does ISCAR provide for bearing applications?

In December 2016, ISCAR highlighted its comprehensive solutions for bearing applications, offering efficient tools for parting, trepanning, grooving, profiling, and turning operations. These solutions aim to ensure maximum performance, efficiency, and precision in bearing design for industries such as automotive and aerospace.