Jarden Corporation (“Jarden” or the “Company”) (NYSE: JAH), a leading global consumer products company, announced today that it has entered into a definitive purchase agreement to acquire Visant Holding Corp. (“Visant”), the parent company of Jostens, Inc. and other entities comprising the Jostens business (“Jostens”), for an enterprise value of approximately $1.5 billion from investment funds managed by KKR, aPriori Capital Partners, and other stockholders, or approximately 7.5x adjusted EBITDA. Jostens is a market-leading, iconic brand and trusted partner to schools and students nationwide, helping them celebrate moments that matter since 1897. Jostens product portfolio is made up of high quality yearbooks, class and championship rings for students and professional athletes, caps and gowns, diplomas, and varsity jackets. » Read More
