16.10.2015 16:50:00
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Visant Corporation -- Moody's says Jarden's acquisition of Visant is credit positive, but doesn't affect its rating or outlook
New York, October 16, 2015 -- Moody's said that, Jarden's announcement yesterday that it had agreed to acquire Visant Holding Corp. ("Visant" rated Caa1 under review for upgrade), the parent company of Jostens, Inc. for $1.5 billion is credit positive because it will expand Jarden's product portfolio and broaden its distribution platform and is leverage neutral. .