|Traded as||NYSE: JAH|
|Founders||Martin E. Franklin|
|Headquarters||Rye, New York, United States|
|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$7.4 billion (FY 2013)|
|Total assets||US$10.1 billion (FY 2013)|
|Total equity||US$2.5 billion (FY 2013)|
Jarden Corporation, is a leading provider of a diverse range of consumer products with over 120 brands sold globally. Jarden operates in three primary business segments - Outdoor Solutions, Branded Consumables and Consumer Solutions. In 2014, Jarden was ranked #356 on Fortune 500. In 2013, Jarden Corporation delivered $7.4B in Net Sales and had total assets of $10.1 billion.
- 1 History
- 2 Long Term Financial Goals
- 3 History of Jarden's Name
- 4 Brands
- 5 Recognition/Innovation
- 6 References
- 7 External links
- 8 See also
2001-2005: Setting the Foundation
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, Inc. for approximately $160 million, which included the Foodsaver® Brand. In February 2003, Jarden purchased substantially all of the assets of Diamond Brands, Incorporated and Diamond Brands Operating Corp, (formerly Diamond Match) for approximately $110 million. Trademarks acquired included Diamond® and Forster®. In September 2003, Jarden acquired Lehigh Consumer Products Corporation for approximately $155 million. Trademarks acquired included Crawford®, Lehigh®, and Leslie-Locke®.
In March 2004, Jarden acquired Loew-Cornell, a maker of brushes and other arts and crafts supplies. In June 2004, Jarden bought a 75% stake in privately held The United States Playing Card Company, and in October 2004 it purchased the remaining 25%. Trademarked brands acquired included Bee®, Bicycle®, Aviator®, and Hoyle®. The purchase price was approximately $240 million.
2005-2007: Strengthening the Platform
In January 2005, Jarden acquired American Household, Inc, for approximately $845 million. The corporation owned the The Coleman Company, Inc., and Sunbeam Products, Inc. Brands acquired as part of this acquisition included Coleman, First Alert®, Sunbeam®, Mr. Coffee®, and Oster®. For background, in March 1998, Sunbeam Corporation acquired the The Coleman Company, Inc. and Coleman Powermate. In December 2002, Sunbeam Corporation filed Chapter 11 bankruptcy and canceled its common stock. When it emerged from bankruptcy, Sunbeam changed its name to American Household, Inc., a privately held company.
In July 2005, Jarden acquired The Holmes Group, Inc., a manufacturer and distributor of select home environment and small kitchen electrics, for approximately $625 million. Brands acquired included Holmes®, Rival®, and Crock-Pot®.
2007-Today: Preparing Jarden for Future Generations
In August 2007, Jarden acquired K2, Inc. for approximately $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 including brands such as Abu Garcia®, Berkley® and Trilene®.
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 $450 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.
Long Term Financial Goals
At the end of 2013, Jarden completed its previous five year goals (which included doubling its adjusted EPS) in a four year period, a year ahead of plan. Jarden announced its new long-term financial goals in 4Q13 to be achieved by year end 2018. These goals include delivering long-term average organic sales growth of 3% to 5% per year, continuing to leverage SG&A, expanding segment earnings margins +150 bps from the 12.7% FY13 level, generating average and annual earnings growth of at least 10%, producing at least $4.0 billion of cash flow from operations over the next five years, with year-end bank leverage ratio at or below 3.0x, and target fully diluted adjusted EPS of $6.00 by 2018. In addition to long term goals, Jarden provides annual guidance on select primary financial metrics.
History of Jarden's Name
The company was renamed in May 2002. The company's previous name, Alltrista, was created by dropping the "B" from Ball and the "Minne" from Minnetrista, the street on which the Ball family had grown up in Muncie, IN. Between 1993 and 2001, as a public company, Alltrista did not perform well and, after Martin E. Franklin and Ian G.H. Ashken joined the company in 2001, Mr. Franklin decided to change the name of the company to something that represented not only the company’s heritage, but also its future. The company did not hire any consultants to assist with the naming process. Martin Franklin conceived the Jarden name by combining the heritage of the Ball "Jar" with the concept of products being used in the home (the “den”). The coinage of “Jarden” also invoked the connotation of the French word for garden (jardin), since the company planned to expand its product range outside the home.
Outdoor Solutions are innovative, recreational and high-performance products designed to maximize consumers’ enjoyment of the outdoors. Jarden is one of the largest hard-goods sporting equipment company in the world, with leadership positions in US, Europe and Japan. In 2013, Outdoor Solutions delivered Net Sales of $2.7 billion with a Segment Earnings Margin of 11.0%.
Branded Consumables are primarily niche, affordable, consumable household staples used in and around the home. Products tend to offer high, gross margin with strong and stable cash flow generations. In 2013, Branded Consumables delivered Net Sales of $2.3 billion with a Segment Earnings Margin of 18.1%.
Consumer Solutions are products designed to simplify the daily lives of consumers in and around the home; making every day experiences more satisfying. Consumer Solutions appliances are the most broadly distributed brand portfolio in core categories throughout the Americas. In 2013, Consumer Solutions delivered Net Sales of $2.0 billion with a Segment Earnings Margin of 15.1%.
|Type||Subsidiary of Jarden Corporation|
|Headquarters||New York City, New York, USA|
|Products||skateboard shoes, Clothes, Hats, accessories|
Adio Footwear was a skateboarding footwear and clothing company, founded by skater Chris Miller in 1999. It was later acquired by K2, based in Carlsbad, California, United States (US); K2 was then acquired by the Jarden Corporation in 2007. Its name is pronounced "audio" or "ad-e-o".
Industry veteran, Jim Stroesser, was named president of Adio in December 2009. Stroesser moved the brand's global headquarters from Vista, California, US. to Solana Beach, California, US, in January, 2010.
As of 2012, Adio is owned by K2, a division of the Jarden Corporation, while AL&S and Samsung own the global license for Adio. The brand continues to manufacture and distribute skateboarding footwear and apparel.
Jarden has increased its brand equity investment (which includes marketing and R&D expenses) from approximately 4.5% of revenue in 2008 to nearly 6% in 2013. Each year, approximately 30% of sales come from products launched within the last three years of sales. In 2012, Jarden accepted over 150 industry awards, recognizing the value of their work for the end users of their products. In 2013, this number increased to over 160 awards.
- "Jarden Corp Annual Report".
- Company history of Alltrista Corporation, International Directory of Company Histories
- "Jarden to buy Yankee Candle for $1.75 billion". September 3, 2013.
- "Jarden Events and Presentations". July 8, 2014.
- "Jarden Corporation Annual Reports". July 8, 2014.
- "Jim Stroesser – CEO & President, Adio Footwear". SDSI. SDSI. 2011. Retrieved 14 September 2012.
- Transworld (17 August 2004). "SHAUN WHITE JOINS ADIO FOOTWEAR PRO TEAM". Transworld Snowboarding. Bonnier Corporation. Retrieved 14 September 2012.
- "Jarden Corporation Recognition". July 8, 2014.
- Official websites
- Full company description of Jarden, from Reuters
- Jarden business profile at Bloomberg Businessweek
- Adio Footwear
- Jarden business profile at Forbes
- Jarden business profile at Google Finance