American Greetings Corporation
American Greetings Announces Plans to Acquire Recycled Paper Greetings
Published in Law and Health Weekly, January 17th, 2009
American Greetings has agreed to purchase Recycled Paper Greetings, Inc. ("Recycled Paper"). Recycled Paper is a Chicago-based preeminent creator and designer of humorous greeting cards with annual net sales of approximately $80 million. Recycled Paper's humor cards are distributed primarily through mass retail partners, drug stores and specialty retail stores. The transaction is subject to various closing conditions including a Chapter 11 reorganization process being successfully completed for Recycled Paper and other closing conditions.
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