Jarden

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Jarden Corporation
Traded as NYSEJAH
Industry Consumer goods
Founded 2001
Founder Martin E. Franklin
Headquarters Boca Raton, Florida, 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 Increase US$8.3 billion (FY 2014)[1]
Total assets Increase US$10.8 billion (FY 2014)[1]
Total equity Increase US$2.6 billion (FY 2014)[1]
Number of employees
30,000+
Website www.jarden.com

Jarden Corporation, is a provider of consumer products with over 120 brands sold globally. Jarden operates in three primary business segments - Outdoor Solutions, Branded Consumables and Consumer Solutions. In 2015, Jarden was ranked #348 on Fortune 500. In 2014, Jarden Corporation delivered $8.3B in Net Sales and had total assets of $10.8 billion.

History[edit]

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.[2]

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 Playing Cards, 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,[3] a deal which Bank of America's Stefan M. Selig helped bring about.[4]

Name[edit]

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. [5]

Brands[edit]

Jarden Branded Consumables

Branded Consumables[edit]

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 2014, Branded Consumables delivered Net Sales of $3.0 billion with a Segment Earnings Margin of 17.4%.[6]

Outdoor Solutions[edit]

Outdoor Solutions are recreational products designed to help consumers enjoy 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 2014, Outdoor Solutions delivered Net Sales of $2.7 billion with a Segment Earnings Margin of 11.0%.[6]

Consumer Solutions[edit]

Consumer Solutions are products designed to simplify the daily lives of consumers in and around the home. Consumer Solutions appliances are the most broadly distributed brand portfolio in core categories throughout the Americas. In 2014, Consumer Solutions delivered Net Sales of $2.2 billion with a Segment Earnings Margin of 16.2%.[6]

Lawsuits[edit]

In January 2006, a class action lawsuit was filed against Jarden Corp and its CEO for securities fraud. A settlement of $8,000,000 was reached in 2009. [7]

Recognition[edit]

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.[citation needed]

In 2014, Jarden's products accepted over 150 industry awards.[8]

See also[edit]

References[edit]

External links[edit]