- Otasco
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For the rock band, see Otasco (band).
Otasco (Oklahoma Tire and Supply Company) was a retail chain specializing in auto parts and appliances based in Tulsa, Oklahoma.
It was first established in 1918 by three Jewish Lithuanian immigrant brothers, Sam (1898–1939), Maurice (1891–1970), and Herman (1889–1971) Sanditen, who opened the first Otasco store in Okmulgee. The company moved its headquarters to Tulsa in 1925. In 1960, the McCrory Corporation bought the company. In 1968, the chain had 455 units in 12 states. In 1984, the firm's employees bought the company from McCrory, creating one of the largest employee-owned companies in America.[1] In 1988, the retail chain filed for Chapter 11 bankruptcy which resulted in the closing of 170 stores across 11 states and the loss of 1,600 jobs.[2]
As of 2008, an Otasco was still apparently operating in Beaver, Oklahoma.[3] Borger, Texas, also has a store operating under the Otasco name in 2009. [4]
Categories:- Defunct retail companies of the United States
- Defunct discount stores of the United States
- History of Tulsa, Oklahoma
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