Jarden, which sells Crock-Pot slow cookers and Sunbeam electric blankets, said on Tuesday it would fund the transaction with cash, common equity and a mix of bank debt and bonds.
The acquisition of Yankee Candle, the largest scented candle company in the United States, will bolster Jarden's branded consumables division, and adjusted cash flow on a pro-forma basis would have been about 25 percent higher in the 12 months to the end of June 2013, Jarden said.
The deal is expected to be accretive to Jarden's adjusted earnings per share by approximately 10 percent before synergies, Jarden added.
