from the June 2006 issue

Warren Buffet buys second Israeli company

CTP, a subsidiary of Buffet's Berkshire Hathaway, purchased 60 percent of Israel's Agrologic agricultural manufacturing company. The company produces climate control systems, as well as weighing systems for feed and poultry.

Agrologic, started by Israelis Jan Lichten and Yochanan Hershtik in 1998, has 20 employees and is based in Netanya.

CTB president and CEO Victor A. Mancinelli said, "Agrologic is recognized for its innovative and cost-efficient designs. We are also impressed with how Agrologic has used cellular technology in some of their systems."

Agrologic CEO Lichten said that the development will "make available all [CTB's] global marketing network and broad economic backing, that will enable us to grow. It's the biggest company in the world in its field."

Reprinted from the Israel High-Tech & Investment Report June 2006

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