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'''Jarden''' was an American consumer products company. Formed by the spin-out of [[Ball Corporation]]'s canning business, the company became a wider [[conglomerate (company)|conglomerate]] of consumer brands, particularly in the outdoors and [[home appliance]]s market.
'''Jarden''' was an American consumer products company. Formed by the spin out of [[Ball Corporation]]'s canning business, the company became a wider [[conglomerate (company)|conglomerate]] of consumer brands, particularly in the outdoors and [[home appliance]]s market. Jarden was acquired in 2016 by Newell Rubbermaid, which renamed itself [[Newell Brands]].<ref>{{Cite web|url=https://www.wsj.com/articles/after-jarden-deal-newell-ceo-to-focus-on-costs-struggling-brands-1460729040|title=After Jarden Deal, Newell CEO to Focus on Costs, Struggling Brands|last=Terlep|first=Sharon|website=WSJ|language=en-US|access-date=2019-07-15}}</ref><ref>{{Cite web|url=https://www.prnewswire.com/news-releases/rm-law-announces-class-action-lawsuit-against-newell-brands-inc-300671179.html|title=RM LAW Announces Class Action Lawsuit Against Newell Brands Inc.|last=P.C|first=RM LAW|website=www.prnewswire.com|language=en|access-date=2019-07-15}}</ref>

Jarden was acquired in 2016 by Newell Rubbermaid, which renamed itself [[Newell Brands]].<ref>{{Cite web|url=https://www.wsj.com/articles/after-jarden-deal-newell-ceo-to-focus-on-costs-struggling-brands-1460729040|title=After Jarden Deal, Newell CEO to Focus on Costs, Struggling Brands|last=Terlep|first=Sharon|website=WSJ|language=en-US|access-date=2019-07-15}}</ref><ref>{{Cite web|url=https://www.prnewswire.com/news-releases/rm-law-announces-class-action-lawsuit-against-newell-brands-inc-300671179.html|title=RM LAW Announces Class Action Lawsuit Against Newell Brands Inc.|last=P.C|first=RM LAW|website=www.prnewswire.com|language=en|access-date=2019-07-15}}</ref>


==History==
==History==
[[File:JardenBrandedConsumables.JPG|thumb|Jarden in Canada]]
[[File:JardenBrandedConsumables.JPG|thumb|Jarden in Canada]]
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.<ref>[http://www.fundinguniverse.com/company-histories/Alltrista-Corporation-Company-History.html Company history of Alltrista Corporation], International Directory of Company Histories</ref>
In April 1993, [[Ball Corporation]] spun off its canning business as an 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.<ref>[http://www.fundinguniverse.com/company-histories/Alltrista-Corporation-Company-History.html Company history of Alltrista Corporation], International Directory of Company Histories</ref>


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 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 brands Crawford, Lehigh, and Leslie Locke.


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 March 2004, Jarden acquired Loew Cornell, a maker of brushes and other arts and crafts supplies for an estimated purchase price of $30 to $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.


In January 2005, Jarden acquired American Household, Inc, for approximately $845 million. American Household, Inc. owned the [[Coleman Company]], and [[Sunbeam Products, Inc.]] Brands acquired as part of this acquisition included Coleman, [[BRK Brands|First Alert]], Sunbeam, [[Mr. Coffee]], and [[John Oster Manufacturing Company|Oster]].
In January 2005, Jarden acquired American Household, Inc, for approximately $845 million. American Household, Inc. owned the [[Coleman Company]], and [[Sunbeam Products, Inc.]] Brands acquired as part of this acquisition included Coleman, [[BRK Brands|First Alert]], Sunbeam, [[Mr. Coffee]], and [[John Oster Manufacturing Company|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 [[The Rival Company|Rival]], and [[Crock-Pot]] brands.
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 brands [[The Rival Company|Rival]], and [[Crock-Pot]].


