It is a natural fit for Coleman. We currently offer more than 30 models of indoor and outdoor air beds and accessories, so we understand this market and the wants and needs of the air bed consumer.
Wichita, KS (Vocus) October 1, 2010
The Coleman Company, Inc., a global leader in the innovation and marketing of outdoor products and a wholly owned subsidiary of Jarden Corporation (NYSE:JAH), today announced the acquisition of Aero Products International, Inc., a leading provider of premium, air-filled products marketed under brand names including Aerobed® and Aero Sport®.
A category leader for premium, air-filled mattresses, Aero Products has offered a wide variety of innovative products for nearly 20 years. Aero has strong, long-standing customer relationships that complement Coleman’s distribution, enhancing its ability to reach more consumers.
“We are excited about the opportunities this transaction presents,” commented Sam Solomon, President and CEO of Coleman. “It is a natural fit for Coleman. We currently offer more than 30 models of indoor and outdoor air beds and accessories, so we understand this market and the wants and needs of the air bed consumer. Through this acquisition, we will enter new distribution channels and expand our offering in the indoor and premium product segments.”
Additional details of the transaction were not disclosed.
ABOUT THE COLEMAN COMPANY
As a global leader in the innovation and marketing of outdoor products, Coleman, The Outdoor Company, helps people have fun and make memories by providing the gear integral to their favorite outdoor experiences. The company’s products include its legendary lanterns and stoves, as well as coolers, tents, sleeping bags, airbeds, backpacks, furniture, and grills under the Coleman® brand. Additionally, the company provides flotation devices, towables, rainwear, waders, hunting and fishing gear as well as safety and survival equipment under its Stearns®, Sevylor®, Sospenders®, Hodgman®, Mad Dog Gear®, and Helium® brands. Founded in 1900 and based in Wichita, Kansas, Coleman is a wholly owned subsidiary of Jarden Corporation. For more information, please visit http://www.coleman.com.
ABOUT AERO PRODUCTS INTERNATIONAL
Aero Products International, Inc. is a leading global provider and innovator of premium, air-filled mattresses for indoor and outdoor use. The company’s products, which include a broad portfolio of airbeds and accessories, are highly recognized for their convenience, innovation, comfort and style. Products are marketed primarily under the Aerobed® and Aero Sport® brand names. The company was founded in 1992 and is based in Schaumburg, Illinois. For more information, please visit http://www.aerobed.com.
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! ®, K2®, Marker®, Marmot®, Mitchell®, Penn®, Rawlings®, Shakespeare®, Stearns®, Stren®, Trilene®, Völkl ®, 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®, Billy Boy®, Crawford®, Diamond®, Dicon®, Fiona®, First Alert®, First Essentials®, Forster®, Hoyle®, Kerr®, Lehigh®, Leslie-Locke®, Lillo®, Loew Cornell®, Mapa®, NUK®, Pine Mountain®, Spontex® and Tigex®. Headquartered in Rye, N.Y., Jarden has over 25,000 employees worldwide. For more information, please visit http://www.jarden.com.