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Oriental Trading Company is a direct merchant of value-priced party supplies, arts and crafts, toys, novelties, and school supplies. [5] It was founded in 1932 as a wholesaling company. It is based in Omaha, Nebraska, and is owned by Berkshire Hathaway. [6] [7] Alternative known names for Oriental Trading Company include "Oriental Trading" & "OTC".
When Watanabe became president and part owner of Oriental Trading Company in 1977, he shifted the company's focus from carnivals to supplying party goods for churches, schools, retailers, and individuals. In 2000, Watanabe sold his stake in the company to Los Angeles-based private equity firm Brentwood Associates and resigned as CEO and president.
Nov 2 (Reuters) - Warren Buffett's Berkshire Hathaway Inc (BRK-A, BRK-B) is to buy direct marketing toy and party supplies merchant Oriental Trading Co for $500 million, the Wall Street Journal ...
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