Jarden Corp. to buy Yankee Candle

Yankee Candle's Pure Radiance line.

Rye, N.Y.-based consumer products company Jarden Corp. announced Tuesday that it has entered into a definitive purchase agreement to acquire Yankee Candle Investments LLC for about $1.75 billion in cash.

According to Jarden, the transaction will extend Jarden’s portfolio of consumer brands in niche, seasonal staple categories, while creating opportunities in cross-selling, broadening the global distribution platform, and deepening Jarden’s talent bench.

As an addition to Jarden’s Branded Consumables segment, Yankee Candle will balance Jarden’s portfolio, expanding this segment to approximately 35% of combined sales. The transaction isexpected to be funded with cash on hand, common equity and the balance through a mix of bank debt and bonds. 

Yankee Candle has delivered consistent organic growth that is in line with Jarden’s overall top-line growth profile of 3%-5%, as well as strong margins and solid cash flow. 

Other Jarden brands include Grill Master, Sunbeam, Mr. Coffee, First Alert, Coleman and dozens of others.

Recommended stories

Login or Register to post a comment.