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RYE, NY-Its portfolio already brimming with leading brands in niche markets, locally based Jarden Corp. on Tuesday said it’s making its largest acquisition to date with a $1.75-billion deal for Yankee Candle Co., including YCC’s network of 561 owned and operated retail stores across the US and Canada. The candle maker’s current ownership, a fund managed by Chicago-based Madison Dearborn Partners, acquired the company in 2007 for $1.4 billion, including the assumption of $300 million in debt. The sale to Jarden is expected to close in the fourth quarter.

Martin Franklin, Jarden’s founder and executive chairman, calls the deal for South Deerfield, MA-based YCC “a natural extension” of his company’s existing portfolio and its branded consumables business segment in particular. The acquisition of the 43-year-old YCC could boost the branded consumables’ share of Jarden’s business to 35% of sales.

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