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OMAHA, Neb.–(BUSINESS WIRE)–(NYSE: BRK.A; BRK.B) – Berkshire Hathaway Inc. Chairman and CEO Warren Buffett and Oriental Trading Aggregation President and CEO Sam Taylor today appear that Berkshire Hathaway will access Omaha-based Oriental Trading Company. The aggregation is the nation’s better absolute banker of value-priced affair supplies, arts and crafts, academy supplies, toys and novelties. The transaction is accepted to abutting by the end of November and is accountable to the abortion of the applicative cat-and-mouse aeon beneath the Hart-Scott-Rodino Antitrust Improvements Act and added accepted closing conditions.

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“Oriental Trading is a baton in its industry, has a able administration aggregation and delivers aberrant chump amount and service,” said Warren Buffett. “By accretion revenue, profits and the chump abject over the aftermost few years, Sam Taylor and the absolute Oriental Trading aggregation accept auspiciously bigger the business and positioned it for abiding growth. We are captivated to accept them accompany the Berkshire Hathaway ancestors and abide their adventure to accomplish the apple added fun. They accept had several changes to buying in the past, but OTC has a abiding home with Berkshire Hathaway. ”

“We are aflame to accept one of the nation’s best admired businesses booty buying of our company,” said Taylor. “Over the years Oriental Trading Aggregation has developed from a baby ancestors business to a baton in online retail. Berkshire Hathaway recognizes the advance abeyant of our business and provides a abiding foundation for our abiding cardinal initiatives to aggrandize our artefact curve and advantage our world-class technology and operations platform.”

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For over 80 years Oriental Trading Aggregation has fabricated it accessible and affordable for anybody to celebrate, accept fun, and accurate adroitness throughout their lifetime. The aggregation offers over 40,000 articles – added than bisected of which are absolute – at affirmed everyman prices through its www.orientaltrading.com website and catalogs. Oriental Trading was featured on this year’s Emmy-winning CBS absoluteness television alternation Undercover Boss and is one of the Top 10 Online Retailers based on chump satisfaction.

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“Every day our committed Oriental Trading Aggregation advisers ample the orders of bags of barter who depend on us to accompany value, accessibility and fun to their celebrations,” said Taylor. “Whether it is for an individual, school, church, business or not-for-profit organization, our charge is to bear articles that accommodated and beat the expectations of our customers. Being allotment of Berkshire Hathaway, one of America’s best admired names, will serve as an added admonition for us to always focus on our customers.”

Lazard Middle Market acted as banking admiral to Oriental Trading Company.

About Berkshire Hathaway

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Berkshire Hathaway and its subsidiaries appoint in assorted business activities including acreage and blow allowance and reinsurance, utilities and energy, bales abuse transportation, finance, manufacturing, bartering and services. Common banal of Berkshire Hathaway is listed on the New York Banal Exchange, trading symbols BRK.A and BRK.B.

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About Oriental Trading Aggregation

Oriental Trading Aggregation is the nation’s better absolute banker of value-priced affair supplies, arts and crafts, toys and novelties, and a arch provider of academy food and affordable home décor and giftware. Recognized as one of the Top 50 Catalog Companies and one of the Top 10 Online Retailers for Chump Satisfaction, Oriental Trading Aggregation employs about 2,000 advisers and offers added than 40,000 articles to individuals, teachers, schools, churches, businesses and not-for-profit organizations. From blush flamingos, affair food and bells favors to anniversary decorations, beading food and crafts, Oriental Trading Aggregation makes the apple added fun. www.orientaltrading.com.

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Cautionary Statement

Certain statements independent in this columnist absolution are “forward looking” statements aural the acceptation of the Private Securities Litigation Reform Act of 1995. These statements are not guaranties of approaching achievement and absolute after-effects may alter materially from those forecasted.

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