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US: Yankee Candle sweetens Jarden portfolio for $1.75B

By  |  September 3, 2013

Major US consumer goods company Jarden announced plans to acquire the nation’s largest scented candle maker Yankee Candle in its largest buyout yet, made for $1.75 billion.

Yankee Candle is currently controlled by private-equity firm Madison Dearborn Partners LLC. A statement was released Tuesday regarding the acquisition.

While owning 120 consumer brands, Jarden’s sales have slowed last year – a trend the company hopes will be reversed by the candle purchase. Jarden shares rose 6.3 percent Tuesday morning following the announcement.

Yankee Candle was purchased by Madison Dearborn in 2007 for $1.4 billion.

Full Content: Bloomberg

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