American Greetings Corporation

American Greetings has been building its sturdy house of cards for more than a century. The company holds the #1 position by volume in the North American greeting card market and #2 by sales behind Hallmark. It produces greeting cards, party goods, and gift wraps under iconic brand names such as American Greetings, Papyrus, Recycled Paper Greetings, and Carlton Cards. The company's AG Interactive subsidiary distributes online greeting cards and other interactive media. The company's products are sold through more than 60,000 card and stationery stores, mass merchants, and other retail outlets worldwide. Clayton, Dubilier & Rice owns 60% stake in family-owned American Greetings. Descendants of the founding family retained the other 40%.