Jostens

Jostens
Subsidiary
Founded 1897 (1897)
Founder Otto Josten
Headquarters Minneapolis, Minnesota, United States
Number of locations
 13 facilities in North America
Area served
 United States, Canada, Europe
Products Class rings, Yearbooks, Announcements, Caps & gown, Apparel, Championship rings
Parent Newell Brands (2015–present)
Website www.jostens.com

Jostens is an American manufacturer of memorabilia. The company is primarily known for its production of yearbooks[1][2] and class rings[3] for various high schools and colleges as well as championship rings for sports.[4] Jostens also produced photobook products for Disney's PhotoPass photography service offered at Disney theme parks and resorts.[5]

History

Begun in 1897 by Otto Josten, 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.[6] Otto Josten founded the company as a watch-repair business in Owatonna, Minnesota, in 1897.[7]

On October 14, 2015, Jarden announced that it would acquire Jostens for $1.5 billion, 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".[8][9]

After being acquired by Jarden in 2015, Jarden merged with Newell Rubbermaid in 2016 to form Newell Brands.[10]

Products

In mid 2013, Jostens released the yearbook industry's first iPad app at the National Scholastic Press Association Spring Convention in San Francisco.[11]

References

  1. ↑ Farhad Manjoo (28 May 2013). "Most Likely to Succeed". Slate Magazine. The Slate Group. Retrieved 16 January 2014.
  2. ↑ Ki Mae Heussner (25 September 2012). "With $3.6M, TreeRing revives the yearbook for the Facebook generation". GigaOM. Retrieved 16 January 2014.
  3. ↑ Barmash, Isadore (2003). A Not-So-Tender Offer. Beard Books. p. 23. ISBN 1-58798-171-8.
  4. ↑ Harmon, Michael (2005). The Savvy Guide to Fantasy Sports. Indy Tech Publishing. p. 18. ISBN 0-7906-1313-1.
  5. ↑ Hooper, Michael (January 27, 2007). "Jostens Inc. partners with Disney". Topeka Capitol-Journal..
  6. ↑ "History of Jostens, Inc. – FundingUniverse". www.fundinguniverse.com. Retrieved 2016-10-01.
  7. ↑ "Jostens looks into expanding operations in Owatonna". 18 April 2014. Retrieved 18 April 2014.
  8. ↑ 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.
  9. ↑ "Jarden to Buy Yearbook Maker Jostens for About $1.5 Billion". Bloomberg. Retrieved 14 December 2015.
  10. ↑ Research, Zacks Investment. "Newell (NWL) Closes Jarden Merger, Creates Newell Brands". Retrieved 2016-10-01.
  11. ↑ "Jostens Introduce Educational iPad App".
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