Business

Mass. Movers

Jarden adds Yankee Candle to its roster

Yankee Candle operates more than 560 stores.
Yankee Candle Co.
Yankee Candle operates more than 560 stores.

Jarden Corp. agreed to buy Yankee Candle, a private company based in South Deerfield, for $1.75 billion, adding the popular candles to its stable of more than 120 consumer brands. The deal may help New York-based Jarden, whose brands include Mr. Coffee and Crock-Pot, revive sales growth. Madison Dearborn Partners paid about $1.4 billion for Yankee Candle in 2007. Sales at Yankee Candle rose 7.4 percent to $844.2 million last year, according to a filing.