Berkshire Hathaway, Inc., announced today that they are acquiring Oriental Trading Company.
Berkshire Hathaway is the investment group led by billionaire Warren Buffet, who serves as its Chairman and CEO. Oriental Trading Company is an 80-year-old Omaha-based company that is the nation’s largest direct seller of value-priced party supplies, arts and crafts, school supplies, toys and novelties, offering over 40,000 products. The company’s offerings include a large selection of scrapbooking and craft supplies.
The sale of Oriental Trading to Berkshire Hathaway is expected to close by the end of November. [Read more...]