Jarden Corporation completed its acquisition of Yankee Candle Investments LLC Thursday for approximately $1.75 billion in cash, subject to final working capital and other adjustments.
Jarden funded the transaction with the proceeds from its recently completed common stock offering, a $750 million term loan it closed Thursday and cash on hand.
Yankee Candle will be folded into Jarden’s Branded Consumables segment, which will now be the company’s second largest after its Outdoor Segment, which sold nearly $2.7 billion of sporting goods in 2012. Jarden Outdoor Solutions’ brands include Abu Garcia, Aero, Berkley, Campingaz and Coleman, ExOfficio, Fenwick, Gulp!, Invicta, K2, Marker, Marmot, Mitchell, Penn, Rawlings, Shakespeare, Stearns, Stren, Trilene, Volkl and Zoot.
