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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549





FORM 10-Q





(Mark One)



|x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ---------------------------------------------------------------------------------------

For the quarterly period ended March 31, 2010

or



| ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ----------------------------------------------------------------------------------------

For the transition period from  to

Commission File Number: 001-13665





Jarden Corporation

(Exact name of registrant as specified in its charter)







|                                                               |  |                                     
|-------------------------------------------------------------- |  | ------------------------------------
|Delaware                                                       |  | 35-1828377                          
|(State or other jurisdiction of incorporation or organization) |  | (I.R.S. Employer Identification No.)



|                                         |  |           
|---------------------------------------- |  | ----------
|555 Theodore Fremd Avenue, Rye, New York |  | 10580     
|(Address of principal executive offices) |  | (Zip code)

(914) 967-9400

(Registrants telephone number, including area code)

None

(Former name, former address and former fiscal year, if changed since last report)





Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90
days.    Yes  x    No   ̈

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File
required to be submitted and posted pursuant to Rule 405 of Regulation ST (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such
files).    Yes   ̈    No   ̈

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company.
See definition of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act:



|                        |  |   |  |                           |  |  
|----------------------- |  | - |  | ------------------------- |  | -
|Large accelerated filer |  | x |  | Accelerated filer         |  |  ̈
|                        |  |   | 
|Non-accelerated filer   |  |  ̈ |  | Smaller reporting company |  |  ̈

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange
Act).    Yes   ̈    No  x

Indicate the number of shares outstanding of each of the issuers classes of common stock, as of the latest practicable date.



|                                        |  |                              
|--------------------------------------- |  | -----------------------------
|Class                                   |  | Outstanding at April
26, 2010
|Common Stock, par value $0.01 per share |  | 92,203,000 shares            









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JARDEN CORPORATION

Quarterly Report on Form 10-Q

For the three months ended March 31, 2010

INDEX



|              |  |                                                                                                    |  |           
|------------- |  | -------------------------------------------------------------------------------------------------- |  | ----------
|              |  |                                                                                                    |  | PageNumber
|PART I.       |  | FINANCIAL INFORMATION:                                                                             |  |           
|              |  |                                                                                                   
|Item 1.       |  | Financial Statements (unaudited):                                                                  |  | 3         
|              |  | Condensed Consolidated Statements of Operations for the three months ended March 31, 2010 and 2009 |  | 3         
|              |  | Condensed Consolidated Balance Sheets at March 31, 2010 and December 31, 2009                      |  | 4         
|              |  | Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2010 and 2009 |  | 5         
|              |  | Notes to Condensed Consolidated Financial Statements                                               |  | 6         
|              |  |                                                                                                   
|Item 2.       |  | Managements Discussion and Analysis of Financial Condition and Results of Operations              |  | 21        
|              |  |                                                                                                   
|Item 3.       |  | Quantitative and Qualitative Disclosures About Market Risk                                         |  | 28        
|              |  |                                                                                                   
|Item 4.       |  | Controls and Procedures                                                                            |  | 28        
|              |  |                                                                                                   
|PART II.      |  | OTHER INFORMATION:                                                                                 |  |           
|              |  |                                                                                                   
|Item 1.       |  | Legal Proceedings                                                                                  |  | 29        
|              |  |                                                                                                   
|Item 1A.      |  | Risk Factors                                                                                       |  | 29        
|              |  |                                                                                                   
|Item 6.       |  | Exhibits                                                                                           |  | 30        
|              | 
|Signatures    |  |                                                                                                   
|              | 
|Exhibit Index |  |                                                                                                   



2



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##### Table of Contents

PART I. FINANCIAL INFORMATION



|Item 1. | Financial Statements
|------- | --------------------

JARDEN CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In millions, except per share amounts)



|                                                                                                                                                                     |  |                             |         |   |      |   |        
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------- | ------- | - | ---- | - | -------
|                                                                                                                                                                     |  | Three months endedMarch 31,
|                                                                                                                                                                     |  | 2010                        |         |   | 2009
|Net sales                                                                                                                                                            |  | $                           | 1,189.1 |   |      | $ | 1,138.9
|Cost of sales                                                                                                                                                        |  |                             | 880.0   |   |      |   | 846.6  
|                                                                                                                                                                     |  |                             |         |   |      |   |        
|Gross profit                                                                                                                                                         |  |                             | 309.1   |   |      |   | 292.3  
|Selling, general and administrative expenses (including stock-based compensation of $16.5 and $9.1 for the three months ended
March 31, 2010 and 2009, respectively) |  |                             | 337.8   |   |      |   | 228.4  
|Reorganization and acquisition-related integration costs, net                                                                                                        |  |                             |        |   |      |   | 12.2   
|                                                                                                                                                                     |  |                             |         |   |      |   |        
|Operating earnings (loss)                                                                                                                                            |  |                             | (28.7   | ) |      |   | 51.7   
|Interest expense, net                                                                                                                                                |  |                             | 40.2    |   |      |   | 36.2   
|                                                                                                                                                                     |  |                             |         |   |      |   |        
|Income (loss) before taxes                                                                                                                                           |  |                             | (68.9   | ) |      |   | 15.5   
|Income tax provision (benefit)                                                                                                                                       |  |                             | (9.9    | ) |      |   | 6.6    
|                                                                                                                                                                     |  |                             |         |   |      |   |        
|Net income (loss)                                                                                                                                                    |  | $                           | (59.0   | ) |      | $ | 8.9    
|                                                                                                                                                                     |  |                             |         |   |      |   |        
|Earnings (loss) per share:                                                                                                                                           |  |                             |         |   |      |   |        
|Basic                                                                                                                                                                |  | $                           | (0.66   | ) |      | $ | 0.12   
|Diluted                                                                                                                                                              |  | $                           | (0.66   | ) |      | $ | 0.12   
|Weighted average shares outstanding:                                                                                                                                 |  |                             |         |   |      |   |        
|Basic                                                                                                                                                                |  |                             | 89.3    |   |      |   | 75.3   
|Diluted                                                                                                                                                              |  |                             | 89.3    |   |      |   | 75.9   

See accompanying notes
to condensed consolidated financial statements.



3



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JARDEN CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In millions, except per share data)



|                                                                                                                                        |  |               |         |   |                  |   |         |  
|--------------------------------------------------------------------------------------------------------------------------------------- |  | ------------- | ------- | - | ---------------- | - | ------- | -
|                                                                                                                                        |  | March 31,2010 |         |   | December 31,2009 |  
|Assets                                                                                                                                  |  |               |         |   |                  |   |         |  
|Cash and cash equivalents                                                                                                               |  | $             | 951.0   |   |                  | $ | 827.4   |  
|Accounts receivable, net of allowances of $56.9 and $60.7 at March 31, 2010 andDecember 31, 2009, respectively                          |  |               | 870.5   |   |                  |   | 851.3   |  
|Inventories                                                                                                                             |  |               | 1,066.8 |   |                  |   | 974.1   |  
|Deferred taxes on income                                                                                                                |  |               | 185.7   |   |                  |   | 153.2   |  
|Prepaid expenses and other current assets                                                                                               |  |               | 122.9   |   |                  |   | 182.0   |  
|                                                                                                                                        |  |               |         |   |                  |   |         |  
|Total current assets                                                                                                                    |  |               | 3,196.9 |   |                  |   | 2,988.0 |  
|                                                                                                                                        |  |               |         |   |                  |   |         |  
|Property, plant and equipment, net                                                                                                      |  |               | 486.9   |   |                  |   | 505.7   |  
|Goodwill                                                                                                                                |  |               | 1,518.3 |   |                  |   | 1,518.4 |  
|Intangibles, net                                                                                                                        |  |               | 922.1   |   |                  |   | 926.8   |  
|Other assets                                                                                                                            |  |               | 93.4    |   |                  |   | 84.7    |  
|                                                                                                                                        |  |               |         |   |                  |   |         |  
|Total assets                                                                                                                            |  | $             | 6,217.6 |   |                  | $ | 6,023.6 |  
|                                                                                                                                        |  |               |         |   |                  |   |         |  
|Liabilities                                                                                                                             |  |               |         |   |                  |   |         |  
|Short-term debt and current portion of long-term debt                                                                                   |  | $             | 401.4   |   |                  | $ | 520.3   |  
|Accounts payable                                                                                                                        |  |               | 456.4   |   |                  |   | 390.7   |  
|Accrued salaries, wages and employee benefits                                                                                           |  |               | 111.4   |   |                  |   | 162.3   |  
|Taxes on income                                                                                                                         |  |               | 20.5    |   |                  |   | 26.6    |  
|Other current liabilities                                                                                                               |  |               | 396.1   |   |                  |   | 384.6   |  
|                                                                                                                                        |  |               |         |   |                  |   |         |  
|Total current liabilities                                                                                                               |  |               | 1,385.8 |   |                  |   | 1,484.5 |  
|                                                                                                                                        |  |               |         |   |                  |   |         |  
|Long-term debt                                                                                                                          |  |               | 2,492.4 |   |                  |   | 2,145.9 |  
|Deferred taxes on income                                                                                                                |  |               | 302.0   |   |                  |   | 300.9   |  
|Other non-current liabilities                                                                                                           |  |               | 332.2   |   |                  |   | 325.5   |  
|                                                                                                                                        |  |               |         |   |                  |   |         |  
|Total liabilities                                                                                                                       |  |               | 4,512.4 |   |                  |   | 4,256.8 |  
|                                                                                                                                        |  |               |         |   |                  |   |         |  
|Commitments and contingencies (see Note 10)                                                                                             |  |               |        |   |                  |   |        |  
|Stockholders equity:                                                                                                                   |  |               |         |   |                  |   |         |  
|Preferred stock ($0.01 par value, 5.0 shares authorized, no shares issued at
March 31, 2010 and December 31, 2009)                      |  |               |        |   |                  |   |        |  
|Common stock ($0.01 par value, 150 shares authorized, 92.7 and 90.9 shares issued atMarch 31, 2010
and December 31, 2009, respectively) |  |               | 0.9     |   |                  |   | 0.9     |  
|Additional paid-in capital                                                                                                              |  |               | 1,469.8 |   |                  |   | 1,460.8 |  
|Retained earnings                                                                                                                       |  |               | 278.1   |   |                  |   | 344.7   |  
|Accumulated other comprehensive income (loss)                                                                                           |  |               | (27.9   | ) |                  |   | (20.9   | )
|Less: Treasury stock (0.5 and 0.7 shares, at cost, at March 31, 2009 andDecember 31, 2009,
respectively)                                |  |               | (15.7   | ) |                  |   | (18.7   | )
|                                                                                                                                        |  |               |         |   |                  |   |         |  
|Total stockholders equity                                                                                                              |  |               | 1,705.2 |   |                  |   | 1,766.8 |  
|                                                                                                                                        |  |               |         |   |                  |   |         |  
|Total liabilities and stockholders equity                                                                                              |  | $             | 6,217.6 |   |                  | $ | 6,023.6 |  
|                                                                                                                                        |  |               |         |   |                  |   |         |  

