Elliott Investment Management Acquires Majority Interest in American Greetings
February 3, 2025
Elliott Investment Management will purchase a majority ownership stake in American Greetings, with CD&R and the Weiss family retaining a significant minority stake. The transaction is focused on accelerating American Greetings’ growth across its Celebrations portfolio and geographic footprint.
- Buyers
- Elliott Investment Management L.P., Clayton, Dubilier & Rice, Weiss family (descendants of Jacob Sapirstein)
- Targets
- American Greetings Corporation
- Industry
- Consumer Products
- Location
- Ohio, United States
- Transaction Type
- Buyout
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