|Traded as||NYSE: JAH|
|Founder||Martin E. Franklin|
|Headquarters||Boca Raton, Florida, United States|
|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)|
Number of employees
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.
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 $108 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.
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. 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 $420 million in cash and approximately 6.2 million shares of Jarden common stock. Brands acquired included Holmes, 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 the Yankee Candle Company, the largest US candle company for $1.75 billion with cash, common equity and a mix of bank debt and bonds, a deal which Bank of America's Stefan M. Selig helped bring about.
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%.
- ABU Garcia, founded in 1921 in Svängsta, Sweden.
- Berkley, founded in 1937 in Spirit Lake, Iowa
- Coleman Company, founded by William Coffin Coleman, in 1900 in Kingfisher, Oklahoma.
- K2 Sports, founded in 1962 in Seattle, Washington.
- Marker (ski bindings) founded in 1952
- Marmot, founded in 1974 in Grand Junction, Colorado.
- Penn Reels, founded in 1922 in Philadelphia, Pennsylvania.
- Rawlings, founded in 1887 in St. Louis, Missouri.
- Shakespeare Fishing Tackle, founded in 1897 in Columbia, South Carolina.
- Völkl, founded in 1923 in Straubing, Germany.
- Worr Game Products, founded in 1987 in Corona, California.
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%.
- Breville, founded in 1932 in Melbourne, Australia.
- Holmes Products, founded in 1982, by Jordan Kahn, in Milford, Massachusetts
- John Oster Manufacturing Company, founded in 1924
- Mr. Coffee, founded in 1972 in Cleveland, Ohio
- Sunbeam Products, founded in 1897 in Boca Raton, Florida
- The Rival Company, founded in 1932
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%.
- Ball Corporation, founded in 1880 in Broomfield, Colorado.
- Diamond Match Company, founded in 1932 in Wilmington, Delaware.
- First Alert, founded in 1958 in Aurora, Illinois.
- United States Playing Card Company, founded in 1867 in Cincinnati, Ohio.
- Yankee Candle, founded in 1969 in South Deerfield, Massachusetts.
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.
- Dana, Mattioli (7 November 2013). "Bank of America’s Selig Nominated for Commerce Department Post". WSJ. Retrieved 14 May 2014.
- "Jarden Corporation Annual Reports". July 8, 2014.
- "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