See accompanying notes to condensed consolidated financial statements.



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JARDEN CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(In millions)



|                                                                                     |  |                             |        |   |      |   |        |  
|------------------------------------------------------------------------------------ |  | --------------------------- | ------ | - | ---- | - | ------ | -
|                                                                                     |  | Three months endedMarch 31, |       
|                                                                                     |  | 2010                        |        |   | 2009 |  
|Cash flows from operating activities:                                                |  |                             |        |   |      |   |        |  
|Net income (loss)                                                                    |  | $                           | (59.0  | ) |      | $ | 8.9    |  
|Reconciliation of net income to net cash provided by (used in) operating activities: |  |                             |        |   |      |   |        |  
|Depreciation and amortization                                                        |  |                             | 30.9   |   |      |   | 30.4   |  
|Venezuela hyperinflationary and devaluation charges                                  |  |                             | 78.1   |   |      |   |       |  
|Other non-cash items                                                                 |  |                             | (17.6  | ) |      |   | 1.9    |  
|Changes in operating assets and liabilities, net of effects from acquisitions:       |  |                             |        |   |      |   |        |  
|Accounts receivable                                                                  |  |                             | (24.0  | ) |      |   | 4.1    |  
|Inventory                                                                            |  |                             | (106.1 | ) |      |   | 51.3   |  
|Accounts payable                                                                     |  |                             | 71.6   |   |      |   | (50.0  | )
|Other assets and liabilities                                                         |  |                             | (48.8  | ) |      |   | (45.2  | )
|                                                                                     |  |                             |        |   |      |   |        |  
|Net cash provided by (used in) operating activities                                  |  |                             | (74.9  | ) |      |   | 1.4    |  
|                                                                                     |  |                             |        |   |      |   |        |  
|Cash flows from financing activities:                                                |  |                             |        |   |      |   |        |  
|Net change in short-term debt                                                        |  |                             | 9.6    |   |      |   | (95.7  | )
|Proceeds from issuance of long-term debt                                             |  |                             | 486.1  |   |      |   |       |  
|Payments on long-term debt                                                           |  |                             | (252.7 | ) |      |   | (4.3   | )
|Proceeds from issuance of stock, net of transaction fees                             |  |                             | 4.4    |   |      |   |       |  
|Repurchase of common stock and shares tendered for taxes                             |  |                             | (7.1   | ) |      |   | (0.5   | )
|Dividends paid                                                                       |  |                             | (6.7   | ) |      |   |       |  
|Debt issuance costs                                                                  |  |                             | (12.6  | ) |      |   |       |  
|                                                                                     |  |                             |        |   |      |   |        |  
|Net cash provided by (used in) financing activities                                  |  |                             | 221.0  |   |      |   | (100.5 | )
|                                                                                     |  |                             |        |   |      |   |        |  
|Cash flows from investing activities:                                                |  |                             |        |   |      |   |        |  
|Additions to property, plant and equipment                                           |  |                             | (14.8  | ) |      |   | (21.1  | )
|Acquisition of businesses, net of cash acquired and earnout payments                 |  |                             | (4.5   | ) |      |   | (3.7   | )
|Other                                                                                |  |                             | 10.0   |   |      |   |       |  
|                                                                                     |  |                             |        |   |      |   |        |  
|Net cash used in investing activities                                                |  |                             | (9.3   | ) |      |   | (24.8  | )
|                                                                                     |  |                             |        |   |      |   |        |  
|Effect of exchange rate changes on cash and cash equivalents                         |  |                             | (13.2  | ) |      |   | (1.9   | )
|                                                                                     |  |                             |        |   |      |   |        |  
|Net increase (decrease) in cash and cash equivalents                                 |  |                             | 123.6  |   |      |   | (125.8 | )
|Cash and cash equivalents at beginning of period                                     |  |                             | 827.4  |   |      |   | 392.8  |  
|                                                                                     |  |                             |        |   |      |   |        |  
|Cash and cash equivalents at end of period                                           |  | $                           | 951.0  |   |      | $ | 267.0  |  
|                                                                                     |  |                             |        |   |      |   |        |  

See accompanying notes to condensed consolidated financial statements.



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JARDEN CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions, except per share data and unless otherwise indicated)

(Unaudited)

1. Basis
of Presentation and Significant Accounting Policies

Basis of Presentation

The accompanying unaudited condensed consolidated interim financial statements of Jarden Corporation and its subsidiaries (hereinafter referred to as the
Company or Jarden) have been prepared in accordance with generally accepted accounting principles in the United States of America (GAAP) for interim financial information and in accordance with the rules and
regulations of the United States Securities and Exchange Commission (SEC). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. These unaudited condensed consolidated
interim financial statements reflect all adjustments that are, in the opinion of management, normal and recurring and necessary for a fair presentation of the results for the interim period. The Condensed Consolidated Balance Sheet at
December 31, 2009 has been derived from the audited financial statements as of that date, but does not include all of the information and footnotes required by GAAP for complete financial statements. These unaudited condensed consolidated
interim financial statements should be read in conjunction with the consolidated financial statements and the related notes thereto included in the Companys latest Annual Report on Form 10-K for the fiscal year ended December 31,
2009.

Venezuela Operations

Effective January 1, 2010, the Companys subsidiaries operating in Venezuela are considered under GAAP to be operating in a highly inflationary
economy based on the use of the blended National Consumer Price Index (a blend of the National Consumer Price Index subsequent to January 1, 2008 and the Consumer Price Index for Caracas and Maracaibo prior to January 1, 2008), as the
Venezuela economy exceeded the three year cumulative inflation rate of 100%. The Companys financial statements of its subsidiaries operating in Venezuela are remeasured as if their functional currency were the U.S. dollar. As such, gains and
losses resulting from the remeasurement of monetary assets and liabilities are reflected in current earnings.

On January 8, 2010, the
Venezuelan government announced its intention to devalue its currency (Bolivar) relative to the U.S. dollar. The official exchange rate for imported goods classified as essential, such as food and medicine, changed from 2.15 to 2.60, while payments
for other non-essential goods moved to an official exchange rate of 4.30. As such, beginning in 2010, the financial statements of the Companys subsidiaries operating in Venezuela are remeasured at and are reflected in the Companys
consolidated financial statements at the official exchange rate of 4.30, which is the Companys expected settlement rate.

As a result of
the change in the official exchange rate to 4.30, the Company recorded a one-time, non-cash pre-tax loss of approximately $21.5 in the first quarter of 2010, primarily reflecting the write-down of monetary assets. This charge is classified in
selling, general and administrative expenses (SG&A).

In March 2010, the SEC provided temporary guidance on certain exchange
rate issues specific to Venezuela. This SEC guidance, in part, requires that any differences between the amounts reported for financial reporting purposes and actual U.S. dollar denominated balances that may have existed prior to the application of
the highly inflationary accounting requirements (effective January 1, 2010 for the Company) should be recognized in the income statement. As a result of applying this SEC guidance, the results of operations for the three months ended
March 31, 2010 include a one-time, non-cash charge of $56.6 related to remeasuring $32.0 of U.S. dollar denominated assets at the parallel exchange rate and subsequently translating at the official exchange rate. This charge is classified in
SG&A. At December 31, 2009, and prior to the application of the accounting guidance for operating in a highly inflationary economy, the $56.6 was deferred and recorded in other assets.

New Accounting Guidance

In
January 2010, the Financial Accounting Standards Board (the FASB) issued Accounting Standards Update (ASU) 2010-06, which requires companies to provide additional disclosures related to transfers in and out of Level 1 and
Level 2 and in the reconciliation of Level 3 fair value measurements. ASU 2010-06 is effective for interim and annual reporting periods beginning on or after December 15, 2009, except for the disclosures related to the reconciliation of Level 3
fair value measurements, which will be effective for fiscal years beginning on or after December 15, 2010, and for interim periods within those fiscal years. Since ASU 2010-06 requires only additional disclosures, the adoption of ASU
2010-06 did not affect the consolidated financial position, results of operations or cash flows of the Company.



