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Jostens

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Jostens
Company typePrivate
Founded1897; 127 years ago (1897)
FounderOtto Josten
Headquarters
Minneapolis, Minnesota
,
United States
Number of locations
10 facilities in North America
Area served
United States, Canada, Mexico, Europe
ProductsClass rings, Graduation Regalia, Yearbooks, Yearbook+™, Graduation Announcements, Announcements+™, Apparel and Accessories, Letter Jackets, Championship Rings, School Photography, Renaissance
OwnerPlatinum Equity
Number of employees
3,500[1]
Websitewww.jostens.com Edit this at Wikidata

Jostens creates unique experiences and delivers high quality products, such as; yearbooks, class rings and jewelry, graduation cap and gowns, apparel and accessories, letter jackets, championship rings, diplomas and announcements, school photography, and the Renaissance program that helps students and families to participate in, celebrate and memorialize their once in a lifetime experiences that champion a culture of belonging, achievement and pride.

As well as its headquarters near Minneapolis and operational offices in Owatonna, Minnesota, Jostens has facilities in Clarksville, TN; Shelbyville, TN; Denton, TX; Eagan, MN; Laurens, SC; Sedalia, MS; the Dominican Republic; and Mexico.

History

Otto Josten founded the company as a watch-repair business in Owatonna in 1897.[2] 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.[3] Jostens created the American Yearbook Company in 1950,[4] 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".[5][6]

Jarden merged with Newell Rubbermaid in 2016 to form Newell Brands.[7] In 2018, Newell Brands sold Jostens to Platinum Equity for $1.3 billion.[8][9]

Products

Jostens is the primary supplier of Super Bowl rings, and has made 31 champion rings in the Super Bowl's 50-year history through 2017.[10]

In addition to carefully crafting customizable Class Rings, Graduation Regalia, Yearbooks, Graduation Announcements, Apparel and Accessories, and Letter Jackets – Jostens has introduced patented pending innovations such as Yearbook+™, and Announcements+™. Jostens also produces premiere quality Championship Rings for professional sports teams, provides School Photography and the Renaissance program that serves as an enduring mental wellness advantage to both teachers and students.

In April 2015, Jostens launched the world's first Adobe InDesign streaming partnership with Adobe Systems, called "Monarch," at the Journalism Education Association spring convention in Denver.[11]

References

  1. ^ "Community Involvement | Jostens".
  2. ^ "Jostens looks into expanding operations in Owatonna". 18 April 2014. Retrieved 18 April 2014.
  3. ^ "History of Jostens, Inc. – FundingUniverse". www.fundinguniverse.com. Retrieved 2016-10-01.
  4. ^ "History of Jostens, Inc. – FundingUniverse". www.fundinguniverse.com. Retrieved 2019-01-08.
  5. ^ 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.
  6. ^ "Jarden to Buy Yearbook Maker Jostens for About $1.5 Billion". Bloomberg. Retrieved 14 December 2015.
  7. ^ Research, Zacks Investment. "Newell (NWL) Closes Jarden Merger, Creates Newell Brands". Retrieved 2016-10-01.
  8. ^ "Newell Brands Announces Agreements to Sell Pure Fishing to Sycamore Partners and Jostens to Platinum Equity". Retrieved 2018-11-25.
  9. ^ "Platinum Equity Completes $1.3B Purchase of Jostens | Los Angeles Business Journal". labusinessjournal.com. Retrieved 2020-04-07.
  10. ^ "Here are the extravagant rings given to Super Bowl champions over the years". Business Insider. Feb 5, 2017. Retrieved Oct 6, 2017.
  11. ^ "Jostens Launches Monarch™ Cloud Service for Yearbook Creation".
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