Yankee Candle Agrees To $1.75 Billion Deal With Jarden

September 3, 2013 2:46 PM
Yankee Candle Agrees To $1.75 Billion Deal With Jarden
" RYE, N.Y. (AP) — Consumer products company Jarden is buying Yankee Candle for about $1.75 billion, helping to expand its product offerings.

Jarden is known for brands such as Crock-Pot, Mr. Coffee and Coleman camping gear. Yankee Candle is best known for its various scented and seasonal candles and accessories.

Jarden Corp. founder and CEO Martin Franklin said in a statement Tuesday that this is the Rye, N.Y.-based company’s first significant acquisition since April 2010 "

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