Elliott Investment Management completed the acquisition of a majority stake in American Greetings from Clayton, Dubilier & Rice.

Elliott Investment Management, a Florida-based investment firm, completed the acquisition of a majority stake in American Greetings, a designer and manufacturer of social expression products. from Clayton, Dubilier & Rice, a private equity firm. Financial terms were not disclosed. "We are looking forward to partnering with the American Greetings leadership team, CD&R and the Weiss family, and using our sector and international experience to support the next phase of the company's growth," Paul Best, Elliott Senior Managing Director and Head of European Private Equity.