All posts in Jarden Corporation

 

Introducing Lifoam Industries, subsidiary of the Jarden Corporation

Over 50 years ago, LIFOAM Industries, LLC created the world’s first EPS foam ice chest and with it, an entire new industry. Through the years LIFOAM has expanded our expertise in the retail market by developing a variety of consumer products for leisure, first aid and shipping solutions. LIFOAM continues its growth pattern with new item introductions, patented product designs, and by purchasing existing businesses incorporating their expertise into our own.

LIFOAM’s Products are 100% recyclable and contain no Chlorofluorocarbons or other ozone depleting chemicals. Read more

BiggerLogoRye, New York — September 3, 2013 — Jarden Corporation (“Jarden” or the “Company”) (NYSE: JAH), a leading global consumer products company, announced today that it has entered into a definitive purchase agreement to acquire Yankee Candle Investments LLC (“Yankee Candle”), a leading specialty-branded premium scented candle company in the United States, from a fund managed by Madison Dearborn Partners, LLC, a private equity firm, for approximately $1.75 billion in cash, subject to working capital and other adjustments.

The transaction will extend Jarden’s portfolio of market-leading, consumer brands in niche, seasonal staple categories, while creating opportunities in cross-selling, broadening the global distribution platform, and deepening Jarden’s talent bench. Upon closing the transaction, Jarden would have pro forma net sales and adjusted EBITDA of approximately $7.7 billion and $1.0 billion, respectively, for the twelve months ended June 30, 2013. As an addition to Jarden’s Branded Consumables segment, Yankee Candle will further balance Jarden’s portfolio, expanding this segment to approximately 35% of combined sales. The transaction is expected to be funded with cash on hand, common equity and the balance through a mix of bank debt and bonds.

Read more