Jarden Corp – owner of Sunbeam kitchen appliances and Coleman outdoor gear – said it would buy Jostens Inc, a maker of class rings and yearbooks, in a deal worth $1.5 billion.
Jostens is owned by Visant Holding Corp, which is managed by investment firm KKR, aPriori Capital Partners and others.
Visant also owns school awards maker Neff Motivation Inc and Phoenix Color Corp, which makes books and plastic covers.
Jostens, founded by Otto Josten in 1897, also makes championship rings, caps and graduation gowns, and varsity jackets.