In August 2006, Jarden acquired Pine Mountain firelogs and firestarters from Conros Corporation for approximately $150 million.
In August 2006, Jarden acquired Pine Mountain firelogs and firestarters from Conros Corporation for approximately $150 million. In August 2007, Jarden acquired [[K2 Sports]] for approximately US$1.2 billion. K2 included brands such as [[Marker (ski bindings)|Marker]], [[Marmot (company)|Marmot]], [[Rawlings (company)|Rawlings]], [[Sevylor]], [[Shakespeare Fishing Tackle|Shakespeare]], and [[Völkl]] under its umbrella. Jarden also acquired Pure Fishing, Inc. in April 2007 for approximately $400 million.

In August 2007, Jarden acquired [[K2 Sports]] for approximately US$1.2 billion. K2 included brands such as [[Marker (ski bindings)|Marker]], [[Marmot (company)|Marmot]], [[Rawlings (company)|Rawlings]], [[Sevylor]], [[Shakespeare Fishing Tackle|Shakespeare]], and [[Völkl]] under its umbrella. Jarden also acquired Pure Fishing, Inc. in April 2007 for approximately $400 million.


In April 2010, Jarden acquired the Mapa Spontex Baby Care and Home Care businesses for a total value, including debt assumed and/or repaid, of approximately $415 million. Later in 2010, Jarden acquired Quickie Manufacturing Corporation and Aero Products International, Inc. Brands acquired in these two transactions included Quickie, Aero, and Aerobed, among others.
In April 2010, Jarden acquired the Mapa Spontex Baby Care and Home Care businesses for a total value, including debt assumed and/or repaid, of approximately $415 million. Later in 2010, Jarden acquired Quickie Manufacturing Corporation and Aero Products International, Inc. Brands acquired in these two transactions included Quickie, Aero, and Aerobed, among others.


In September 2013, Jarden acquired [[Yankee Candle]] for $1.75 billion with cash, common equity and a mix of bank debt and bonds,<ref>{{cite web |url=https://www.reuters.com/article/2013/09/03/us-jarden-yankeecandle-idUSBRE98205C20130903 |title=Jarden to buy Yankee Candle for $1.75 billion |date=September 3, 2013}}</ref> a deal which Bank of America's [[Stefan M. Selig]] helped bring about.<ref name=wsj>{{cite news|last=Dana|first=Mattioli|title=Bank of America's Selig Nominated for Commerce Department Post|url=https://blogs.wsj.com/moneybeat/2013/11/07/bank-of-americas-selig-nominated-for-commerce-department-post/|accessdate=14 May 2014|newspaper=WSJ|date=7 November 2013}}</ref>
In September 2013, Jarden acquired [[Yankee Candle]] for $1.75 billion with cash, common equity and a mix of bank debt and bonds,<ref>{{cite web |url=https://www.reuters.com/article/2013/09/03/us-jarden-yankeecandle-idUSBRE98205C20130903 |title=Jarden to buy Yankee Candle for $1.75 billion |date=September 3, 2013}}</ref> a deal which Bank of America's [[Stefan M. Selig]] helped bring about.<ref name=wsj>{{cite news|last=Dana|first=Mattioli|title=Bank of America's Selig Nominated for Commerce Department Post|url=https://blogs.wsj.com/moneybeat/2013/11/07/bank-of-americas-selig-nominated-for-commerce-department-post/|accessdate=14 May 2014|newspaper=WSJ|date=7 November 2013}}</ref> On October 14, 2015, Jarden announced that it would acquire [[Jostens]], a producer of school memorabilia such as [[yearbook]]s, for $1.5 billion.<ref>{{Cite news| issn = 0362-4331| last = Picker| first = Leslie| title = Jarden Reaches Deal to Buy Jostens for $1.5 Billion| work = The New York Times| accessdate = 2015-10-25| date = 2015-10-14| url = https://www.nytimes.com/2015/10/15/business/dealbook/jarden-reaches-deal-to-buy-jostens-for-1-5-billion.html}}</ref><ref name=bloomberg-jardenjostens>{{cite news|title=Jarden to Buy Yearbook Maker Jostens for About $1.5 Billion|url=https://www.bloomberg.com/news/articles/2015-10-14/jarden-to-acquire-yearbook-maker-jostens-for-about-1-5-billion|accessdate=14 December 2015|work=Bloomberg}}</ref>

