Yankee Candle Acquired for $1.75B

Jarden Corp, known for its Mr. Coffee products, agreed to buy candle maker Yankee Candle Co Inc. for $1.75 billion after private equity owner Madison Dearborn Partners failed to sell for a higher price earlier this year. The acquisition of Yankee Candle, the largest scented candle company in the United States, will bolster Jarden's branded consumables division.