Jarden Corporation
 |
|
| Traded as | : JAH |
|---|---|
| Industry | Consumer goods |
| Fate | Acquired by Newell Rubbermaid |
| Successor | Newell Brands |
| Founded | 2001 |
| Founder | Martin E. Franklin |
| Headquarters | United States |
|
Area served
|
Worldwide |
|
Key people
|
Martin E. Franklin (Executive Chairman), Ian G.H. Ashken (Vice Chairman and President) and James E. Lillie (CEO) |
| Products | Outdoor Solutions, Branded Consumables and Consumer Solutions |
| Revenue |
 US$8.3 billion (FY 2014)
|
| Total assets |
US$10.8 billion (FY 2014)
|
| Total equity |
US$2.6 billion (FY 2014)
|
|
Number of employees
|
30,000+ |
| Website | www |
Jarden was a U.S. consumer products company. Formed by the spin-out of Ball Corporation's canning business, the company became a wider conglomerate of consumer brands, particularly in the outdoors and home appliances market.
Jarden was acquired in 2016 by Newell Rubbermaid, which renamed itself Newell Brands.
In April 1993, Ball Corporation spun off its canning business as a new company called Alltrista Corporation. In May 2002, Alltrista changed its name to Jarden Corporation. The spin-off retained the trademarks to the names Kerr, Ball, and Bernardin.
In April 2002, Jarden Corporation acquired Tilia International, owner of the Foodsaver brand, for approximately $160 million. In February 2003, Jarden acquired the Diamond Match Company for approximately $108 million. In September 2003, Jarden acquired Lehigh Consumer Products Corporation for approximately $155 million, giving it ownership of the Crawford, Lehigh, and Leslie-Locke brands.
In March 2004, Jarden acquired Loew-Cornell, a maker of brushes and other arts and crafts supplies for an estimated purchase price of $30-$40 million according to a research report issued by SunTrust Robinsion Humprey on April 27, 2004. In June 2004, Jarden bought a 75% stake in the United States Playing Card Company, and in October 2004 it purchased the remaining 25%. The purchase price was approximately $240 million. [Requires Source]
In January 2005, Jarden acquired American Household, Inc, for approximately $845 million. The corporation owned the Coleman Company, and Sunbeam Products, Inc. Brands acquired as part of this acquisition included Coleman, First Alert, Sunbeam, Mr. Coffee, and Oster.
In July 2005, Jarden acquired The Holmes Group, a manufacturer and distributor of select home environment and small kitchen electrics, for approximately $420 million in cash and approximately 6.2 million shares of Jarden common stock. The acquisition gave Jarden rights to the Rival, and Crock-Pot brands.
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Wikipedia