Content about American Greetings Corp.

April 1, 2013

American Greetings Corp. said that the founding Weiss family has reached a deal to acquire the gift cards and party goods company for about $878 million.

Cleveland -- American Greetings Corp. said Monday that the founding Weiss family has reached a deal to acquire the gift cards and party goods company for about $878 million.

The transaction is expected to close in July, and “returns the company to private ownership in a way that we believe enables the company to continue to serve the interests of its customers, employees, suppliers and the communities in which it operates as it has for over a century," said Jeffrey Weiss, president and COO.