Jarden Corp. has signed a definitive agreement to acquire privately held Boca Raton, FL-based American Household, Inc. for $745.6 million in cash for the equity and the assumption or repayment of indebtedness.
American Household is the parent of The Coleman Company, Inc. and Sunbeam Products, Inc., and produces global consumer products through the BRK, Campingaz, Coleman, First Alert, Health o meter, Mr. Coffee, Oster and Sunbeam brands.
Upon completion of the acquisition, Rye, NY-based Jarden said it will be positioned as a global market leader, holding the top or second market position in many of its core consumer product categories.
The transaction is expected to close during the first quarter of 2005, subject to Hart-Scott-Rodino approval and other customary closing conditions.
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