Warren Buffet completed his acquisition of Israel’s Iscar tool-making company on May 1.
“Israel should continue to do what it’s doing,” Buffett said in an interview with Israel Hayom. “You are a nation of entrepreneurs with amazing abilities. Israel must continue to provide them with the best and most comfortable work climate. That is the government’s responsibility: to create a comfortable climate for entrepreneurs.”
Buffett, who acquired 80 percent of Iscar in 2006, purchased the remaining 20 percent from the Wertheimer family for $2.05 billion.
Iscar will remain in Israel following Buffett’s acquisition, said Eitan Wertheimer, chairman of the Inter-national Metalworking Companies (IMC) group, with which Iscar is affiliated. IMC is part of Berkshire Hathaway, Buffett’s holding company. — jns.org