KROMI Logistik AG ("KROMI") has concluded an extensive strategic alliance with the global cutting tools manufacturer, the IMC Group ("IMC"). Being one of the world's largest carbide cutting tool manufacturers for the global metal removal industry, IMC will also make a capital investment in KROMI through which it will acquire an equity participation in KROMI. Corresponding agreements were signed today.
The IMC Group, which is 80% owned by Berkshire Hathaway and with the remaining 20% being owned by the Wertheimer family, operates in over 65 countries through wellknown cutting tool manufacturers which are all residing under its roof. These include
The IMC Group, which is 80% owned by Berkshire Hathaway and with the remaining 20% being owned by the Wertheimer family, operates in over 65 countries through wellknown cutting tool manufacturers which are all residing under its roof. These include
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