Jarden was an American consumer products company. Formed by the spin out of Ball Corporation 's canning business, the company became a wider conglomerate of consumer brands, particularly in the outdoors and home appliances market. Jarden was acquired in 2016 by Newell Rubbermaid, which renamed itself Newell Brands .
45-469: In April 1993, Ball Corporation spun off its canning business as a new company called Alltrista Corporation. In May 2002, Alltrista changed its name to Jarden Corporation. The spin off retained the trademarks to the names Kerr, Ball, and Bernardin. In April 2002, Jarden Corporation acquired Tilia International, owner of the Foodsaver brand, for approximately $ 160 million. In February 2003, Jarden acquired
90-515: A Ball Brother metal fabricating factory. The brothers decided to add their logo onto the surface of the glass jars, which were amber or aqua (blue-green) at the time. On February 13, 1886, the five brothers incorporated the business under the name Ball Brothers Manufacturing Company. About the same time the factory in Buffalo was destroyed by fire in 1886, the brothers began to consider moving their business closer to natural gas supplies. While on
135-471: A German-based metal-can beverage company and created Ball Packaging Europe. This move boosted Ball’s beverage can sales by more than $ 1 billion USD annually. Sensing an opportunity to expand its packaging business in other categories, Ball entered the steel aerosol business in 2006 with the acquisition of U.S. Can, an U.S.-based steel aerosol and specialty metal packaging company. 2009 brought two milestones to Ball Corporation. First, on March 6, 2009,
180-454: A Segment Earnings Margin of 16.2%. Jarden Corporation also owned Jarden Process Solutions that includes Jarden Plastic Solutions, Jarden Applied Materials, and Jarden Zinc Products. Jarden Zinc Products is best known as the principal supplier of zinc for the manufacture of the U.S. penny . In January 2006, a class action lawsuit was filed against Jarden Corp and its CEO for securities fraud . Ball Corporation Ball Corporation
225-514: A Segment Earnings Margin of 17.4%. Outdoor Solutions are recreational products designed to help consumers enjoy the outdoors. Jarden was one of the largest hard goods sporting equipment company in the world, with leadership positions in United States, Europe and Japan. In July 2014, Outdoor Solutions delivered Net Sales of $ 2.7 billion with a Segment Earnings Margin of 11.0%. In July 2014, Consumer Solutions had net Sales of $ 2.2 billion with
270-517: A business trip in Cleveland, Ohio , Frank heard about the natural gas boom in Findlay, Ohio . After visiting the town, he told Edmund about the economic advantages of using natural gas instead of coal for manufacturing glass. Edmund visited several towns in the gas fields, including Muncie, Indiana . The two brothers decided to make a more extensive trip to investigate the possibility of establishing
315-639: A continuation of the company's difficulties in Muncie, workers organized with Local 200 (Glass Workers) of the Industrial Workers of the World (IWW) at the main facility, and went on strike in March 1910 in advocacy of wage increases. A settlement was quickly reached on March 29, but company management reneged on the agreement and threatened to declare a lockout . The strike continued, but was weakened by
360-575: A factory in Poughkeepsie, New York . Around 1885 a group of Belgian glassblowers who were passing through Buffalo encouraged the Ball brothers to build their own factory. The Ball brothers purchased land in East Buffalo, where they built a two-story brick building for the stamping works and a one-story frame factory for the glass works. Although a fire destroyed an early glass factory in Buffalo,
405-592: A glass factory closer to an abundant supply of natural gas. They briefly had doubts about extending beyond Buffalo, but decided to explore the use of natural gas as a means of expanding their glass-making business. Frank and Edmund first visited in Fostoria, Ohio , where they were enthusiastically welcomed. The next stop was Bowling Green, Ohio . After a night in town, Edmund returned to Buffalo, but Frank remained. After Frank had been in Bowling Green for about
450-703: A manufacturer and distributor of select home environment and small kitchen electrics, for approximately $ 420 million in cash and approximately 6.2 million shares of Jarden common stock. The acquisition gave Jarden rights to the brands Rival , and Crock-Pot . In August 2006, Jarden acquired Pine Mountain firelogs and firestarters from Conros Corporation for approximately $ 150 million. In April 2007, Jarden acquired Pure Fishing, Inc. for approximately $ 400 million. In August 2007, Jarden acquired K2 Sports for approximately US$ 1.2 billion. K2 included brands such as Marker , Marmot , Rawlings , Sevylor, Shakespeare , and Völkl under its umbrella. In April 2010, Jarden acquired
495-469: A mix of bank debt and bonds, a deal which Bank of America's Stefan M. Selig helped bring about. On October 14, 2015, Jarden announced that it would acquire Jostens , a producer of school memorabilia such as yearbooks , for $ 1.5 billion. On December 14, 2015, Newell Rubbermaid announced that it would acquire Jarden for over $ 15 billion of cash and stock. The combined company is known as Newell Brands, with 55% owned by Newell's shareholders. The acquisition
