Jostens

Last updated
Jostens Inc.
Company typePrivate
Founded1897;127 years ago (1897)
FounderOtto Josten
Headquarters
Minneapolis, Minnesota
,
United States
Number of locations
10 facilities in North America
Area served
 United States
Canada
Mexico
Europe
Products Class rings
Graduation regalia
Yearbooks
Graduation announcements
Letter jackets
Championship rings
School photography
Owner Platinum Equity
Number of employees
3,500 [1]
Website www.jostens.com OOjs UI icon edit-ltr-progressive.svg

Jostens Inc. is an American manufacturer of memorabilia. The company is primarily known for its production of yearbooks [2] [3] , academic regalia, and class rings [4] for various high schools and colleges as well as championship rings for sports. [5] For over 50 years, Jostens has been the supplier of the Super Bowl championship rings. [6] Jostens also produced photobook products for Disney's PhotoPass photography service offered at Disney theme parks and resorts. [7]

Contents

As well as its headquarters near Minneapolis and operational offices in Owatonna, Minnesota, Jostens has facilities in Clarksville, Tennessee; Denton, Texas; Eagan, Minnesota; Laurens, South Carolina; Sedalia, Missouri; Shelbyville, Tennessee; the Dominican Republic; and Mexico.

History

Otto Josten founded the company as a watch-repair business in Owatonna in 1897. [8] Jostens (then called "Josten's" — the apostrophe was later dropped) began manufacturing emblems and awards for nearby schools and in 1906, the year of incorporation, Josten added class rings to his product line, to be sold to schools throughout the Midwest. [9] Jostens created the American Yearbook Company in 1950, [10] later merging it under the Jostens brand.

In 2003, Jostens was acquired by private equity firm DLJ Merchant Banking, a subsidiary of aPriori Capital Partners. The following year, in 2004, DLJ and KKR formed Minneapolis, Minnesota-based Visant Corporation. [11] [12]

On October 14, 2015, consumer products manufacturer Jarden acquired Jostens from Visant Corporation, stating that it planned to take advantage of synergies with its other properties (particularly Rawlings and Yankee Candle), and "turn it into a true consumer-product business, as opposed to it historically being run like a printing asset". [13] [14]

Jarden merged with Newell Rubbermaid in 2016 to form Newell Brands. [15] In 2018, Newell Brands sold Jostens to Platinum Equity for $1.3 billion. [16] [17]

Products

Jostens is the primary supplier of Super Bowl rings, and has made 37 of the 57 championship rings as of 2024. [18] [19]

In April 2015, Jostens launched the world's first Adobe InDesign streaming partnership with Adobe Inc., called "Monarch," at the Journalism Education Association spring convention in Denver. [20]

Related Research Articles

<span class="mw-page-title-main">Coleman (brand)</span> Brand of outdoor recreation products

The Coleman Company, Inc. is an American brand of outdoor recreation products, especially camping gear, now owned by Newell Brands. The company's new headquarters are in Chicago, and it has facilities in Wichita, Kansas, and in Texas. There are approximately 4,000 employees. Some of the products manufactured are portable stoves, lanterns, coolers, sleeping bags, camp chairs, and shelters.

Sunbeam Products is an American company founded in 1897 that has produced electric home appliances under the Sunbeam name since 1910. Its products have included the Mixmaster mixer, the Sunbeam CG waffle iron, Coffeemaster (1938–1964) and the fully automatic T20 toaster.

<span class="mw-page-title-main">Newell Brands</span> American consumer products company

Newell Brands Inc. is an American manufacturer, marketer and distributor of consumer and commercial products. The company's brands and products include Rubbermaid storage and trash containers; home organization and reusable container products; Contigo and Bubba water bottles; Coleman outdoor products; writing instruments glue ; children's products ; cookware and small appliances and fragrance products.

<span class="mw-page-title-main">Rubbermaid</span> American manufacturer and distributor of household items

Rubbermaid is an American manufacturer and distributor of household items. A subsidiary of Newell Brands, it is best known for producing food storage containers and trash cans. It also produces sheds, step stools, closets and shelving, laundry baskets, bins, air fresheners and other household items.

