Head of European Private Equity , said: “We are delighted to be working with the American Greetings management team, CD&R and the Weiss family. As a market leader in festive items in the U., Canada, the U., is ideally positioned to drive growth in the category, helping people connect and celebrate life’s moments. Elliott has extensive experience investing in the consumer sector, including our management of Barnes & Noble and Waterstones, and we are excited to leverage that experience to support American Greetings in its next chapter of growth.”
John Compton, CD&R partner and current American Greetings chairman, said: "We look forward to working with Elliott to continue to expand our holiday product portfolio into more product categories, customers brazil phone number list and geographies. This is an exciting opportunity to enhance the service we provide to our partners, consumers and retail partners." Upon completion of the acquisition, Elliott's Paul Best will assume the position of chairman of American Greetings.
Joe Arcuri, current president, chief executive officer and member of the board of directors of American Greetings , will continue in his position following the closing of the transaction . “Over the past few years, our consumerdriven, industryleading approach to holidays and innovative products have thrived and resonated with consumers,” said Joe Arcuri, CEO of American Greetings . “This transaction is a testament to our employees’ ongoing commitment to serving and delighting our consumers and customers. As we move toward our next phase of growth, we believe Elliott’s deep expertise, proven track record and resources make them the ideal strategic partner to accelerate our growth in the global holiday market.”