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Jostens

From Wikipedia, the free encyclopedia
American memorabilia manufacturer

Jostens Inc.
Company typePrivate
Founded1897; 128 years ago (1897)
FounderOtto Josten
Headquarters,
Number of locations
10 facilities in North America
Area served
United States
Canada
Mexico
Europe
Asia
ProductsClass rings
Graduation regalia
Yearbooks
Graduation announcements
Letter jackets
Championship rings
School photography
OwnerPlatinum Equity
Number of employees
over 3,500[1]
Websitewww.jostens.comEdit this at Wikidata

Jostens Inc. is an American manufacturer ofmemorabilia. The company is primarily known for its production ofyearbooks,[2][3]academic regalia, andclass rings[4] for varioushigh schools andcolleges as well aschampionship rings for sports.[5] For over 50 years, Jostens has been the supplier of theSuper Bowl championship rings.[6] Jostens also produced photobook products forDisney's PhotoPass photography service offered atDisney theme parks and resorts.[7]

As well as itsheadquarters nearMinneapolis and operational offices inOwatonna, Minnesota, Jostens has facilities inClarksville, Tennessee;Denton, Texas;Eagan, Minnesota;Laurens, South Carolina;Sedalia, Missouri;Shelbyville, Tennessee; theDominican Republic; andAguascalientes, Mexico.

History

[edit]

Otto Josten founded the company as a watch-repair business inOwatonna in 1897.[8] Jostens (then called "Josten's" –the apostrophe was later dropped) began manufacturing emblems and awards for nearby schools. In 1906, its year of incorporation, Josten added class rings to his product line, the market being 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 ofaPriori Capital Partners. The following year, in 2004, DLJ andKKR formedMinneapolis, Minnesota-based Visant Corporation.[11][12]

On October 14, 2015, consumer products manufacturerJarden acquired Jostens from Visant Corporation, stating that it planned to take advantage of synergies with its other properties (particularlyRawlings andYankee 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 formNewell Brands.[15] In 2018, Newell Brands sold Jostens to Platinum Equity for $1.3 billion.[16][17]

Products

[edit]

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

In April 2015, Jostens launched the world's firstAdobe InDesign streaming partnership withAdobe Inc., called "Monarch," at theJournalism Education Association spring convention inDenver.[20]

References

[edit]
  1. ^"Community Involvement | Jostens".Archived from the original on 5 September 2020. Retrieved25 September 2020.
  2. ^Farhad Manjoo (28 May 2013)."Most Likely to Succeed".Slate Magazine.The Slate Group. Retrieved16 January 2014.
  3. ^Ki Mae Heussner (25 September 2012)."With $3.6M, TreeRing revives the yearbook for the Facebook generation".GigaOM. Archived fromthe original on 16 January 2014. Retrieved16 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.Archived from the original on 9 December 2024. Retrieved16 October 2024.
  7. ^Hooper, Michael (27 January 2007)."Jostens Inc. partners with Disney".Topeka Capitol-Journal.Archived from the original on 6 June 2011. Retrieved20 July 2009..
  8. ^"Jostens looks into expanding operations in Owatonna". 18 April 2014. Retrieved18 April 2014.
  9. ^"History of Jostens, Inc. – FundingUniverse".www.fundinguniverse.com. Retrieved1 October 2016.
  10. ^"History of Jostens, Inc. – FundingUniverse".www.fundinguniverse.com. Retrieved8 January 2019.
  11. ^Securities and Exchange Commission (25 May 2007)."VISANT HOLDING CORP (Form: S-1/A, Filing Date: 05/25/2007)"(PDF).SECdatabase.com. Securities and Exchange Commission. Retrieved10 October 2024.
  12. ^"In the Spotlight". 16 October 2015.Archived from the original on 19 September 2024. Retrieved11 October 2024.
  13. ^Picker, Leslie (14 October 2015)."Jarden Reaches Deal to Buy Jostens for $1.5 Billion".The New York Times.ISSN 0362-4331. Retrieved25 October 2015.
  14. ^"Jarden to Buy Yearbook Maker Jostens for About $1.5 Billion".Bloomberg. Retrieved14 December 2015.
  15. ^"Newell Rubbermaid to buy Jarden for $13.22 bln".CNBC. 14 December 2015.Archived from the original on 11 December 2024. Retrieved4 September 2024.
  16. ^"Newell Brands Announces Agreements to Sell Pure Fishing to Sycamore Partners and Jostens to Platinum Equity".Archived from the original on 26 November 2018. Retrieved25 November 2018.
  17. ^"Platinum Equity Completes $1.3B Purchase of Jostens | Los Angeles Business Journal".labusinessjournal.com. 26 December 2018.Archived from the original on 7 April 2020. Retrieved7 April 2020.
  18. ^Mueller, Paul (10 February 2024)."12 things you don't know about the Super Bowl ring".Fast Company. Retrieved16 October 2024.
  19. ^Belson, Ken (4 February 2018)."In the Super Bowl City, Building the Rings".The New York Times. Retrieved16 October 2024.
  20. ^"Jostens Launches Monarch™ Cloud Service for Yearbook Creation" (Press release).Archived from the original on 10 March 2016. Retrieved9 March 2016.

External links

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