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JARDEN CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions, except per share data and unless otherwise indicated)

(Unaudited)(Continued)



In October 2009, the FASB issued ASU 2009-13, which requires companies to allocate revenue in
multiple-element arrangements based on an elements estimated selling price if vendor-specific or other third-party evidence of value is not available. ASU 2009-13 is effective for fiscal years beginning on or after June 15, 2010, with
earlier application permitted. The Company does not expect the provisions of ASU 2009-13 to have a material effect on the consolidated financial position, results of operations or cash flows of the Company.

Adoption of New Accounting Guidance

In June 2009, the FASB issued authoritative accounting guidance (Guidance) that in part, amends derecognition guidance for transfers of
financial assets, eliminates the exemption from consolidation for qualifying special-purpose entities and requires additional disclosures. This Guidance is effective for financial asset transfers occurring after the beginning of an entitys
first fiscal year that begins after November 15, 2009 and is effective for the Company beginning in 2010. The adoption of the provisions of this Guidance did not have a material effect on the consolidated financial position, results of
operations or cash flows of the Company.

In June 2009, the FASB issued Guidance that amends the consolidation guidance applicable to variable
interest entities. The provisions of this Guidance require entities to perform an analysis to determine whether the enterprises variable interest or interests give it a controlling financial interest in a variable interest entity. The Guidance
also requires an enterprise to assess on an ongoing basis to determine whether it is a primary beneficiary or has an implicit responsibility to ensure that a variable interest entity operates as designed. This Guidance is effective as of the
beginning of the first fiscal year that begins after November 15, 2009 and is effective for the Company beginning in 2010. In January 2010, the FASB indefinitely deferred certain consolidation provisions of this Guidance. The adoption of the
provisions of this Guidance did not have a material effect on the consolidated financial position, results of operations or cash flows of the Company.

2. Acquisitions

On
April 1, 2010, the Company acquired the Mapa Spontex Baby Care and Home Care businesses (Mapa Spontex) of Total S.A. (Total), through the acquisition of certain of Totals subsidiaries for a Euro purchase price of
approximately 217 (approximately $295), subject to certain adjustments (the Acquisition). The total value of the transaction, including debt assumed and or repaid, was approximately 332 (approximately $451 as of the closing
date). Mapa Spontex is a global manufacturer and distributor of primarily baby care and home care products with leading market positions in Argentina, Brazil and Europe in the core categories it serves. Its baby care portfolio includes feeding
bottles, soothers, teats and other infant accessories sold primarily under the Fiona®, First
Essentials®,
Lillo®,
NUK® and
Tigex® brands; and health care products, including condoms sold under the Billy
Boy® brand. Its home care portfolio includes sponges, rubber gloves and related cleaning products for retail,
professional and industrial uses sold primarily under the Mapa® and
Spontex® brands. The Acquisition is expected to expand the Companys product offerings and distribution
channels into new, attractive categories and further diversify revenue streams and increase the Companys international presence. The Acquisition is consistent with the Companys strategy of purchasing leading, niche consumer-oriented
brands with attractive cash flows and strong management. Mapa Spontex will be reported in the Companys Branded Consumables segment and will be included in the Companys results of operations from April 1, 2010. For the three months
ended March 31, 2010, SG&A includes $18.7 in transaction costs related to the Acquisition.

3. Inventories

Inventories are comprised of the following at March 31, 2010 and December 31, 2009:



|                           |  |               |         |                   |   |      
|-------------------------- |  | ------------- | ------- | ----------------- | - | -----
|(in millions)              |  | March 31,2010 |         | December 
31,2009
|Raw materials and supplies |  | $             | 201.8   |                   | $ | 190.5
|Work in process            |  |               | 59.8    |                   |   | 64.6 
|Finished goods             |  |               | 805.2   |                   |   | 719.0
|                           |  |               |         |                   |   |      
|Total inventories          |  | $             | 1,066.8 |                   | $ | 974.1
|                           |  |               |         |                   |   |      



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JARDEN CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions, except per share data and unless otherwise indicated)

(Unaudited)(Continued)



4. Property, Plant and Equipment

Property, plant and equipment, net, consist of the following at March 31, 2010 and December 31, 2009:



|                                         |  |               |         |   |                  |   |         |  
|---------------------------------------- |  | ------------- | ------- | - | ---------------- | - | ------- | -
|(in millions)                            |  | March 31,2010 |         |   | December 31,2009 |  
|Land                                     |  | $             | 32.7    |   |                  | $ | 37.6    |  
|Buildings                                |  |               | 229.7   |   |                  |   | 226.5   |  
|Machinery and equipment                  |  |               | 785.1   |   |                  |   | 780.5   |  
|                                         |  |               |         |   |                  |   |         |  
|                                         |  |               | 1,047.5 |   |                  |   | 1,044.6 |  
|Less: Accumulated depreciation           |  |               | (560.6  | ) |                  |   | (538.9  | )
|                                         |  |               |         |   |                  |   |         |  
|Total property, plant and equipment, net |  | $             | 486.9   |   |                  | $ | 505.7   |  
|                                         |  |               |         |   |                  |   |         |  

Depreciation of property, plant and equipment was $26.5 for both the three months ended March 31, 2010 and 2009.

5. Goodwill and Intangibles

Goodwill activity for the three months ended March 31, 2010 is as follows:



|                    |  |                                     |         |           |   |                               |  |                                      |   |  |                     |      |                              |  |   |               |  |   |        |   |  |   |        
|------------------- |  | ----------------------------------- | ------- | --------- | - | ----------------------------- |  | ------------------------------------ | - |  | ------------------- | ---- | ---------------------------- |  | - | ------------- |  | - | ------ | - |  | - | -------
|                    |  |                                     |         |           |   |                               |  |                                      |   |  | March 31, 2010     
|(in millions)       |  | Net Book Value 
atDecember 31, 2009 |         | Additions |   | PurchaseAccountingAdjustments |  | Foreign Exchangeand OtherAdjustments |   |  | GrossCarryingAmount |      | AccumulatedImpairmentCharges |  |   | Net BookValue
|Goodwill            |  |                                     |         |           |   |                               |  |                                      |   |  |                     |      |                              |  |   |               |  |   |        |   |  |   |        
|Outdoor Solutions   |  | $                                   | 660.6   |           | $ |                              |  | $                                    |  |  | $                   |     |                              |  | $ | 679.1         |  | $ | (18.5  | ) |  | $ | 660.6  
|Consumer Solutions  |  |                                     | 491.5   |           |   |                              |  |                                      |  |  |                     | 0.4  |                              |  |   | 491.9         |  |   |       |   |  |   | 491.9  
|Branded Consumables |  |                                     | 344.8   |           |   |                              |  |                                      |  |  |                     | (0.5 | )                            |  |   | 510.9         |  |   | (166.6 | ) |  |   | 344.3  
|Process Solutions   |  |                                     | 21.5    |           |   |                              |  |                                      |  |  |                     |     |                              |  |   | 21.5          |  |   |       |   |  |   | 21.5   
|                    |  |                                     |         |           |   |                               |  |                                      |   |  |                     |      |                              |  |   |               |  |   |        |   |  |   |        
|                    |  | $                                   | 1,518.4 |           | $ |                              |  | $                                    |  |  | $                   | (0.1 | )                            |  | $ | 1,703.4       |  | $ | (185.1 | ) |  | $ | 1,518.3
|                    |  |                                     |         |           |   |                               |  |                                      |   |  |                     |      |                              |  |   |               |  |   |        |   |  |   |        

Intangibles activity for the three months ended March 31, 2010 is
as follows:



|                                                |  |                                          |       |           |   |                                            |  |   |                               |   |                            |   |       |  |           
|----------------------------------------------- |  | ---------------------------------------- | ----- | --------- | - | ------------------------------------------ |  | - | ----------------------------- | - | -------------------------- | - | ----- |  | ----------
|(in millions)                                   |  | Gross CarryingAmount atDecember 31, 2009 |       | Additions |   | AccumulatedAmortizationand ForeignExchange |  |   | Net BookValue atMarch 31,2010 |   | AmortizationPeriods(years)
|Intangibles                                     |  |                                          |       |           |   |                                            |  |   |                               |   |                            |   |       |  |           
|Patents                                         |  | $                                        | 7.2   |           | $ |                                           |  | $ | (1.3                          | ) |                            | $ | 5.9   |  | 12-30     
|Non-compete agreements                          |  |                                          | 3.7   |           |   |                                           |  |   | (3.2                          | ) |                            |   | 0.5   |  | 1-5       
|Manufacturing process and expertise             |  |                                          | 30.9  |           |   |                                           |  |   | (24.0                         | ) |                            |   | 6.9   |  | 3-7       
|Brand names                                     |  |                                          | 3.2   |           |   |                                           |  |   | (0.9                          | ) |                            |   | 2.3   |  | 4-10      
|Customer relationships and distributor channels |  |                                          | 151.7 |           |   |                                           |  |   | (25.6                         | ) |                            |   | 126.1 |  | 10-35     
|Trademarks and tradenames                       |  |                                          | 781.0 |           |   |                                           |  |   | (0.6                          | ) |                            |   | 780.4 |  | indefinite
|                                                |  |                                          |       |           |   |                                            |  |   |                               |   |                            |   |       |  |           
|                                                |  | $                                        | 977.7 |           | $ |                                           |  | $ | (55.6                         | ) |                            | $ | 922.1 |  |           
|                                                |  |                                          |       |           |   |                                            |  |   |                               |   |                            |   |       |  |           

Amortization of intangibles for the three months ended March 31, 2010 and 2009 was $4.4 and $3.9,
respectively.