<span class="mw-page-title-main">Yankee Candle</span> American manufacturer and retailer

The Yankee Candle Company, Inc., doing business as Yankee Candle, is an American manufacturer and retailer of scented candles, candleholders, accessories, and dinnerware. Its products are sold by thousands of gift shops nationwide, through catalogs, and online, and in nearly 50 countries around the world. The company operates just over 260 small-box format stores, located in malls across 43 U.S. states and Ontario, and is the largest candle manufacturer in the United States. The company is headquartered in South Deerfield, Massachusetts.

<span class="mw-page-title-main">Mr. Coffee</span> American coffee machine brand

Mr. Coffee is a brand of automatic drip-brew kitchen coffee machines and other kitchen appliances owned by Newell Brands. Founded in the early 1970s to make a pioneering coffeemaker, Mr. Coffee established itself as the industry's top-selling brand through a promotional relationship with former New York Yankee great Joe DiMaggio, a Major League Baseball Hall of Famer held in high regard by that era's consumers. It subsequently expanded into other kitchen products, such as a related tea maker, juicer, and food dehydrator, and integrated wireless technology into a "smart" version of its coffeemaker. Mr. Coffee is a registered trademark.

<span class="mw-page-title-main">Jarden</span> American consumer products manufacturer

Jarden was an American consumer products company. Formed by the spin out of Ball Corporation's canning business, the company became a wider conglomerate of consumer brands, particularly in the outdoors and home appliances market. Jarden was acquired in 2016 by Newell Rubbermaid, which renamed itself Newell Brands.

<span class="mw-page-title-main">Rawlings (company)</span> American sports equipment company

Rawlings Sporting Goods is an American sports equipment manufacturing company based in Maryland Heights, Missouri. Founded in 1887, Rawlings currently specializes in baseball and softball clothing and equipment, producing gloves, bats, balls, protective gear, batting helmets, uniforms, bags. Footwear includes sneakers, and sandals. The company also sells other accessories such as belts, wallets, and sunglasses. Former products manufactured by Rawlings included American football, basketball, soccer, and volleyball balls.

<span class="mw-page-title-main">Graco (baby products)</span>

Graco Children's Products Inc. is an American baby products company based in High Point, North Carolina. It is owned and operated by Newell Brands. Graco offers products including car seats, travel systems, strollers, high chairs, play yards, and baby swings.

ABU Garcia, originally AB Urfabriken, then ABU Svängsta, is a fishing reel and equipment manufacturing company founded in Svängsta, Sweden, and is now owned by Pure Fishing conglomerate of the United States.

<span class="mw-page-title-main">Elmer's Products</span> American craft manufacturer

Elmer's Products, Inc. or simply Elmer's, is an American-based company that has a line of adhesive, craft, home repair, and office supply products. It is best known as the manufacturer of Elmer's Glue-All, a popular PVA-based synthetic glue, in addition to other brands including Krazy Glue, ProBond and CraftBond adhesives, and X-Acto cutting tools.

Rexair LLC is an American manufacturer of vacuum cleaners based in Troy, Michigan. Rexair is predominantly known for its production and marketing of a home cleaning system that uses water as its primary filter.

Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995, headquartered in Beverly Hills, California. The firm focuses on leveraged buyout investments of established companies in the U.S., Europe and Asia.

First Alert is the retail brand of American safety equipment manufacturer BRK Brands, Inc., established in 1976 and based in Aurora, Illinois, with a production plant in Juarez, Mexico. Products sold with the brand include carbon monoxide detectors, smoke alarms, fire extinguishers, and other safety products like flashlights and fire escape ladders. First Alert supports fire safety in partnership with Safe Kids USA and The United States Fire Administration, providing smoke alarms at reduced cost to low-income families in the United States.

MidOcean Partners is a New York–based alternative asset management firm that specializes in mid-sized private equity and alternative leveraged investments.

Berkley is a fishing tackle company founded in Spirit Lake, Iowa, in 1937 as Berkley Fly Co. by Berkley Bedell.

<span class="mw-page-title-main">Rival (consumer products company)</span> American home appliance manufacturer

The Rival Company is an American manufacturer of small appliances that produces products under the Bionaire, Crock-Pot, Fasco, Patton, Pollenex, Rival, Simer, and White Mountain brands. It became a wholly owned subsidiary of Holmes Products Corp. in 1999, and later became a brand of Sunbeam Products, a subsidiary of Jarden Corporation, which purchased Holmes in 2005. Jarden, in turn, merged with Newell Rubbermaid in 2016. It is now part of the Newell Brands company.

