Weber Shandwick is handing media and ICR has Wall Street duties connected with Jarden Corp.'s $1.8B acquisition of Yankee Candle, the leader in the $25B global candle and home fragrance market.
Based in Rye, NY, Jarden is an $8B consumer products powerhouse, which owns such brands as Sunbeam appliances, Coleman camping gear, Rawlings baseball gloves, Ball canning jars and Bicycle playing cards.
CEO Martin Frankin founder said in a statement"iconic Yankee Candle brand is a natural extension of our existing portfolio and or our branded consumables business segment."
Yankee Candle, which is headquartered in South Deerfield, Mass., sells its products through a network of 35K retail locations, direct mail and online. It generated $844M in sales last year and $56M in profit.
Jarden is buying Yankee Cander from Madisoin Dearborn Partners private equity firm. The transaction is to be completed by the end of the year.
Weber's Liz Cohen and ICR's Allison Malkin work the Jarden deal.
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