On October 14, 2015, Jarden announced that it would acquire [[Jostens]], a producer of school memorabilia such as [[yearbook]]s, for $1.5 billion.<ref>{{Cite news| issn = 0362-4331| last = Picker| first = Leslie| title = Jarden Reaches Deal to Buy Jostens for $1.5 Billion| work = The New York Times| accessdate = 2015-10-25| date = 2015-10-14| url = https://www.nytimes.com/2015/10/15/business/dealbook/jarden-reaches-deal-to-buy-jostens-for-1-5-billion.html}}</ref><ref name=bloomberg-jardenjostens>{{cite news|title=Jarden to Buy Yearbook Maker Jostens for About $1.5 Billion|url=https://www.bloomberg.com/news/articles/2015-10-14/jarden-to-acquire-yearbook-maker-jostens-for-about-1-5-billion|accessdate=14 December 2015|work=Bloomberg}}</ref>


On December 14, 2015, [[Newell Rubbermaid]] announced that it would acquire Jarden for over $15 billion of cash and stock. The combined company is known as Newell Brands, with 55% owned by Newell's shareholders.<ref name=bloom-newellbrands>{{cite news|title=Newell Rubbermaid to Acquire Jarden for $15.4 Billion|url=https://www.bloomberg.com/news/articles/2015-12-14/newell-rubbermaid-to-buy-jarden-for-13-2-billion-adding-brands|accessdate=14 December 2015|work=Bloomberg}}</ref><ref name=wsj-newelljarden>{{cite news|title=Newell Rubbermaid to Buy Jarden for Over $15 Billion|url=https://www.wsj.com/articles/newell-rubbermaid-and-jarden-strike-merger-deal-1450094318|accessdate=14 December 2015|work=The Wall Street Journal}}</ref>
On December 14, 2015, [[Newell Rubbermaid]] announced that it would acquire Jarden for over $15 billion of cash and stock. The combined company is known as Newell Brands, with 55% owned by Newell's shareholders.<ref name=bloom-newellbrands>{{cite news|title=Newell Rubbermaid to Acquire Jarden for $15.4 Billion|url=https://www.bloomberg.com/news/articles/2015-12-14/newell-rubbermaid-to-buy-jarden-for-13-2-billion-adding-brands|accessdate=14 December 2015|work=Bloomberg}}</ref><ref name=wsj-newelljarden>{{cite news|title=Newell Rubbermaid to Buy Jarden for Over $15 Billion|url=https://www.wsj.com/articles/newell-rubbermaid-and-jarden-strike-merger-deal-1450094318|accessdate=14 December 2015|work=The Wall Street Journal}}</ref>
Line 65: Line 61:
==Brands==
==Brands==
===Branded Consumables===
===Branded Consumables===
Branded Consumables are primarily niche, affordable, consumable household staples used in and around the home. Products tended to offer high gross margin with strong and stable cash flow generations. In 2014, Branded Consumables delivered Net Sales of $3.0 billion with a Segment Earnings Margin of 17.4%.<ref name="Jarden Corporation Annual Reports"/>
Branded Consumables are primarily niche, affordable, consumable household staples used in and around the home. Products tended to offer high gross margin with strong and stable cash flow generations. In July 2014, Branded Consumables delivered Net Sales of $3.0 billion with a Segment Earnings Margin of 17.4%.<ref name="Jarden Corporation Annual Reports"/>


*Acquisitions:
*Acquisitions:
**[[Breville]] brand in European market (Primarily UK), founded in 1932 in [[Melbourne, Australia]]. Breville PTY (Australia) owns all rights to the Breville brand outside European market, and markets selected products in Europe under the Sage by Heston Blumenthal brand.
**[[Breville]] brand in European market (Primarily United Kingdom), founded in 1932 in [[Melbourne, Australia]]. Breville PTY (Australia) owns all rights to the Breville brand outside European market, and markets selected products in Europe under the Sage by Heston Blumenthal brand.
**[[Holmes Products]], founded in 1982, by Jordan Kahn, in [[Milford, Massachusetts]]
**[[Holmes Products]], founded in 1982, by Jordan Kahn, in [[Milford, Massachusetts]]
**[[John Oster Manufacturing Company]], founded in 1924
**[[John Oster Manufacturing Company]], founded in 1924
Line 77: Line 73:


