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Jarden to Acquire Yankee Candle for $1.75 Billion

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Jarden to Acquire Yankee Candle for $1.75 Billion

Global consumer products company Jarden Corp. is set to acquire specialty-branded premium scented candle company Yankee Candle Investments for approximately $1.75 billion in cash from a fund managed by Madison Dearborn Partners, a private-equity firm.

The acquisition is expected to close in early fourth-quarter 2013 and will expand Jarden's portfolio of consumer brands in niche, seasonal staple categories, also expanding cross-selling opportunities for its global distribution platform.

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