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#1732801285100540-446: A proposal that offered the Ball brothers 7 acres (2.8 hectares) of land for a factory site, a gas well, and $ 5,000 in cash to encourage the move to Muncie. In addition, city officials agreed to provide a railroad connection to the brothers' new facilities. By September 1887 construction had begun on the Muncie factory and the Ball brothers began plans to move their glass manufacturing operations from New York. Frank remained in Muncie to get
585-601: A publicly traded stock company on the New York Stock Exchange in 1973. The stock began trading at $ 26 per share (not split adjusted) on the NYSE on December 17, 1973. Ball stock has split two-for-one six times since going public. Ball's trading symbol is BALL. Ball no longer produces its glass canning jars. In 1996, Ball exited the home-canning business when it established a subsidiary named Alltrista, which consisted of seven smaller Ball subsidiaries that included
630-812: A research report issued by SunTrust Robinsion Humprey on April 27, 2004. In June 2004, Jarden bought a 75% stake in the United States Playing Card Company , and in October 2004, it purchased the remaining 25%. The purchase price was approximately $ 240 million. In January 2005, Jarden acquired American Household, Inc, for approximately $ 845 million. American Household, Inc. owned the Coleman Company , and Sunbeam Products, Inc. Brands acquired as part of this acquisition included Coleman, First Alert , Sunbeam, Mr. Coffee , and Oster . In July 2005, Jarden acquired The Holmes Group,
675-418: A week, he received a telegram from James Boyce, a Muncie businessman. Frank, who had become weary of Bowling Green, was ready for a change and "decided to run down to Muncie and see what they had to offer." As Frank recalled his early discussions with Muncie's town leaders, "There was nothing about the town that particularly appealed to me, but the men were all courteous, kind, and businesslike." Frank agreed to
720-621: Is a global aluminum manufacturing company headquartered in Westminster, Colorado . It is best known for its early production of glass jars , lids, and related products used for home canning . Since its founding in Buffalo, New York , in 1880, when it was known as the Wooden Jacket Can Company, the Ball company has expanded and diversified into other business ventures, including aerospace technology. It eventually became
765-474: The Diamond Match Company for approximately $ 108 million. In September 2003, Jarden acquired Lehigh Consumer Products Corporation for approximately $ 155 million, giving it ownership of the brands Crawford, Lehigh, and Leslie Locke. In March 2004, Jarden acquired Loew Cornell, a maker of brushes and other arts and crafts supplies for an estimated purchase price of $ 30 to $ 40 million, according to
810-523: The Great Depression and World War II . Prior to 1933, Ball was the largest domestic manufacturer of home canning jars. In 1939 it manufactured 54% of all the canning jars made in the US. A drop in demand for the jars during the 1930s led the Ball brothers to begin manufacturing other types of jars and bottles for commercial use, and eventually expanding into other lines of business. During World War II
855-481: The 2022 Dow Jones Sustainability Index (DJSI), among many others. Jarden Zinc Products Artazn, formerly known as Jarden Zinc Products LLC. is a manufacturer of zinc products. The company is a subsidiary of One Rock Capital. The company is most notable for being the sole manufacturer of planchets used in the production of the United States penny . The company has resisted past efforts to eliminate
900-591: The Ball Aerospace-built Kepler spacecraft carrying the largest camera ever sent by NASA beyond Earth’s orbit, was successfully launched aboard a Delta II rocket from Cape Canaveral, FL. The second milestone arrived when Ball acquired four metal beverage can plants from AB InBev. Just one year later in 2010, Ball owned the title of the largest supplier of aluminum slugs in the world with two acquisitions of Neuman Aluminum and Aerocan S.A.S. In 2016, Ball acquired British firm Rexam plc to become
945-482: The Ball Corporation in 1969, it acquired Jeffco Manufacturing Company, a maker of recyclable aluminum beverage cans, and became the largest producer of recyclable beverage cans in the world. Although glass production in Muncie ceased in 1962, it continued at other Ball plants until its final glass manufacturing operations were sold in 1996. Ball Corporation's stock went public on July 13, 1972. It became
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#1732801285100990-578: The Ball Corporation in 1969. It became a publicly traded stock company on the New York Stock Exchange under the ticker BLL in 1973. On May 10, 2022, the company changed its ticker symbol to BALL. Ball no longer produces glass mason jars and the home canning business altogether in 1996 by spinning off a former subsidiary (Alltrista) into a free-standing company, which renamed itself Jarden Corporation. In 2016, Jarden Corporation merged with Newell Rubbermaid to become Newell Brands who owns
1035-423: The Ball brand for mason jars and home canning supplies. In 1880, Frank C. and Edmund B. Ball borrowed close to $ 200 from George Harvey Ball, their uncle and founder and first president of Keuka College , to purchase the Wooden Jacket Can Company, a small manufacturing business located in Buffalo, New York . Soon, William, Lucius, and George Ball joined their brothers, Frank and Edmund, in Buffalo. (Years later,
