Iscar Metalworking was Warren Buffett's first purchase outside the U.S. Now another Israeli company, AgroLogic, and its subsidiary Cellulogic can be added to the list. The deal, estimated to be in the $5-$10 million range, is for the purchase of 60 percent of the company.
CTB International, an Indiana-based member of Buffett's Berkshire Hathaway group, said Tuesday it has signed an agreement to buy controlling interest in AgroLogic. AgroLogic co-manager Jan Lichten confirmed the deal. CTB, which Berkshire bought in 2002, did not say how much it was paying for controlling interest in AgroLogic, or release any other financial data
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CTB International, an Indiana-based member of Buffett's Berkshire Hathaway group, said Tuesday it has signed an agreement to buy controlling interest in AgroLogic. AgroLogic co-manager Jan Lichten confirmed the deal. CTB, which Berkshire bought in 2002, did not say how much it was paying for controlling interest in AgroLogic, or release any other financial data
Read the complete article