6. Warranty Reserve

The warranty reserve activity for the three months ended March 31, 2010 is as follows:



|                                      |  |      |       |  
|------------------------------------- |  | ---- | ----- | -
|(in millions)                         |  | 2010 |      
|Warranty reserve at January 1,        |  | $    | 85.5  |  
|Acquisitions and other adjustments    |  |      | (1.0  | )
|Provisions for warranties issued, net |  |      | 26.7  |  
|Warranty claims paid                  |  |      | (33.1 | )
|                                      |  |      |       |  
|Warranty reserve at March 31,         |  | $    | 78.1  |  
|                                      |  |      |       |  



8



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##### Table of Contents

JARDEN CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions, except per share data and unless otherwise indicated)

(Unaudited)(Continued)



7. Debt

Debt is comprised of the following at March 31, 2010 and December 31, 2009:



|                                         |  |               |         |   |                  |   |         |  
|---------------------------------------- |  | ------------- | ------- | - | ---------------- | - | ------- | -
|(in millions)                            |  | March 31,2010 |         |   | December 31,2009 |  
|Senior Credit Facility Term Loans        |  | $             | 1,067.9 |   |                  | $ | 1,320.7 |  
|8% Senior Notes due 2016                 |  |               | 293.0   |   |                  |   | 292.7   |  
|71/2% Senior Subordinated Notes due 2017 |  |               | 650.0   |   |                  |   | 650.0   |  
|71/2% Senior Subordinated Notes due 2020 |  |               | 470.2   |   |                  |   |        |  
|Securitization Facility due 2010         |  |               | 250.0   |   |                  |   | 250.0   |  
|Revolving Credit Facility                |  |               |        |   |                  |   |        |  
|2% Subordinated Note due 2012            |  |               | 97.5    |   |                  |   | 97.2    |  
|Non-U.S. borrowings                      |  |               | 52.5    |   |                  |   | 42.8    |  
|Other                                    |  |               | 12.7    |   |                  |   | 12.8    |  
|                                         |  |               |         |   |                  |   |         |  
|Total debt (1)                           |  |               | 2,893.8 |   |                  |   | 2,666.2 |  
|                                         |  |               |         |   |                  |   |         |  
|Less: current portion                    |  |               | (401.4  | ) |                  |   | (520.3  | )
|                                         |  |               |         |   |                  |   |         |  
|Total long-term debt                     |  | $             | 2,492.4 |   |                  | $ | 2,145.9 |  
|                                         |  |               |         |   |                  |   |         |  



|(1) | At March 31, 2010 and December 31, 2009, the carrying value of total debt approximates fair market value.
|--- | ---------------------------------------------------------------------------------------------------------

In January 2010, the Company completed a registered public offering for $492 aggregate principal amount of
71/2% senior subordinated notes due 2020 and
received approximately $476 in net proceeds. The offering consisted of two tranches: a U.S. dollar tranche with aggregate principal amount of $275 and a Euro tranche with aggregate principal amount of 150 or approximately $217. The Company
used the net proceeds to repay $250 of the Facility term loans, with the balance used for general corporate purposes. Beginning in January 2015, the Company may redeem all or part of the senior subordinated notes due 2020 at specified redemption
prices ranging from 100% to 103.75% of the principal amount, plus accrued and unpaid interest to the date of redemption. These notes are subject to similar restrictive and financial covenants as the Companys existing senior notes and senior
subordinated notes.

8. Derivative Financial Instruments

Interest Rate Contracts

The
Company manages its fixed and floating rate debt mix using interest rate swaps. The Company uses fixed and floating rate swaps to alter its exposure to the impact of changing interest rates on its consolidated results of operations and future cash
outflows for interest. Floating rate swaps are used, depending on market conditions, to convert the fixed rates of long-term debt into short-term variable rates. Fixed rate swaps are used to reduce the Companys risk of the possibility of
increased interest costs. Interest rate swap contracts are therefore used by the Company to separate interest rate risk management from the debt funding decision.

Fair Values Hedges

At
March 31, 2010, the Company had $625 of notional amount outstanding in swap agreements that exchange a fixed rate of interest for a variable interest rate (LIBOR) plus an approximate 378 basis point spread. These floating rate swaps, which
mature in 2017, are not designated as effective hedges for accounting purposes and the fair market value gains or losses are included in the results of operations and are classified in SG&A.

Cash Flow Hedges

At
March 31, 2010, the Company had $650 of notional amount outstanding in swap agreements that exchange variable interest rates (LIBOR) for fixed interest rates over the terms of the agreements and are designated as cash flow hedges of the
interest rate risk attributable to forecasted variable interest payments and have maturity dates through December 2011. At March 31, 2010, the weighted average fixed rate of interest on these swaps was 3.3%. The effective portion of the after
tax fair value gains or losses on these swaps is included as a component of accumulated other comprehensive income (loss) (AOCI).

At March 31, 2010, the Company had outstanding a $40 notional amount swap agreement that exchanges a variable interest rate (LIBOR) for a fixed rate
of interest over the term of the agreement that is not designated as an effective hedge for accounting purposes and the fair market value gains or losses are included in the results of operations and are classified in SG&A. This swap, which
matures June 30, 2010, was assumed in a prior year acquisition.



9



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JARDEN CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions, except per share data and unless otherwise indicated)

(Unaudited)(Continued)



Cross-Currency Contracts

The Company uses cross-currency swaps to hedge foreign currency risk on certain U.S. dollar-based debt of foreign subsidiaries. At March 31, 2010,
the Company had a $22.6 notional amount cross-currency swap outstanding that exchanges Canadian dollars for U.S. dollars. This swap exchanges the variable interest rate bases of the U.S. dollar balance (3-month U.S. LIBOR plus a spread of 175 basis
points) and the equivalent Canadian dollar balance (3-month CAD BA plus a spread of 192 basis points). This swap is designated as fair value hedge on a U.S. dollar-based term loan of a Canadian subsidiary. Changes in the fair market value of this
cross-currency swap are recorded as an offset to the corresponding long-term debt.

Forward Foreign Currency Contracts

The Company uses forward foreign currency contracts (foreign currency contracts) to mitigate the foreign currency exchange
rate exposure on the cash flows related to forecasted inventory purchases and sales and have maturity dates through December 2011. The derivatives used to hedge these forecasted transactions that meet the criteria for hedge accounting are accounted
for as cash flow hedges. The effective portion of the gains or losses on these derivatives is deferred as a component of AOCI and is recognized in earnings at the same time that the hedged item affects earnings and is included in the same caption in
the statements of income as the underlying hedged item. At March 31, 2010, the Company had approximately $341 notional amount of foreign currency contracts outstanding that are designated as cash flow hedges of forecasted inventory purchases
and sales.

In January 2010, the Company entered into foreign currency contracts to purchase 125 as a hedge against the Euro purchase
price of the Acquisition (see Note 2). These foreign currency contracts, which matured on April 1, 2010, were not designated as effective hedges for accounting purposes and an $8.5 fair market value loss was recognized during the three months
ended March 31, 2010 and included in the results of operations.

Aside from the foreign currency contracts entered into as a hedge
against the Euro purchase price of the Acquisition, at March 31, 2010, the Company had outstanding approximately $62.2 notional amount of foreign currency contracts that are not designated as effective hedges for accounting purposes and have
maturity dates through August 2011. Fair market value gains or losses are included in the results of operations and are classified in SG&A.

Commodity Contracts

The Company
enters into commodity-based derivatives in order to mitigate the impact that the rising price of these commodities has on the cost of certain of the Companys raw materials. These derivatives provide the Company with maximum cost certainty, and
in certain instances allow the Company to benefit should the cost of the commodity fall below certain dollar levels. At March 31, 2010, the Company had outstanding approximately $28.3 notional amount of commodity-based derivatives that are not
designated as effective hedges for accounting purposes and have maturity dates through December 2010. Fair market value gains or losses are included in the results of operations and are classified in SG&A.



