American Greetings Announces Acquisition of Watermark Publishing

American Greetings Corporation AM today announced that its European subsidiary, UK Greetings Ltd., has acquired Watermark Publishing Limited, a privately held company located in Corby, England. Terms of the transaction were not disclosed.

Watermark is a leader in the United Kingdom in the innovation and design of greeting cards. Established in 1990, Watermark has grown to approximately $40 million of annual revenue and employs about 250 associates.