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Rye, NY 914.967.9400 www.jarden.com Sales: $850 million (estimated) for candle and home fragrance products. Corporate sales: $8.2 billion. Key Personnel: Martin E. Franklin, founder and executive chairman; Ian G.H. Ashken, co-founder, vice chairman and president; James E. Lillie, chief executive officer. Major Products: Candles and home fragrance products marketed under the Yankee Candle brand name. New Products: Small Jar Candles in Crisp Morning Air, Lush Berries and Sugar & Spice variants; Summer Fragrances: Cotton Candy, Salt Water Taffy, Beach Holiday, White Chocolate Apple, Wild Sea Grass; Y Collection (line expansion); Scentiments candles; Wax Melts—Brandy Pear Tart, Cranberry Twist, Crisp Morning Air, Lush Berries, Sugar & Spice, Vanilla Bourbon; Millefiori (acquisition). Comments: Jarden jumped into Happi’s The Top 50 last year following its $1.75 billion acquisition of Yankee Candle in 2013. The company makes a broad array of products from baby bottles to cookware, with well-known brand names such as Rawlings baseball gloves and Bicycle playing cards, but only its home fragrance business is relevant to Happi. Last year, the company accelerated Yankee’s expansion in Western Europe via the acquisition of Millefiori, an Italian-based candle and fragrance company. For the first quarter of 2015, corporate sales were flat, but the company reported a net loss of $55 million, compared to net income of nearly $4 million the previous year. Sales of branded consumables, the division in which Yankee plays, rose 4%.
Rye, NY 914.967.9400 www.jarden.com
Sales: $850 million (estimated) for candle and home fragrance products. Corporate sales: $8.2 billion.
Jarden jumped into Happi’s The Top 50 last year following its $1.75 billion acquisition of Yankee Candle in 2013. The company makes a broad array of products from baby bottles to cookware, with well-known brand names such as Rawlings baseball gloves and Bicycle playing cards, but only its home fragrance business is relevant to Happi. Last year, the company accelerated Yankee’s expansion in Western Europe via the acquisition of Millefiori, an Italian-based candle and fragrance company.
For the first quarter of 2015, corporate sales were flat, but the company reported a net loss of $55 million, compared to net income of nearly $4 million the previous year. Sales of branded consumables, the division in which Yankee plays, rose 4%.
Sales: $800 million (estimated) for candle and home fragrance products. Corporate sales: $7.3 billion. Net income: $203 million.
What do baseball gloves, coffee machines and candles have in common? All of them are owned by Jarden Corporation, a consumer products company that paid $1.75 billion in cash last year to acquire Yankee Candle and add it to its roster of brands that already includes Rawlings and Mr. Coffee.
“This is an exciting opportunity for Yankee Candle to join a company that shares our passion for brand building, product quality, and customer service,” said Harlan Kent, president and chief executive officer, Yankee Candle. “In joining the Jarden family of companies, we open the door to opportunities to share best practices and technology, partner with their go to market teams, cross market with their 120-plus leading brands, and leverage their global scale and presence to continue to grow our international business. We also look forward to continuing to open new Yankee Candle stores, growing our wholesale, consumer direct, and fundraising businesses, and leveraging our brand strength, unparalleled reputation for quality and ‘Made in America’ heritage.”
Jarden’s been made in America, too. And made in a hurry at that. The company is an amalgam of more than 120 brands—many of them No. 1 or 2 in their category. The company was founded in 2001, corporate sales totaled $368 million in 2002 and have risen at a CAGR of 31% by following eight key attributes:
Sounds like words to live, strive and thrive by.
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