10



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##### Table of Contents

JARDEN CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions, except per share data and unless otherwise indicated)

(Unaudited)(Continued)



The following table presents the fair value of derivative financial instruments as of March 31,
2010 and December 31, 2009:



|                                                                                    |  |                           |      |                           |   |           |  |               |     |  |   |     
|----------------------------------------------------------------------------------- |  | ------------------------- | ---- | ------------------------- | - | --------- |  | ------------- | --- |  | - | ----
|                                                                                    |  | March 31, 2010            |      | December 31, 2009        
|                                                                                    |  | Fair Value of Derivatives |      | Fair Value of Derivatives
|(in millions)                                                                       |  | Asset (a)                 |      | Liability (a)             |   | Asset (a) |  | Liability (a)
|Derivatives designated as effective hedges:                                         |  |                           |      |                           |   |           |  |               |     |  |   |     
|Cash flow hedges:                                                                   |  |                           |      |                           |   |           |  |               |     |  |   |     
|Interest rate swaps                                                                 |  | $                         |     |                           | $ | 13.5      |  | $             |    |  | $ | 15.2
|Foreign currency contracts                                                          |  |                           | 6.8  |                           |   | 9.2       |  |               | 3.7 |  |   | 10.4
|Fair value hedges:                                                                  |  |                           |      |                           |   |           |  |               |     |  |   |     
|Cross-currency swaps                                                                |  |                           |     |                           |   | 3.3       |  |               |    |  |   | 2.8 
|                                                                                    |  |                           |      |                           |   |           |  |               |     |  |   |     
|Subtotal                                                                            |  |                           | 6.8  |                           |   | 26.0      |  |               | 3.7 |  |   | 28.4
|                                                                                    |  |                           |      |                           |   |           |  |               |     |  |   |     
|Derivatives not designated as effective hedges:                                     |  |                           |      |                           |   |           |  |               |     |  |   |     
|Interest rate swaps  cash flow hedges                                              |  |                           |     |                           |   | 0.5       |  |               |    |  |   | 0.9 
|Interest rate swaps  fair value hedges                                             |  |                           |     |                           |   | 13.1      |  |               |    |  |   | 15.5
|Foreign currency contracts                                                          |  |                           | 2.6  |                           |   | 10.5      |  |               | 0.8 |  |   | 1.0 
|Commodity contracts                                                                 |  |                           | 3.1  |                           |   | 0.1       |  |               | 1.3 |  |   |    
|                                                                                    |  |                           |      |                           |   |           |  |               |     |  |   |     
|Subtotal                                                                            |  |                           | 5.7  |                           |   | 24.2      |  |               | 2.1 |  |   | 17.4
|                                                                                    |  |                           |      |                           |   |           |  |               |     |  |   |     
|Total                                                                               |  | $                         | 12.5 |                           | $ | 50.2      |  | $             | 5.8 |  | $ | 45.8
|                                                                                    |  |                           |      |                           |   |           |  |               |     |  |   |     
|                                                                                   
|(a)    Consolidated balance sheet location:                                        
|Asset:         Other non-current assets
Liability:    Other non-current liabilities

The following table presents gain and loss activity (on a pretax basis) for the three months ended March 31, 2010 and 2009 related to derivative
financial instruments designated as effective hedges:



|                                                                   |  |                                         |     |                                |                                   |      |                         |  |   |                                         |   |                                |   |                         |  |   |     |  |   |    
|------------------------------------------------------------------ |  | --------------------------------------- | --- | ------------------------------ | --------------------------------- | ---- | ----------------------- |  | - | --------------------------------------- | - | ------------------------------ | - | ----------------------- |  | - | --- |  | - | ---
|                                                                   |  | Three Months Ended March 31, 2010       |     |                                | Three Months Ended March 31, 2009
|                                                                   |  | Gain/(Loss)                             |     |                                | Gain/(Loss)                      
|(in millions)                                                      |  | Recognizedin OCI (a)(effective portion) |     | Reclassifiedfrom AOCIto Income |                                   |      | Recognizedin Income (b) |  |   | Recognizedin OCI (a)(effective portion) |   | Reclassifiedfrom AOCIto Income |   | Recognizedin Income (b)
|Derivatives designated as effective hedges:                        |  |                                         |     |                                |                                   |      |                         |  |   |                                         |   |                                |   |                         |  |   |     |  |   |    
|Cash flow hedges:                                                  |  |                                         |     |                                |                                   |      |                         |  |   |                                         |   |                                |   |                         |  |   |     |  |   |    
|Interest rate swaps                                                |  | $                                       | 1.7 |                                | $                                 | 1.0  |                         |  | $ |                                        |   |                                | $ | 4.4                     |  | $ | 1.6 |  | $ |   
|Foreign currency contracts                                         |  |                                         | 1.6 |                                |                                   | (3.3 | )                       |  |   | (0.7                                    | ) |                                |   | 6.6                     |  |   | 7.4 |  |   | 0.3
|                                                                   |  |                                         |     |                                |                                   |      |                         |  |   |                                         |   |                                |   |                         |  |   |     |  |   |    
|Total                                                              |  | $                                       | 3.3 |                                | $                                 | (2.3 | )                       |  | $ | (0.7                                    | ) |                                | $ | 11.0                    |  | $ | 9.0 |  | $ | 0.3
|                                                                   |  |                                         |     |                                |                                   |      |                         |  |   |                                         |   |                                |   |                         |  |   |     |  |   |    
|Location of gain/(loss) in the consolidated results of operations: |  |                                         |     |                                |                                   |      |                         |  |   |                                         |   |                                |   |                         |  |   |     |  |   |    
|Sales                                                              |  |                                         |     |                                | $                                 | 0.4  |                         |  | $ |                                        |   |                                |   |                         |  | $ | 0.1 |  | $ |   
|Cost of Sales                                                      |  |                                         |     |                                |                                   | (3.7 | )                       |  |   |                                        |   |                                |   |                         |  |   | 7.3 |  |   |   
|SG&A                                                               |  |                                         |     |                                |                                   |     |                         |  |   | (0.7                                    | ) |                                |   |                         |  |   |    |  |   | 0.3
|Interest expense                                                   |  |                                         |     |                                |                                   | 1.0  |                         |  |   |                                        |   |                                |   |                         |  |   | 1.6 |  |   |   
|                                                                   |  |                                         |     |                                |                                   |      |                         |  |   |                                         |   |                                |   |                         |  |   |     |  |   |    
|Total                                                              |  |                                         |     |                                | $                                 | (2.3 | )                       |  | $ | (0.7                                    | ) |                                |   |                         |  | $ | 9.0 |  | $ | 0.3
|                                                                   |  |                                         |     |                                |                                   |      |                         |  |   |                                         |   |                                |   |                         |  |   |     |  |   |    



|(a) | Represents effective portion recognized in Other Comprehensive Income (OCI).
|--- | ------------------------------------------------------------------------------

|(b) | Represents portion excluded from effectiveness testing.
|--- | -------------------------------------------------------



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JARDEN CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions, except per share data and unless otherwise indicated)

(Unaudited)(Continued)



The following table presents gain and loss activity (on a pretax basis) for the three months ended
March 31, 2010 and 2009 related to derivative financial instruments not designated as effective hedges:



|                                                |  |                                      |      |   |      |   |    
|----------------------------------------------- |  | ------------------------------------ | ---- | - | ---- | - | ---
|                                                |  | Gain/(Loss) Recognized in Income (a)
|                                                |  | Three Months EndedMarch 31,         
|(in millions)                                   |  | 2010                                 |      |   | 2009
|Derivatives not designated as effective hedges: |  |                                      |      |   |      |   |    
|Cash flow hedges:                               |  |                                      |      |   |      |   |    
|Interest rate swaps                             |  | $                                    | 0.4  |   |      | $ | 0.3
|Foreign currency contracts                      |  |                                      | (7.5 | ) |      |   | 1.6
|Commodity contracts                             |  |                                      | 1.7  |   |      |   | 2.0
|Fair value hedges:                              |  |                                      |      |   |      |   |    
|Interest rate swaps                             |  |                                      | 2.4  |   |      |   |    
|                                                |  |                                      |      |   |      |   |    
|Total                                           |  | $                                    | (3.0 | ) |      | $ | 3.9
|                                                |  |                                      |      |   |      |   |    



|(a) | Classified in SG&A.
|--- | -------------------

9. Fair Value
Measurements

GAAP defines three levels of inputs that may be used to measure fair value and requires that the assets or liabilities
carried at fair value be disclosed by the input level under which they were valued. The input levels are defined as follows:



| |  |          |  |                                                                                                                                                                                                                                                                                                           
| |  | -------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Level 1: |  | Quoted market prices in active markets for identical assets and liabilities.                                                                                                                                                                                                                              
| |  |         
| |  | Level 2: |  | Observable inputs other than defined in Level 1, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are
observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
| |  |         
| |  | Level 3: |  | Unobservable inputs that are not corroborated by observable market data.                                                                                                                                                                                                                                  

The following tables summarize assets and liabilities that are measured at fair value on a recurring basis at March 31, 2010 and December 31,
2009:



|                              |  |                              |      |         |   |       |       |  |   |       |  
|----------------------------- |  | ---------------------------- | ---- | ------- | - | ----- | ----- |  | - | ----- | -
|                              |  | March 31, 2010               |     
|                              |  | Fair Value Asset (Liability) |     
|(in millions)                 |  | Level 1                      |      | Level 2 |   |       | Total | 
|Derivatives:                  |  |                              |      |         |   |       |       |  |   |       |  
|Assets                        |  | $                            |     |         | $ | 3.2   |       |  | $ | 3.2   |  
|Liabilities                   |  |                              |     |         |   | (40.9 | )     |  |   | (40.9 | )
|Available for sale securities |  |                              | 7.9  |         |   |      |       |  |   | 7.9   |  
|                              | 
|                              |  | December 31, 2009            |     
|                              |  | Fair Value Asset (Liability) |     
|(in millions)                 |  | Level 1                      |      | Level 2 |   |       | Total | 
|Derivatives:                  |  |                              |      |         |   |       |       |  |   |       |  
|Assets                        |  | $                            |     |         | $ | 0.1   |       |  | $ | 0.1   |  
|Liabilities                   |  |                              |     |         |   | (40.1 | )     |  |   | (40.1 | )
|Available for sale securities |  |                              | 18.9 |         |   |      |       |  |   | 18.9  |  

Derivative assets and liabilities
relate to interest rate swaps, foreign currency contracts and commodity contracts. Fair values are determined by the Company using market prices obtained from independent brokers or determined using valuation models that use as their basis readily
observable market data that is actively quoted and can be validated through external sources, including independent pricing services, brokers and market transactions. Available-for-sale securities are valued based on quoted market prices in actively
traded markets.



