IMCO Carbide Tool Inc.,Perrysburg, Ohio said in a press release dated Sept.2, 2020 that it now operates as part of the IMC Group. IMC is an international family of metalworking companies and part of Berkshire Hathaway Inc.. While details of the August, 2020 agreement were not disclosed, company leadership said most aspects of IMCO’s operations and product portfolio will remain unchanged.
IMCO will continue operating from its Perrysburg site, producing end mills and other machining products under the IMCO brand, Perry Osburn, President, said. The staff and management team, skilled tool grinders, sales and customer support teams will remain the same. Any differences will occur in the product development assets now available to IMCO, he said.
“IMC Group is the second-largest metalworking business in the world,” Osburn said. “Like us, they’re known for innovation and product excellence. And they have technologies and other resources that can help us bring new products to market faster. As part of Berkshire Hathaway, we’ll be able to draw on their financial resources to maintain continuous improvement in manufacturing and pursue new challenges and opportunities.”
Those opportunities include plans for plant expansion, he said, to be announced soon.