Berkshire Hathaway has acquired retailer Oriental Trading Company, reports Internet Retailer. Financial details of the deal have not yet been made public, although the acquisition is suppose to close by the end of the month.
“Oriental Trading is a leader in its industry, has a strong management team and delivers exceptional customer value and service,” said Berkshire Hathaway CEO Warren Buffet. “By increasing revenue, profits and the customer base over the last few years, Oriental Trading team has successfully improved the business and positioned it for long-term growth.”
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