1080-492: The Ball brothers installed gas converters to use Indiana coal in their factories and continued manufacturing operations. The company's F. C. Ball machine, patented in 1898, introduced mass production into its glass-blowing process and gave it a competitive market advantage. By 1905 the company was producing 60 million canning jars per year and had acquired other glass manufacturers, expanding its operations to include seven factories in addition to its main facilities at Muncie. In
1125-510: The Ball jar and other canning-related products. When Alltrista Corporation became a separate company in April 1993, Ball shareholders received one share of Alltrista stock for every four shares of Ball stock. Alltrista was renamed Jarden Corporation in 2001. In 2016, Jarden merged with Newell Rubbermaid to become Newell Brands. Today, Newell Brands has the license to use the Ball registered trademark on its line of home-canning products. Ball became
1170-714: The Jarden name by combining the heritage of the Ball Mason Jar ("Jar") with the concept of products being used in the home (the "den"). "Jarden" also invokes the French word for garden (jardin), since the company planned to expand its product range outside the home. Branded Consumables are primarily niche, affordable, consumable household staples used in and around the home. Products tended to offer high gross margin with strong and stable cash flow generations. In July 2014, Branded Consumables delivered Net Sales of $ 3.0 billion with
1215-511: The Mapa Spontex Baby Care and Home Care businesses for a total value, including debt assumed and/or repaid, of approximately $ 415 million. Later in 2010, Jarden acquired Quickie Manufacturing Corporation and Aero Products International, Inc. Brands acquired in these two transactions included Quickie, Aero, and Aerobed, among others. In September 2013, Jarden acquired Yankee Candle for $ 1.75 billion with cash, common equity and
1260-410: The Muncie factory were oil containers and lamp chimneys, not fruit jars. By 1889 the Ball company's headquarters and its glass and metal manufacturing operations had moved to Muncie. The other Ball brothers moved to Indiana in the 1890s. George moved to Muncie in 1893, William arrived in 1897, and Lucius, a company shareholder and a physician, moved to Muncie in 1894. In the late nineteenth century,
1305-564: The National Aeronautics and Space Administration ( NASA ) with $ 1.4 million in grants, launched into space on March 7, 1962, at Cape Canaveral, Florida . Its success led to additional contracts to build more satellites, a total of seven, but not without setbacks. An explosion killed three workers and damaged the company's OSO-2 satellite in 1964. The company continued to expand into other areas including avionics , aerospace systems, and metal beverage and food containers. Renamed
1350-623: The brothers rebuilt and expanded the business. To keep the new factory's furnace operating at full capacity, the company introduced new products and made improvements to its glass and metal manufacturing processes. Around 1884, when the brothers discovered that the Mason Improved fruit jar patent was due to expire, their company began manufacturing canning jars in their glassworks. The Ball Brothers' jars, which were produced in half-gallon, pint, and midget sizes, were manufactured during 1884, 1885, and 1886. “Buffalo” jar lids were produced in
1395-410: The brothers reciprocated their uncle's early assistance by providing financial support to Keuka College.) The Ball brothers' company made tin cans encased in wooden jackets to hold kerosene, paints, or varnishes. Because the acid used to refine kerosene caused corrosion in tin, the brothers decided to use glass for the inserts of the wood-jacketed cans. Initially, they bought the glass containers from
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1440-482: The company continued to grow and prosper, but not without experiencing some challenges. Fires at its Muncie factories and warehouses in 1891 and 1898 damaged its facilities, which were eventually rebuilt. Despite the economic panic of 1893 , the company was able to produce 22 million fruit jars for the year beginning in September 1894, and 37 million jars by 1897. When natural gas supplies in the area began to diminish,
1485-652: The company to suffer its first net operating loss. With legal restrictions on the company's ability to expand its glass-making business and declining demand for its canning jars, Ball company executives decided to diversify the company to achieve growth. Throughout the 1950s the Ball company explored expanding into the aerospace industry. The Ball Brothers Research Corporation began operating laboratories in Boulder, Colorado , and in Muncie. The company first began manufacturing aerospace equipment around 1959. Its OSO-1 ( Orbiting Solar Observatory ) satellite, designed and built for
1530-529: The company's operations were converted to produce shells and machine parts for the military. After the war, Ball's glass-making business was hindered by an antitrust case in which the company was one of several defendants. The legal case was appealed to the U.S. Supreme Court . The final decision, which was handed down in 1947, restricted Ball's ability to acquire other glass manufacturers and other businesses producing glass-making machinery without prior court approval. In 1949 decreasing demand for canning jars caused
