Dive Brief:

• International consumer products company Jarden has announced its acquisition of Yankee Candle has been finalized.
• The deal is worth a reported $1.75 billion in cash and still remains subject to final working capital adjustments.
• Yankee Candle claims to be the largest manufacturer of scented candles inside the U.S.

Dive Insight:

Yankee Candle was founded in South Hadley, Massachusetts in 1969 when Michael Kittredge created his first scented candle from melted crayons as a holiday gift for his mother. The company relocated to Deerfield, Connecticut in 1983 and markets an array of branded home goods.