There is little or no doubt that the rising use of email and the exorbitant cost of greetings cards and postage played a major role in Westlake, Ohio-based American Greetings’ decision to shutdown their Bardstown, Kentucky facility and layoff approximately 450 workers.
In the tradition of corporate-speak, the company noted that it was "an evaluation of the company's future production needs" that drove the decision. And that “available space and capacity within the American Greetings network will be utilized” to minimize the impact of the closure scheduled by the end of February, 2019. It should be noted that the privately-owned company sold a 60% majority stake to Clayton Dubilier & Rice, one of the oldest (1978) private equity investment firms in the world.
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