RYE, N.Y., April 20 -- Jarden Corporation (NYSE: JAH) announced today that it has been recognized for the second consecutive year on Fortune Magazine's Fortune 500 annual listing of America's largest corporations. Rising 50 positions on the list this year, Jarden ranked #442, up from #492 in 2008 which was the company's inaugural inclusion in the prestigious rankings. For the year ended December 31, 2008, Jarden's net sales increased 16% to $5.4 billion compared to $4.7 billion in 2007.
"Our position on this most prestigious list of America's largest companies reflects the strength of our defensible business strategy, our diversified portfolio of niche market leading brands and our ability to perform, especially in challenging economic times," said Martin E. Franklin, Chairman and Chief Executive Officer of Jarden Corporation. "We are proud of our achievements in 2008 and look forward to continuing to drive growth as a global leader in the consumer products sector."
The list is featured in the May 4th issue of Fortune Magazine, which appears on newsstands on April 27th.
About Jarden Corporation
Jarden Corporation is a leading provider of niche consumer products. Jarden operates in three primary business segments through a number of well recognized brands, including: Outdoor Solutions: Abu Garcia®, Berkley®, Campingaz® and Coleman®, Fenwick®, Gulp!®, JT®, K2®, Marker®, Marmot®, Mitchell®, Penn®, Rawlings®, Shakespeare®, Stearns®, Stren®, Trilene®, Volkl®, and Zoot®; Consumer Solutions: Bionaire®, Crock-Pot®, FoodSaver®, Health o meter®, Holmes®, Mr. Coffee®, Oster®, Patton®, Rival®, Seal-a-Meal®, Sunbeam®, VillaWare® and White Mountain®; and Branded Consumables: Ball®, Bee®, Bicycle®, Crawford®, Diamond®, Dicon®, First Alert®, Forster®, Hoyle®, Kerr®, Lehigh®, Leslie-Locke®, Loew Cornell® and Pine Mountain®. Headquartered in Rye, N.Y., Jarden has over 20,000 employees worldwide. For more information, please visit www.jarden.com.
Note: This news release contains "forward-looking statements" within the meaning of the federal securities laws and is intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's adjusted earnings per share, repurchase of shares of common stock from time to time under the Company's stock repurchase program, the outlook for Jarden's markets and the demand for its products, estimated sales, segment earnings, earnings per share, cash flows from operations, future revenues and margin requirement and expansion, organic growth, the success of new product introductions, growth in costs and expenses and the impact of acquisitions, divestitures, restructurings, and other unusual items, including Jarden's ability to integrate and obtain the anticipated results and synergies from its acquisitions. These projections and statements are based on management's estimates and assumptions with respect to future events and financial performance and are believed to be reasonable, though are inherently uncertain and difficult to predict. Actual results could differ materially from those projected as a result of certain factors. A discussion of factors that could cause results to vary is included in the Company's periodic and other reports filed with the Securities and Exchange Commission.