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Jarden Corp. to Buy Yankee Candle Company For $1.75 Billion

Jarden Corp. (NYSE: JAH), which supplies wide-ranging consumer products, announced on Monday that it has agreed to buy a Yankee Candle Company Inc from a private equity firm, Madison Dearborn Partners LLC. in a deal valued at $1.75 billion. Yankee Candle was bought by Madison Dearborn Partners LLC in 2006 for $1.6 billion. The deal, Jarden said will be financed partially through cash, stock and debt, Jarden said. Commenting over the deal, Jarden Corp’s founder and CEO Martin Frankin said that this was the Company’s first major acquisition since April 2010. The deal is expected to bolster sales in the Company’s branded consumer good division.

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