===Outdoor Solutions===
===Outdoor Solutions===
Outdoor Solutions are recreational products designed to help consumers enjoy the outdoors. Jarden was one of the largest hard-goods sporting equipment company in the world, with leadership positions in US, Europe and Japan. In 2014, Outdoor Solutions delivered Net Sales of $2.7 billion with a Segment Earnings Margin of 11.0%.<ref name="Jarden Corporation Annual Reports">{{cite web|url=http://www.jarden.com/for-investors/financial-reporting/10k-annual-reports |title=Jarden Corporation Annual Reports |date=July 8, 2014}}</ref>
Outdoor Solutions are recreational products designed to help consumers enjoy the outdoors. Jarden was one of the largest hard goods sporting equipment company in the world, with leadership positions in United States, Europe and Japan. In July 2014, Outdoor Solutions delivered Net Sales of $2.7 billion with a Segment Earnings Margin of 11.0%.<ref name="Jarden Corporation Annual Reports">{{cite web|url=http://www.jarden.com/for-investors/financial-reporting/10k-annual-reports |title=Jarden Corporation Annual Reports |date=July 8, 2014}}</ref>


*Acquisitions
*Acquisitions
Line 93: Line 89:


===Consumer Solutions===
===Consumer Solutions===
In 2014, Consumer Solutions had net Sales of $2.2 billion with a Segment Earnings Margin of 16.2%.<ref name="Jarden Corporation Annual Reports"/>
In July 2014, Consumer Solutions had net Sales of $2.2 billion with a Segment Earnings Margin of 16.2%.<ref name="Jarden Corporation Annual Reports"/>


*Acquisitions:
*Acquisitions:

Revision as of 10:04, 2 March 2020

Jarden Corporation
Company typeSubsidiary
IndustrieConsumer goods
Gegründet2001; 23 years ago (2001)
GründerMartin E. Franklin
FateAcquired by Newell Rubbermaid
Hauptsitz
Vereinigte Staaten
Area served
Worldwide
Key people
Martin E. Franklin (Executive Chairman), Mark S. Tarchetti (President) and Michael B. Polk (CEO)
ProdukteOutdoor Solutions, Branded Consumables and Consumer Solutions
RevenueIncrease US$8.3 billion (FY 2014)[1]
Total assetsIncrease US$10.8 billion (FY 2014)[1]
Total equityIncrease US$2.6 billion (FY 2014)[1]
Number of employees
30,000+
ParentNewell Brands
Websitewww.newellbrands.com

Jarden was an American 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.[2][3]

History

Jarden in Canada

In April 1993, Ball Corporation spun off its canning business as an 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.[4]

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 brands Crawford, Lehigh, and Leslie Locke.

In March 2004, Jarden acquired Loew Cornell, a maker of brushes and other arts and crafts supplies for an estimated purchase price of $30 to $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.

In January 2005, Jarden acquired American Household, Inc, for approximately $845 million. American Household, Inc. 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 brands Rival, and Crock-Pot.

In August 2006, Jarden acquired Pine Mountain firelogs and firestarters from Conros Corporation for approximately $150 million. In August 2007, Jarden acquired K2 Sports for approximately US$1.2 billion. K2 included brands such as Marker, Marmot, Rawlings, Sevylor, Shakespeare, and Völkl under its umbrella. Jarden also acquired Pure Fishing, Inc. in April 2007 for approximately $400 million.

In April 2010, Jarden acquired the Mapa Spontex Baby Care and Home Care businesses for a total value, including debt assumed and/or repaid, of approximately $415 million. Later in 2010, Jarden acquired Quickie Manufacturing Corporation and Aero Products International, Inc. Brands acquired in these two transactions included Quickie, Aero, and Aerobed, among others.

