RYE, N.Y.–Jarden, known for brands such as Sunbeam, Crock-Pot and Mr. Coffee, said it has made a binding offer to acquire the Mapa Spontex baby-care and home-care businesses of Total S.A.
According to a statement from Jarden, the company will pay about $500 million in chase, less any indebtedness it assumes. Mapa Spontex is headquartered in Paris and is an international manufacturer of infant and health-care accessories. Its baby products are sold under the NUK, Tigex, Lillo, Fiona and First Essentials brands, while its health-care products are sold under the Mapa and Spontex brands. Sales for Mapa Spontex in 2008 totaled about $800 million.
In the Jarden statement, Martin Franklin, chairman and chief executive officer, said the Mapa Spontex line will be placed in Jarden’s Branded Consumables segment. Franklin said this acquisition will expand Jarden’s products and distribution channels into “new, attractive categories,” diversify the company’s revenues and expand its international presence. Mapa Spontex’s global markets include Europe, Latin America and North America; Jarden’s manufacturing locations include Brazil, Germany, Malaysia and Spain.