1575-573: The factory up and running, while Edmund closed the glass factory in Buffalo, then moved to Muncie to join Frank. Their brothers, William and George, remained in Buffalo to operate the stamping works and a factory in Bath, New York . In 1888 the company opened its first glass manufacturing facility in Muncie. On February 18 fires were started in the new factory's furnace; on March 1 its first glass products were made. The first products to be manufactured in
1620-479: The four main components of their core product line of canning jars included glass, zinc, rubber, and paper, the Ball company acquired a zinc strip rolling mill to produce metal lids for their glass jars, manufactured rubber sealing rings for the jars, and acquired a paper mill to fabricate the packaging used in shipping their products. The company also acquired tin, steel, and later, plastic companies. The Ball company faced additional challenges and opportunities during
1665-591: The largest supplier of cans in the Chinese market when it acquired M.C. Packaging Ltd. in China in 1997. In 1998, the Ball Corporation moved its corporate headquarters from Muncie to Broomfield, Colorado, where it would oversee global operations as a manufacturer of metal food and beverage containers, as well as a manufacturer of equipment and supplier of services to the aerospace industry. Continuing its growth through acquisition, in 2002, Ball acquired Schmalbach-Lubeca AG,
1710-792: The most recent Combined Annual & Sustainability Report . The first report was an ACCA-Ceres North American Sustainability Awards cowinner of the Best First Time Reporter award in 2009. Most recently, Ball has been recognized as a sustainability leader by organizations and governing bodies such as TIME’s list of the World’s Most Sustainable Companies of 2024, USA Today and Statista’s 2024 list of America’s Climate Leaders, FTSE4Good’s 2024 Index Series , S&P Global’s Sustainability Yearbook in 2023 and 2024 , Newsweek’s 2020 , 2021 , 2022 , 2023 , and 2024 lists of America’s Most Responsible Companies and
1755-465: The opportunity in sports and entertainment ripe, in 2020, Ball of Pepsi Center in Downtown Denver and renamed it Ball Arena . The naming rights were sold to Ball as a part of a global multi-year agreement with Kroenke Sports & Entertainment (KSE). In 2024, Ball Corporation left the aerospace business after selling Ball Aerospace to BAE Systems Inc. for $ 5.6 billion in cash. The move
1800-826: The penny in the United [1] through an astroturf lobby organization called Americans for Common Cents . The company's largest source of revenue comes from the production of coin blanks, having produced over 300 billion blanks at their Tennessee facility. The company also supplies zinc strips used in various cathodic protection, building, automotive , architectural , and specialty products. Such products include zinc galvanic anodes , LifeJacket, and LifeDowel automotive blade fuses , metal flashing , guttering systems, plumbing hardware, wall cladding, braille , organ pipes , counter tops , signs, and medals among other niche items. Zinc's attributes and characteristics can be manipulated to create new zinc alloys . Jarden Zinc Products has
1845-553: The refusal of machinists affiliated with the American Federation of Labor to join the strike. By the end of April, the strike was lost. For over 90 years, Ball continued to be a family-owned business. Renamed the Ball Brothers Company in 1922, it remained well-known for manufacturing fruit jars, lids, and related products for home canning. The company also entered into other business ventures. Because
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1890-523: The world's largest manufacturer of recyclable aluminum packaging for a variety of beverage, home and personal care applications. The Ball brothers renamed their business the Ball Brothers Glass Manufacturing Company, incorporated in 1886. Its headquarters, as well as its glass and metal manufacturing operations, were moved to Muncie, Indiana , by 1889. The business was renamed the Ball Brothers Company in 1922 and
1935-458: The world’s largest producer of aluminum beverage cans. Spearheading innovation in the aluminum beverage space, Ball introduced its innovative lightweight Ball Aluminum Cup® in 2019. The cup was recognized in Fast Company’s 2020 World Changing Ideas Awards with an honorable mention in the consumer products category. The cup is popular in sports and entertainment arenas and venues. With
1980-596: Was completed on April 15, 2016. On June 5, 2018, Newell announced it was selling the Rawlings division to a private equity group, SEP and MLB in order to focus on nine core product lines. The company was renamed from Alltrista in May 2002. Martin E. Franklin joined the company in 2001, Franklin decided to change the name of the company to something that represented the company's heritage, and future. Martin Franklin conceived
2025-436: Was strategic in allowing Ball to increase its focus on “low-carbon, best-value aluminum packaging initiatives”, said CEO Dan Fisher at the time. Ball Corporation has made improvements to its environmental record since 2006, when the company began its first formal sustainability efforts. In 2008, Ball Corporation issued its first sustainability report and began releasing subsequent sustainability reports on its website including
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