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JARDEN CORP. Rye, New York; Home Canning Supplier Plays Its Cards Right.(THE NEW AMERICA)
Byline: ADELIA CELLINI LINECKER
When Jarden Corp. makes a purchase, Wall Street takes note.
Check the company's stock. It shot up late last week after Jarden agreed to fork over $232 million in cash for privately held United States Playing Card Co., a leading maker and distributor of playing cards.
The deal came as no surprise to analysts, who praise Jarden for its ability to bring new products to the mix that make an immediate and positive impact on financial returns .
"They've been able to find and acquire small niche consumer products companies with strong market-leading products," said analyst Joseph Altobello of CIBC World Markets, "Then they've been able to take those companies, tweak their products here and there, and use them to augment the top line as well as margins."
Jarden's main business is food preservation products. It's probably best known as the supplier of Ball, Kerr and Bernardin canning jars. It also sells vacuum packaging machines, pickle mixes, plastic cutlery, matches and other knick-knacks.
OK, so what do playing cards have to do with food-saving gizmos and canning jars? The short answer: not much.
- Jarden Branded Consumables Promotes Four to Senior Leadership Positions.
- Press release article from: PR Newswire July 30, 2007 700+ words
...firelog business and the Jarden Home Brands ("JHB...for the United States Playing Cards, Lehigh and First Alert...responsibilities across Jarden Branded Consumables...of the United States Playing Cards, The Lehigh Group...as the SVP and CFO of Jarden Branded Consumables...
- Jarden Corporation Signs Definitive Agreement to Acquire United States Playing...
- Press release article from: PR Newswire February 26, 2004 700+ words
Jarden Corporation announced...distributor of premium playing cards, including the...and distributor of playing cards, children's card...supplier of premium playing cards to casinos worldwide...management team to the Jarden family with whom...
- JARDEN VARIETY: DURABLES MEET CONSUMABLES.(Jarden Corp. acquires American...
- Magazine article from: HFN The Weekly Newspaper for the Home Furnishing Network White, Jennifer January 31, 2005 700+ words
...said. As a company, Jarden makes a seemingly random...rope, cord, twine and playing cards. It gained a toehold...evident at first glance, Jarden's goal is to be a...other key factors. Jarden currently has three...with products like playing cards, jars for home canning...
- Jarden Corporation Announces Definitive Agreement To Acquire American...
- Press release article from: PR Newswire September 20, 2004 700+ words
...350 million of equity into Jarden. Upon completion of the acquisition, Jarden will be positioned as a global...rope, cord and twine and playing cards. Commenting on the transaction, Martin E. Franklin, Jarden's Chairman and Chief Executive...
- JARDEN SEES SHINY FUTURE FOR SUNBEAM.(Jarden Corp. to acquire American...
- Magazine article from: HFN The Weekly Newspaper for the Home Furnishing Network September 27, 2004 700+ words
...Outdoor Solutions segment. Jarden has already tested the housewares...food sealer brand, in 2002. Jarden's other companies make the...toothpicks, rope, cord, twine and playing cards. "We believe we can build...conference call. His strategy for Jarden post-acquisition is to...
- JARDEN GETS SYNERGY BOOST WITH HOLMES ACQUISITION.
- Magazine article from: HFN The Weekly Newspaper for the Home Furnishing Network White, Jennifer July 4, 2005 700+ words
...700 million. In January, Jarden finalized the acquisition of...and others. At the time, Jarden sought to establish a connection...its core categories: U.S. Playing Cards, Ball Home Canning and Diamond...latest acquisition is part of "Jarden's long-term plan to grow...
- Jarden Completes United States Playing Card Company Acquisition.
- Press release article from: PR Newswire June 29, 2004 700+ words
...this closing results in Jarden owning approximately...manufacturer and distributor of playing cards and a leader in marketing...In North America, Jarden is the market leader...plastic cutlery, playing cards, rope, cord and twine and toothpicks. Jarden also manufactures zinc...
- Jarden Corporation Reports 2004 Year End And Fourth Quarter Results.
- Press release article from: PR Newswire February 17, 2005 700+ words
...from the United States Playing Cards business which was acquired...exceptional year for Jarden both financially and...Bicycle(R) and Bee(R) playing cards and related products...Sunbeam(R) will bring to Jarden. Morale in the company...
- Jarden Corporation Ranked 19th in FORTUNE Magazine's 100 Fastest Growing...
- Press release article from: PR Newswire August 24, 2004 700+ words
...About Jarden Corporation Jarden Corporation is a leading...R). In North America, Jarden is the market leader in several...matches, plastic cutlery, playing cards, rope, cord and twine and toothpicks. Jarden also manufactures zinc strip...
- Four of a kind for Jarden.
- Newspaper article from: The Daily Deal February 27, 2004 700+ words
...bid of $232 million, Jarden Corp. on Thursday...recognizable brands of playing cards in the world. The long...cash deal wins for Jarden the Bicycle brand...largest supplier of playing cards to casinos worldwide...Based in Rye, N.Y., Jarden has been seriously acquisitive...