12



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JARDEN CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions, except per share data and unless otherwise indicated)

(Unaudited)(Continued)



10. Contingencies

The Company is involved in various legal disputes and other legal proceedings that arise from time to time in the ordinary course of business. In
addition, the Company or certain of its subsidiaries have been identified by the United States Environmental Protection Agency (EPA) or a state environmental agency as a Potentially Responsible Party (PRP) pursuant to the
federal Superfund Act and/or state Superfund laws comparable to the federal law at various sites. Based on currently available information, the Company does not believe that the disposition of any of the legal or environmental disputes the Company
or its subsidiaries are currently involved in will have a material adverse effect upon the Companys consolidated financial condition, results of operations or cash flows. It is possible that, as additional information becomes available, the
impact on the Company of an adverse determination could have a different effect.

Environmental

The Companys operations are subject to certain federal, state, local and foreign environmental laws and regulations in addition to laws and
regulations regarding labeling and packaging of products and the sales of products containing certain environmentally sensitive materials.

In
addition to ongoing environmental compliance at its operations, the Company also is actively engaged in environmental remediation activities, the majority of which relate to divested operations and sites. Various of the Companys subsidiaries
have been identified by the EPA or a state environmental agency as a PRP pursuant to the federal Superfund Act and/or state Superfund laws comparable to the federal law at various sites (collectively, the Environmental Sites). The
Company has established reserves to cover the anticipated probable costs of investigation and remediation, based upon periodic reviews of all sites for which they have, or may have, remediation responsibility. The Company accrues environmental
investigation and remediation costs when it is probable that a liability has been incurred, the amount of the liability can be reasonably estimated and their responsibility for the liability is established. Generally, the timing of these accruals
coincides with the earlier of formal commitment to an investigation plan, completion of a feasibility study or a commitment to a formal plan of action. The Company accrues its best estimate of investigation and remediation costs based upon facts
known at such dates, and because of the inherent difficulties in estimating the ultimate amount of environmental costs, which are further described below, these estimates may materially change in the future as a result of the uncertainties described
below. Estimated costs, which are based upon experience with similar sites and technical evaluations, are judgmental in nature and are recorded at discounted amounts without considering the impact of inflation and are adjusted periodically to
reflect changes in applicable laws or regulations, changes in available technologies and receipt by the Company of new information. It is difficult to estimate the ultimate level of future environmental expenditures due to a number of uncertainties
surrounding environmental liabilities. These uncertainties include the applicability of laws and regulations, changes in environmental remediation requirements, the enactment of additional regulations, uncertainties surrounding remediation
procedures including the development of new technology, the identification of new sites for which various of the Companys subsidiaries could be a PRP, information relating to the exact nature and extent of the contamination at each
Environmental Site and the extent of required cleanup efforts, the uncertainties with respect to the ultimate outcome of issues which may be actively contested and the varying costs of alternative remediation strategies.

Due to the uncertainty described above, the Companys ultimate future liability with respect to sites at which remediation has not been completed
may vary from the amounts reserved as of March 31, 2010.

The Company believes that the costs of completing environmental remediation of
all sites for which the Company has a remediation responsibility have been adequately reserved and that the ultimate resolution of these matters will not have a material adverse effect on the consolidated financial position, results of operations or
cash flows of the Company.

Litigation

The Company and/or its subsidiaries are involved in various lawsuits arising from time to time that the Company considers ordinary routine litigation
incidental to its business. Amounts accrued for litigation matters represent the anticipated costs (damages and/or settlement amounts) in connection with pending litigation and claims and related anticipated legal fees for defending such actions.
The costs are accrued when it is both probable that a liability has been incurred and the amount can be reasonably estimated. The accruals are based upon the Companys assessment, after consultation with counsel (if deemed appropriate), of
probable loss based on the facts and circumstances of each case, the legal issues involved, the nature of the claim made, the nature of the damages sought and any relevant information about the plaintiffs and other significant factors that vary by
case. When it is not possible to estimate a specific expected cost to be incurred, the Company evaluates the range of probable loss and records the minimum end of the range. The Company believes that anticipated probable costs of litigation matters
have been adequately reserved to the extent determinable. Based on current information, the Company believes that the ultimate conclusion of the various pending litigation of the Company, in the aggregate, will not have a material adverse effect on
the consolidated financial position, results of operations or cash flows of the Company.



13



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##### Table of Contents

JARDEN CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions, except per share data and unless otherwise indicated)

(Unaudited)(Continued)



Product Liability

As a consumer goods manufacturer and distributor, the Company and/or its subsidiaries face the risk of product liability and related lawsuits involving
claims for substantial money damages, product recall actions and higher than anticipated rates of warranty returns or other returns of goods.

The Company and/or its subsidiaries are therefore party to various personal injury and property damage lawsuits relating to their products and incidental
to its business. Annually, the Company sets its product liability insurance program which is an occurrence-based program based on the Company and its subsidiaries current and historical claims experience and the availability and cost of
insurance. The Companys product liability insurance program generally includes a self-insurance retention per occurrence.

Cumulative
amounts estimated to be payable by the Company with respect to pending and potential claims for all years in which the Company is liable under its self-insurance retention have been accrued as liabilities. Such accrued liabilities are based on
estimates (which include actuarial determinations made by an independent actuarial consultant as to liability exposure, taking into account prior experience, number of claims and other relevant factors); thus, the Companys ultimate liability
may exceed or be less than the amounts accrued. The methods of making such estimates and establishing the resulting liability are reviewed on a regular basis and any adjustments resulting therefrom are reflected in current operating results.

Based on current information, the Company believes that the ultimate conclusion of the various pending product liability claims and lawsuits
of the Company, in the aggregate, will not have a material adverse effect on the consolidated financial position, results of operations or cash flows of the Company.

11. Stockholders Equity

In March
2010, the Companys Board of Directors Board (the Board) authorized a $50 increase in the Companys existing stock repurchase program to allow the Company to repurchase an aggregate of up to $150 its common stock, of which
approximately $52 had been utilized at the time of this increase.

In March 2010, the Board declared a quarterly cash dividend of $0.0825 per
share of the Companys common stock or approximately $7.4 payable on April 30, 2010 to stockholders of record as of the close of business on April 1, 2010.

12. Earnings Per Share

The computations
of the weighted average shares outstanding for the three months ended March 31, 2010 and 2009 are as follows:



|                                     |  |                              |  |     
|------------------------------------ |  | ---------------------------- |  | ----
|                                     |  | Three months endedMarch 
31,
|(in millions)                        |  | 2010                         |  | 2009
|Weighted average shares outstanding: |  |                              |  |     
|Basic                                |  | 89.3                         |  | 75.3
|Dilutive share-based awards (1)      |  |                             |  | 0.6 
|                                     |  |                              |  |     
|Diluted                              |  | 89.3                         |  | 75.9
|                                     |  |                              |  |     



|(1) | The three months ended March 31, 2010 excludes 0.8 million potentially dilutive share-based awards as their effect would be anti-dilutive.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------

Stock options and warrants to purchase 2.2 million and 4.1 million shares of the Companys common stock at
March 31, 2010 and 2009, respectively, had exercise prices that exceeded the average market price of the Companys common stock for the three months ended March 31, 2010 and 2009, respectively. As such, these share-based awards did
not affect the computation of diluted earnings per share.



14



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JARDEN CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions, except per share data and unless otherwise indicated)

(Unaudited)(Continued)



13. Comprehensive Income

The components of comprehensive income (loss) for the three months ended March 31, 2010 and 2009 are as follows:



|                                     |  |                             |       |   |      |   |       |  
|------------------------------------ |  | --------------------------- | ----- | - | ---- | - | ----- | -
|                                     |  | Three months endedMarch 31, |      
|(in millions)                        |  | 2010                        |       |   | 2009 |  
|Net income (loss)                    |  | $                           | (59.0 | ) |      | $ | 8.9   |  
|Derivative financial instruments     |  |                             | 3.8   |   |      |   | 1.0   |  
|Unrealized gain (loss) on investment |  |                             | (0.3  | ) |      |   | 0.2   |  
|Cumulative translation adjustment    |  |                             | (10.7 | ) |      |   | (19.1 | )
|Accrued benefit cost                 |  |                             | 0.2   |   |      |   | 0.6   |  
|                                     |  |                             |       |   |      |   |       |  
|Comprehensive income (loss)          |  | $                           | (66.0 | ) |      | $ | (8.4  | )
|                                     |  |                             |       |   |      |   |       |  

