Jarden Corp. has launched a secondary offering, due to close on Oct. 21, for 10 million shares priced at $49.00 each, plus an overallotment of 1.5 million shares. The proceeds will be used to fund a portion of its planned acquisition of Jostens, a company  that supplies high-school memorabilia such as yearbooks and championship rings for students and professional athletes, caps and gowns, diplomas, varsity jackets and other products. Jarden will obtain Jostens through the $1.4 billion purchase of Visant Holding Corp., the parent of Jostens and related businesses, from a group of private-equity firms including Kohlberg Kravis Roberts & Company and aPriori Capital Partners. Jostens, which generates annual revenues of around $740 million, will be reported as part of Jarden's Outdoor Solutions segment, which has a portfolio of more than two dozen sporting goods brands. Jarden said the acquisition is expected to increase its gross profit and operating margins in 2016. The transaction is expected to close in the fourth quarter of 2015, subject to customary conditions.

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