Jostens Explained

Jostens
Type:Private
Founder:Otto Josten
Area Served:United States, Canada, Mexico, Europe
Products:Class rings, Graduation Regalia, Yearbooks, Graduation Announcements, Letter Jackets, Championship Rings, School Photography
Owner:Platinum Equity
Location City:Minneapolis, Minnesota
Location Country:United States
Locations:10 facilities in North America
Num Employees:3,500[1]

Jostens is an American manufacturer of memorabilia. The company is primarily known for its production of yearbooks[2] [3] and class rings[4] for various high schools and colleges as well as championship rings for sports.[5] Jostens also produced photobook products for Disney's PhotoPass photography service offered at Disney theme parks and resorts.[6]

As well as its headquarters near Minneapolis and operational offices in Owatonna, Minn., Jostens has facilities in Clarksville, Tenn.; Denton, Texas; Eagan, Minn.; Laurens, S.C.; Sedalia, Mo.; Shelbyville, Tenn.; the Dominican Republic; and Mexico.

History

Otto Josten founded the company as a watch-repair business in Owatonna in 1897.[7] 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.[8] Jostens created the American Yearbook Company in 1950,[9] later merging it under the Jostens brand.

On October 14, 2015, Jarden acquired Jostens from Visant Corporation, 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".[10] [11]

Jarden merged with Newell Rubbermaid in 2016 to form Newell Brands.[12] In 2018, Newell Brands sold Jostens to Platinum Equity for $1.3 billion.[13] [14]

Products

Jostens is the primary supplier of Super Bowl rings, and has made 31 champion rings in the Super Bowl's 50-year history .[15]

In April 2015, Jostens launched the world's first Adobe InDesign streaming partnership with Adobe Inc., called "Monarch," at the Journalism Education Association spring convention in Denver.[16]

Notes and References

  1. Web site: Community Involvement | Jostens.
  2. Web site: Most Likely to Succeed. Slate Magazine. The Slate Group. 16 January 2014. Farhad Manjoo. Farhad Manjoo. 28 May 2013.
  3. Web site: With $3.6M, TreeRing revives the yearbook for the Facebook generation. GigaOM. 16 January 2014. Ki Mae Heussner. 25 September 2012.
  4. Book: Barmash, Isadore . A Not-So-Tender Offer . 2003 . Beard Books . 1-58798-171-8 . 23 .
  5. Book: Harmon, Michael . The Savvy Guide to Fantasy Sports . 2005 . Indy Tech Publishing . 0-7906-1313-1 . 18 . registration . Jostens +class rings. .
  6. News: Jostens Inc. partners with Disney. Hooper. Michael . January 27, 2007. Topeka Capitol-Journal. .
  7. Web site: Jostens looks into expanding operations in Owatonna. 18 April 2014. 18 April 2014.
  8. Web site: History of Jostens, Inc. – FundingUniverse. www.fundinguniverse.com. 2016-10-01.
  9. Web site: History of Jostens, Inc. – FundingUniverse. www.fundinguniverse.com. 2019-01-08.
  10. News: 0362-4331. Picker. Leslie. Jarden Reaches Deal to Buy Jostens for $1.5 Billion. The New York Times. 2015-10-25. 2015-10-14.
  11. News: Jarden to Buy Yearbook Maker Jostens for About $1.5 Billion. 14 December 2015. Bloomberg.
  12. Web site: Newell (NWL) Closes Jarden Merger, Creates Newell Brands. Research. Zacks Investment. 2016-10-01.
  13. Web site: Newell Brands Announces Agreements to Sell Pure Fishing to Sycamore Partners and Jostens to Platinum Equity. 2018-11-25.
  14. Web site: Platinum Equity Completes $1.3B Purchase of Jostens Los Angeles Business Journal. labusinessjournal.com. 26 December 2018 . 2020-04-07.
  15. Web site: Here are the extravagant rings given to Super Bowl champions over the years . Business Insider . Feb 5, 2017 . Oct 6, 2017.
  16. Jostens Launches Monarch™ Cloud Service for Yearbook Creation.