14. Employee Benefit Plans

The components of pension and postretirement benefit expense for the three months ended March 31, 2010 and 2009 are as follows:



|                               |  |                              |      |   |         |   |      |       |  |   |          |   |  |         |      |   |       |   |      |   |  |   |      |  
|------------------------------ |  | ---------------------------- | ---- | - | ------- | - | ---- | ----- |  | - | -------- | - |  | ------- | ---- | - | ----- | - | ---- | - |  | - | ---- | -
|                               |  | Pension Benefits             |     
|                               |  | Three months ended March 31, |     
|                               |  | 2010                         |      |   | 2009    |  
|(in millions)                  |  | Domestic                     |      |   | Foreign |   |      | Total |  |   | Domestic |   |  | Foreign |      |   | Total |  
|Service cost                   |  | $                            |     |   |         | $ | 0.3  |       |  | $ | 0.3      |   |  | $       |     |   |       | $ | 0.2  |   |  | $ | 0.2  |  
|Interest cost                  |  |                              | 4.4  |   |         |   | 0.4  |       |  |   | 4.8      |   |  |         | 4.6  |   |       |   | 0.4  |   |  |   | 5.0  |  
|Expected return on plan assets |  |                              | (3.4 | ) |         |   | (0.3 | )     |  |   | (3.7     | ) |  |         | (3.1 | ) |       |   | (0.2 | ) |  |   | (3.3 | )
|Amortization, net              |  |                              | 0.8  |   |         |   |     |       |  |   | 0.8      |   |  |         | 1.2  |   |       |   |     |   |  |   | 1.2  |  
|                               |  |                              |      |   |         |   |      |       |  |   |          |   |  |         |      |   |       |   |      |   |  |   |      |  
|Net periodic cost              |  | $                            | 1.8  |   |         | $ | 0.4  |       |  | $ | 2.2      |   |  | $       | 2.7  |   |       | $ | 0.4  |   |  | $ | 3.1  |  
|                               |  |                              |      |   |         |   |      |       |  |   |          |   |  |         |      |   |       |   |      |   |  |   |      |  



|                  |  |                             |      |   |      |   |      |  
|----------------- |  | --------------------------- | ---- | - | ---- | - | ---- | -
|                  |  | Postretirement Benefits     |     
|                  |  | Three months endedMarch 31, |     
|(in millions)     |  | 2010                        |      |   | 2009 |  
|Service cost      |  | $                           |     |   |      | $ |     |  
|Interest cost     |  |                             | 0.1  |   |      |   | 0.1  |  
|Amortization, net |  |                             | (0.2 | ) |      |   | (0.2 | )
|                  |  |                             |      |   |      |   |      |  
|Net periodic cost |  | $                           | (0.1 | ) |      | $ | (0.1 | )
|                  |  |                             |      |   |      |   |      |  

15. Reorganization and Acquisition-Related Integration Costs

The Company did not incur any reorganization and acquisition-related integration costs (collectively, reorganization costs) for the three
months ended March 31, 2010. Reorganization costs for the three months ended March 31, 2009 are as follows:



|                                  |  |                                   |     |              |   |            |  |       |   |  |   |     
|--------------------------------- |  | --------------------------------- | --- | ------------ | - | ---------- |  | ----- | - |  | - | ----
|                                  |  | Three months ended March 31, 2009
|(in millions)                     |  | EmployeeTerminations              |     | OtherCharges |   | Impairment |  | Total
|Charged to Results of Operations: |  |                                   |     |              |   |            |  |       |   |  |   |     
|Outdoor Solutions                 |  | $                                 | 5.4 |              | $ | 4.0        |  | $     |  |  | $ | 9.4 
|Consumer Solutions                |  |                                   | 2.8 |              |   |           |  |       |  |  |   | 2.8 
|                                  |  |                                   |     |              |   |            |  |       |   |  |   |     
|Total                             |  | $                                 | 8.2 |              | $ | 4.0        |  | $     |  |  | $ | 12.2
|                                  |  |                                   |     |              |   |            |  |       |   |  |   |     



15



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##### Table of Contents

JARDEN CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions, except per share data and unless otherwise indicated)

(Unaudited)(Continued)



Outdoor Solutions Segment Reorganization Costs

Reorganization costs in the Outdoor Solutions segment relate to plans to rationalize the overall cost structure of this segment through headcount
reductions and facility consolidation. These plans consist of restructuring the Companys domestic and European paintball operations, realigning distribution and warehouse facilities both domestically and in Europe, rationalizing manufacturing
operations in the Far East and integrating various 2009 tuck-in acquisitions. Employee termination charges for the three months ended March 31, 2009 relate to the implementation of these initiatives.

For the three months ended March 31, 2009, other charges include lease and moving costs ($0.9), contract termination fees ($0.5), professional fees
($0.7) and other costs ($1.9).

As of March 31, 2010, $5.6 of severance and other employee benefit-related costs and $7.1 of other costs
(primarily lease obligations) remain accrued for reorganization initiatives in the Outdoor Solutions segment.

Consumer Solutions
Segment Reorganization Costs

Reorganization costs in the Consumer Solutions segment relate to plans to rationalize the overall cost
structure of this segment through headcount reductions. Employee termination charges for the three months ended March 31, 2009 relate to these plans.

As of March 31, 2010, $7.5 of costs (primarily lease obligations) remain accrued for reorganization initiatives in the Consumer Solutions segment.

Accrued Reorganization Costs

Details and the activity related to accrued reorganization costs as of and for the three months ended March 31, 2010 are as follows:



|                                     |  |                                   |      |                          |   |          |  |   |                          |   |  |                                |      |   |  |   |     
|------------------------------------ |  | --------------------------------- | ---- | ------------------------ | - | -------- |  | - | ------------------------ | - |  | ------------------------------ | ---- | - |  | - | ----
|                                     |  | AccrualBalance
atDecember 31,2009 |      | ReorganizationCosts,
net |   | Payments |  |   | ForeignCurrencyand Other |   |  | AccrualBalance atMarch 31,2010
|Severance and other employee-related |  | $                                 | 10.7 |                          | $ |         |  | $ | (4.6                     | ) |  | $                              | (0.4 | ) |  | $ | 5.7 
|Other costs                          |  |                                   | 18.7 |                          |   |         |  |   | (4.4                     | ) |  |                                | 0.5  |   |  |   | 14.8
|                                     |  |                                   |      |                          |   |          |  |   |                          |   |  |                                |      |   |  |   |     
|Total                                |  | $                                 | 29.4 |                          | $ |         |  | $ | (9.0                     | ) |  | $                              | 0.1  |   |  | $ | 20.5
|                                     |  |                                   |      |                          |   |          |  |   |                          |   |  |                                |      |   |  |   |     

16. Segment Information

The Company reports four business segments: Outdoor Solutions, Consumer Solutions, Branded Consumables and Process Solutions. The Companys sales are
principally within the United States. The Companys international operations are mainly based in Asia, Canada, Europe and Latin America. The Company and its chief operating decision maker use segment earnings to measure segment
operating performance.

The Outdoor Solutions segment manufactures or sources, markets and distributes global consumer
active lifestyle products for outdoor and outdoor-related activities. For general outdoor activities, Coleman®
is a leading brand for active lifestyle products, offering an array of products that include camping and outdoor equipment such as air beds, camping stoves, coolers, foldable furniture, gas and charcoal grills, lanterns and flashlights, propane
fuel, sleeping bags, tents and water recreation products such as inflatable boats, kayaks and tow-behinds. The Outdoor Solutions segment is also a leading provider of fishing equipment under brand names such as Abu
Garcia®, All
Star®,
Berkley®,
Fenwick®,
Gulp!®,
JRC,
Mitchell®,
Penn®,
Pflueger®,
Sevenstrand®,
Shakespeare®,
Spiderwire®,
Stren®,
Trilene®, Ugly
Stik® and
Xtools®. Team sports equipment for baseball, softball, football, basketball, field hockey and lacrosse products
are sold under brand names such as deBeer®,
Gait®,
Miken®,
Rawlings® and
Worth®. Alpine and nordic skiing, snowboarding, snowshoeing and in-line skating products are sold under brand
names such as Atlas, Full
Tilt®,
K2®,
Line®, Little
Bear®,
Madshus®,
Marker®,
Morrow®,
Ride®,
Tubbs®,
Völkl® and
5150 Snowboards®. Water sports equipment, personal flotation devices and all-terrain vehicle gear are sold
under brand names such as Helium®,
Hodgman®, Mad Dog
Gear®,
Sevylor®,
Sospenders® and
Stearns®. The Company also sells high performance technical and outdoor apparel and equipment under brand names
such as Ex Officio®,
Marmot®,
Planet Earth® and
Zoot®.



The Consumer Solutions segment manufactures or sources, markets, and distributes a diverse line of household products, including
kitchen appliances and personal care and wellness products for home use. This segment maintains a strong portfolio of globally recognized brands including
Bionaire®,
Crock-Pot®,
FoodSaver®,
Health o meter®,
Holmes®,
Mr. Coffee®,
Oster®,
Patton®,
Rival®,
Seal-a-Meal®,
Sunbeam® and
Villaware®. The principal products in this segment include clippers and trimmers for professional use in the
beauty and barber and animal categories; electric blankets, mattress pads and throws; household kitchen appliances, such as blenders, coffeemakers, irons, mixers, slow cookers, toasters, toaster ovens and vacuum packaging machines; personal care and
wellness products, such as air purifiers, fans, heaters and humidifiers, for home use; products for the hospitality industry; and scales for consumer use.



