RYE, N.Y., Aug. 9 /PRNewswire-FirstCall/ -- Jarden Corporation (NYSE: JAH) announced that it has successfully resolved the Federal Trade Commission's ('FTC') challenge of its acquisition of K2 Inc. (NYSE: KTO) and, as previously announced, completed its acquisition of K2 on August 8, 2007 . Under the terms of a consent order resolving the FTC's charges and allowing the transaction to proceed, K2 sold assets related to four types of monofilament fishing line: Cajun Line, Omniflex, Outcast, and Supreme.

The revenues associated with the disposed assets were immaterial to Jarden or K2. Martin E. Franklin, Chairman and Chief Executive Officer of Jarden, said, 'We are pleased to have reached this positive outcome with the FTC, which enabled the closing of the K2 acquisition on the day its shareholders approved it. With the acquisition of K2 now closed, we are excited about the opportunities ahead, with K2 as part of the Jarden family, as we continue to create shareholder value by building our portfolio of diversified, market- leading, niche consumer product brands.'

About Jarden Corporation:

Jarden Corporation is a leading provider of niche consumer products used in and around the home. Jarden operates in three primary business segments through a number of well recognized brands, including: Branded Consumables: Ball(R), Bee(R), Bicycle(R), Crawford(R), Diamond(R), Dicon(R), First Alert(R), Forster(R), Hoyle(R), Java Log(R), Kerr(R), Lehigh(R), Leslie- Locke(R), Loew-Cornell(R) and Pine Mountain(R); Consumer Solutions: Bionaire(R), Crock-Pot(R), FoodSaver(R), Harmony(R), Health o meter(R), Holmes(R), Mr. Coffee(R), Oster(R), Patton(R), Rival(R), Seal-a-Meal(R), Sunbeam(R), VillaWare(R) and White Mountain(TM); and Outdoor Solutions: Abu Garcia(R), Berkley(R), Campingaz(R), Coleman(R), Fenwick(R), Gulp(R), JT(R), K2(R), Marker(R), Marmot(R), Mitchell(R), Penn(R), Rawlings(R), Shakespeare(R), Sevylor(R), Stearns(R), Stren(R), Trilene(R) and Volkl(R). Headquartered in Rye, N.Y., Jarden has over 25,000 employees worldwide. For more information, please visit www.jarden.com.

Note: This news release contains 'forward-looking statements' within the meaning of the federal securities laws and is intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995, including statements regarding the outlook for Jarden's markets and the demand for its products, estimated sales, segment earnings, earnings per share, future cash flows from operations, future revenues and margin requirement and expansion, the success of new product introductions, growth in costs and expenses and the impact of acquisitions, divestitures, restructuring and other unusual items, including Jarden's ability to integrate and obtain the anticipated results and synergies from its acquisitions. These projections and statements are based on management's estimates and assumptions with respect to future events and financial performance and are believed to be reasonable, though are inherently uncertain and difficult to predict. Actual results could differ materially from those projected as a result of certain factors. A discussion of factors that could cause results to vary is included in the Company's periodic and other reports filed with the Securities and Exchange Commission.

SOURCE Jarden Corporation