In September 2013, Jarden acquired Yankee Candle for $1.75 billion with cash, common equity and a mix of bank debt and bonds,[5] a deal which Bank of America's Stefan M. Selig helped bring about.[6] On October 14, 2015, Jarden announced that it would acquire Jostens, a producer of school memorabilia such as yearbooks, for $1.5 billion.[7][8]

On December 14, 2015, Newell Rubbermaid announced that it would acquire Jarden for over $15 billion of cash and stock. The combined company is known as Newell Brands, with 55% owned by Newell's shareholders.[9][10]

Name

The company was renamed from Alltrista in May 2002. Martin E. Franklin joined the company in 2001, Franklin decided to change the name of the company to something that represented the company's heritage, and future. Martin Franklin conceived the Jarden name by combining the heritage of the Ball Mason Jar ("Jar") with the concept of products being used in the home (the "den"). "Jarden" also invokes the French word for garden (jardin), since the company planned to expand its product range outside the home.[11]

Brands

Branded Consumables

Branded Consumables are primarily niche, affordable, consumable household staples used in and around the home. Products tended to offer high gross margin with strong and stable cash flow generations. In July 2014, Branded Consumables delivered Net Sales of $3.0 billion with a Segment Earnings Margin of 17.4%.[12]

Outdoor Solutions

Outdoor Solutions are recreational products designed to help consumers enjoy the outdoors. Jarden was one of the largest hard goods sporting equipment company in the world, with leadership positions in United States, Europe and Japan. In July 2014, Outdoor Solutions delivered Net Sales of $2.7 billion with a Segment Earnings Margin of 11.0%.[12]

Consumer Solutions

In July 2014, Consumer Solutions had net Sales of $2.2 billion with a Segment Earnings Margin of 16.2%.[12]

Process Solutions

Jarden Corporation also owned Jarden Process Solutions that includes Jarden Plastic Solutions, Jarden Applied Materials, and Jarden Zinc Products. Jarden Zinc Products is best known as the principal supplier of zinc for the manufacture of the U.S. penny.[13]

Lawsuits

In January 2006, a class action lawsuit was filed against Jarden Corp and its CEO for securities fraud.[14]

See also

References

  1. ^ a b c "Jarden Corp Annual Report".
  2. ^ Terlep, Sharon. "After Jarden Deal, Newell CEO to Focus on Costs, Struggling Brands". WSJ. Retrieved 2019-07-15.
  3. ^ P.C, RM LAW. "RM LAW Announces Class Action Lawsuit Against Newell Brands Inc". www.prnewswire.com. Retrieved 2019-07-15.
  4. ^ Company history of Alltrista Corporation, International Directory of Company Histories
  5. ^ "Jarden to buy Yankee Candle for $1.75 billion". September 3, 2013.
  6. ^ Dana, Mattioli (7 November 2013). "Bank of America's Selig Nominated for Commerce Department Post". WSJ. Retrieved 14 May 2014.
  7. ^ Picker, Leslie (2015-10-14). "Jarden Reaches Deal to Buy Jostens for $1.5 Billion". The New York Times. ISSN 0362-4331. Retrieved 2015-10-25.
  8. ^ "Jarden to Buy Yearbook Maker Jostens for About $1.5 Billion". Bloomberg. Retrieved 14 December 2015.
  9. ^ "Newell Rubbermaid to Acquire Jarden for $15.4 Billion". Bloomberg. Retrieved 14 December 2015.
  10. ^ "Newell Rubbermaid to Buy Jarden for Over $15 Billion". The Wall Street Journal. Retrieved 14 December 2015.
  11. ^ "Newell Brands". jarden.com.
  12. ^ a b c "Jarden Corporation Annual Reports". July 8, 2014.
  13. ^ "Company Overview". Jarden Zinc Products. Archived from the original on 2 April 2016. Retrieved 2 May 2016.
  14. ^ Primezone, © 2006 (2006-02-18). "(PZ) Attorney Christopher Gray Files Class Action Lawsuit Against Jarden Corp. -- JAH". Houston Chronicle. Retrieved 2019-07-15. {{cite web}}: |first= has numeric name (help)
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