Consumer products company Jarden agreed Tuesday to buy scented candle maker Yankee Candle for about $1.75 billion in cash, subject to working capital and other adjustments.
Jarden, whose products range from Sunbeam electric blankets and Crock-Pots to Coleman camping gear and Marmot clothing, is buying Yankee Candle from private equity firm Madison Dearborn Partners, which acquired it for $1.6 billion in 2006.
Jarden is expected to fund the purchase with a combination of cash, debt and stock.