James E. Lillie is an American business executive. He currently serves as Vice Chairman of Mariposa Capital, a private family office. Since 2017, he has been a member of the Board of Directors of Tiffany & Co., and he was named Co-Chairman of APi Group, Inc. in 2019. He served as CEO of Jarden Corp. from 2011 until its 2015 sale to Newell Brands. Lillie is long-term business partners with Martin E. Franklin and Ian G. H. Ashken. He has been a frequent guest and guest host on CNBC and Bloomberg TV.

Sir Martin Ellis Franklin, KGCN is a British American, Miami-based businessman. He is the founder and chairman of Element Solutions Inc.; co-founder and co-chairman of Nomad Foods Limited, and co-founder and former chairman of Jarden Corporation, which was sold to Newell Brands in 2016. Franklin is also the founder and CEO of Mariposa Capital, a Miami-based family investment firm; a director of Restaurant Brands International Inc.; chairman and controlling shareholder of Royal Oak Enterprises, LLC, and is a principal and executive officer of several other private investment entities.

White Mountain Products is a brand of ice cream makers in the Sunbeam products division. It is a subsidiary of Newell Brands.

References

  1. ↑ "Community Involvement | Jostens".
  2. ↑ Farhad Manjoo (28 May 2013). "Most Likely to Succeed". Slate Magazine . The Slate Group . Retrieved 16 January 2014.
  3. ↑ Ki Mae Heussner (25 September 2012). "With $3.6M, TreeRing revives the yearbook for the Facebook generation". GigaOM . Retrieved 16 January 2014.
  4. ↑ Barmash, Isadore (2003). A Not-So-Tender Offer. Beard Books. p. 23. ISBN   1-58798-171-8.
  5. ↑ Harmon, Michael (2005). The Savvy Guide to Fantasy Sports . Indy Tech Publishing. pp.  18. ISBN   0-7906-1313-1. Jostens +class rings.
  6. ↑ Robinson, Melia. "Here are the extravagant rings given to Super Bowl champions over the years". Business Insider. Retrieved 2024-10-16.
  7. ↑ Hooper, Michael (January 27, 2007). "Jostens Inc. partners with Disney". Topeka Capitol-Journal..
  8. ↑ "Jostens looks into expanding operations in Owatonna". 18 April 2014. Retrieved 18 April 2014.
  9. ↑ "History of Jostens, Inc. – FundingUniverse". www.fundinguniverse.com. Retrieved 2016-10-01.
  10. ↑ "History of Jostens, Inc. – FundingUniverse". www.fundinguniverse.com. Retrieved 2019-01-08.
  11. ↑ http://pdf.secdatabase.com/737/0001047469-07-004643.pdf
  12. ↑ https://aprioricapital.com/news/in-the-spotlight/
  13. ↑ Picker, Leslie (2015-10-14). "Jarden Reaches Deal to Buy Jostens for $1.5 Billion". The New York Times. ISSN   0362-4331 . Retrieved 2015-10-25.
  14. ↑ "Jarden to Buy Yearbook Maker Jostens for About $1.5 Billion". Bloomberg. Retrieved 14 December 2015.
  15. ↑ "Newell Rubbermaid to buy Jarden for $13.22 bln". CNBC. 2015-12-14. Retrieved 2024-09-04.
  16. ↑ "Newell Brands Announces Agreements to Sell Pure Fishing to Sycamore Partners and Jostens to Platinum Equity" . Retrieved 2018-11-25.
  17. ↑ "Platinum Equity Completes $1.3B Purchase of Jostens | Los Angeles Business Journal". labusinessjournal.com. 26 December 2018. Retrieved 2020-04-07.
  18. ↑ Mueller, Paul (10 February 2024). "12 things you don't know about the Super Bowl ring". Fast Company . Retrieved 16 October 2024.
  19. ↑ Belson, Ken (4 February 2018). "In the Super Bowl City, Building the Rings". The New York Times . Retrieved 16 October 2024.
  20. ↑ "Jostens Launches Monarch™ Cloud Service for Yearbook Creation" (Press release).
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.