16



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##### Table of Contents

JARDEN CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions, except per share data and unless otherwise indicated)

(Unaudited)(Continued)



The Branded Consumables segment manufactures or sources, markets and distributes a
broad line of branded consumer products, many of which are affordable, consumable and fundamental household staples, including arts and crafts paint brushes, childrens card games, clothespins, collectible tins, cord, rope and twine, fencing,
fire extinguishing products, firelogs and firestarters, home canning jars and accessories, kitchen matches, other craft items, plastic cutlery, playing cards and accessories, safes, security cameras, security doors, smoke and carbon monoxide alarms,
storage organizers and workshop accessories, toothpicks, window guards and other accessories. This segment markets our products under the
Aviator®,
Ball®,
Bee®,
Bernardin®,
Bicycle®,
BRK®,
Crawford®,
Diamond®,
Dicon®, First
Alert®,
Forster®,
Hoyle®,
Java-Log®,
KEM®,
Kerr®,
Lehigh®,
Leslie-Locke®,
Loew-Cornell®, Pine
Mountain® and
Wellington® brand names, among others. We distribute these products through club, drug, e-commerce, grocery,
hardware, home center, mass merchant and specialty retail customers and deliver these products to thousands of ship to locations.

The Process Solutions segment manufactures, markets and distributes a wide variety of plastic products including closures, contact lens packaging,
medical disposables, plastic cutlery and rigid packaging. Many of these products are consumable in nature or represent components of consumer products. Our materials business produces specialty nylon polymers, conductive fibers and monofilament used
in various products, including woven mats used by paper producers and weed trimmer cutting line, as well as fiberglass radio antennas for marine, citizen band and military applications. This segment is also the largest North American producer of
niche products fabricated from solid zinc strip and are the sole source supplier of copper plated zinc penny blanks to the United States Mint and a major supplier to the Royal Canadian Mint, as well as a supplier of brass, bronze and nickel plated
finishes on steel and zinc for coinage to other international markets. In addition, the Company manufactures a line of industrial zinc products marketed globally for use in the architectural, automotive, construction, electrical component and
plumbing markets.

Segment information as of and for the three months ended March 31, 2010 and 2009 is as follows:



|                                                                     |  |                                   |         |   |                   |   |         |                    |  |   |                  |   |  |                          |       |   |                        |   |       |                       |  |   |              |   |  |   |        |   |  |   |         |  
|-------------------------------------------------------------------- |  | --------------------------------- | ------- | - | ----------------- | - | ------- | ------------------ |  | - | ---------------- | - |  | ------------------------ | ----- | - | ---------------------- | - | ----- | --------------------- |  | - | ------------ | - |  | - | ------ | - |  | - | ------- | -
|                                                                     |  | Three months ended March 31, 2010 |        
|(in millions)                                                        |  | OutdoorSolutions                  |         |   | ConsumerSolutions |   |         | BrandedConsumables |  |   | ProcessSolutions |   |  | IntercompanyEliminations |       |   | TotalOperatingSegments |   |       | Corporate/Unallocated |  |   | Consolidated |  
|Net sales                                                            |  | $                                 | 614.2   |   |                   | $ | 337.4   |                    |  | $ | 169.0            |   |  | $                        | 81.7  |   |                        | $ | (13.2 | )                     |  | $ | 1,189.1      |   |  | $ |       |   |  | $ | 1,189.1 |  
|                                                                     |  |                                   |         |   |                   |   |         |                    |  |   |                  |   |  |                          |       |   |                        |   |       |                       |  |   |              |   |  |   |        |   |  |   |         |  
|Segment earnings (loss)                                              |  |                                   | 55.8    |   |                   |   | 46.1    |                    |  |   | 16.9             |   |  |                          | 8.5   |   |                        |   |      |                       |  |   | 127.3        |   |  |   | (25.9  | ) |  |   | 101.4   |  
|Adjustments to reconcile to reported operating earnings (loss):      |  |                                   |         |   |                   |   |         |                    |  |   |                  |   |  |                          |       |   |                        |   |       |                       |  |   |              |   |  |   |        |   |  |   |         |  
|Transaction costs (1)                                                |  |                                   |        |   |                   |   |        |                    |  |   |                 |   |  |                          |      |   |                        |   |      |                       |  |   |             |   |  |   | (21.1  | ) |  |   | (21.1   | )
|Venezuela hyperinflationary and devaluation charges (see Footnote 1) |  |                                   |        |   |                   |   |        |                    |  |   |                 |   |  |                          |      |   |                        |   |      |                       |  |   |             |   |  |   | (78.1  | ) |  |   | (78.1   | )
|Depreciation and amortization                                        |  |                                   | (15.9   | ) |                   |   | (6.9    | )                  |  |   | (5.0             | ) |  |                          | (2.9  | ) |                        |   |      |                       |  |   | (30.7        | ) |  |   | (0.2   | ) |  |   | (30.9   | )
|                                                                     |  |                                   |         |   |                   |   |         |                    |  |   |                  |   |  |                          |       |   |                        |   |       |                       |  |   |              |   |  |   |        |   |  |   |         |  
|Operating earnings (loss)                                            |  | $                                 | 39.9    |   |                   | $ | 39.2    |                    |  | $ | 11.9             |   |  | $                        | 5.6   |   |                        | $ |      |                       |  | $ | 96.6         |   |  | $ | (125.3 | ) |  | $ | (28.7   | )
|                                                                     |  |                                   |         |   |                   |   |         |                    |  |   |                  |   |  |                          |       |   |                        |   |       |                       |  |   |              |   |  |   |        |   |  |   |         |  
|Other segment data:                                                  |  |                                   |         |   |                   |   |         |                    |  |   |                  |   |  |                          |       |   |                        |   |       |                       |  |   |              |   |  |   |        |   |  |   |         |  
|Total assets                                                         |  | $                                 | 2,968.6 |   |                   | $ | 1,713.0 |                    |  | $ | 896.2            |   |  | $                        | 203.5 |   |                        | $ |      |                       |  | $ | 5,781.3      |   |  | $ | 436.3  |   |  | $ | 6,217.6 |  
|                                                                     | 
|                                                                     |  | Three months ended March 31, 2009 |        
|(in millions)                                                        |  | OutdoorSolutions                  |         |   | ConsumerSolutions |   |         | BrandedConsumables |  |   | ProcessSolutions |   |  | IntercompanyEliminations |       |   | TotalOperatingSegments |   |       | Corporate/Unallocated |  |   | Consolidated |  
|Net sales                                                            |  | $                                 | 591.3   |   |                   | $ | 335.9   |                    |  | $ | 159.2            |   |  | $                        | 66.5  |   |                        | $ | (14.0 | )                     |  | $ | 1,138.9      |   |  | $ |       |   |  | $ | 1,138.9 |  
|                                                                     |  |                                   |         |   |                   |   |         |                    |  |   |                  |   |  |                          |       |   |                        |   |       |                       |  |   |              |   |  |   |        |   |  |   |         |  
|Segment earnings (loss) (2)                                          |  |                                   | 51.9    |   |                   |   | 38.8    |                    |  |   | 14.9             |   |  |                          | 6.8   |   |                        |   |      |                       |  |   | 112.4        |   |  |   | (20.9  | ) |  |   | 91.5    |  
|Adjustments to reconcile to reported operating earnings (loss):      |  |                                   |         |   |                   |   |         |                    |  |   |                  |   |  |                          |       |   |                        |   |       |                       |  |   |              |   |  |   |        |   |  |   |         |  
|Reorganization costs (2)                                             |  |                                   | (9.4    | ) |                   |   |        |                    |  |   |                 |   |  |                          |      |   |                        |   |      |                       |  |   | (9.4         | ) |  |   |       |   |  |   | (9.4    | )
|Depreciation and amortization                                        |  |                                   | (15.9   | ) |                   |   | (6.8    | )                  |  |   | (4.7             | ) |  |                          | (2.8  | ) |                        |   |      |                       |  |   | (30.2        | ) |  |   | (0.2   | ) |  |   | (30.4   | )
|                                                                     |  |                                   |         |   |                   |   |         |                    |  |   |                  |   |  |                          |       |   |                        |   |       |                       |  |   |              |   |  |   |        |   |  |   |         |  
|Operating earnings (loss)                                            |  | $                                 | 26.6    |   |                   | $ | 32.0    |                    |  | $ | 10.2             |   |  | $                        | 4.0   |   |                        | $ |      |                       |  | $ | 72.8         |   |  | $ | (21.1  | ) |  | $ | 51.7    |  
|                                                                     |  |                                   |         |   |                   |   |         |                    |  |   |                  |   |  |                          |       |   |                        |   |       |                       |  |   |              |   |  |   |        |   |  |   |         |  



|(1) | Primarily comprised of transactions costs related to the Acquisition (see Note 2).
|--- | ----------------------------------------------------------------------------------

|(2) | For the three months ended March 31, 2009, segment earnings for the Consumer Solutions segment includes $2.8 of reorganization costs (see Note 15).
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------



17



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##### Table of Contents

JARDEN CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions, except per share data and unless otherwise indicated)

(Unaudited)(Continued)



17. Condensed Consolidating Financial Data

The Companys 8% Senior Notes due 2016,
71/2% Senior Subordinated Notes due 2017 and
71/2% Senior Subordinated Notes due 2020 (see Note
7) are fully guaranteed, jointly and severally, by certain of the Companys domestic subsidiaries (Guarantor Subsidiaries). The Companys non-United States subsidiaries and those domestic subsidiaries who are not guarantors
(Non-Guarantor Subsidiaries) are not guaranteeing these notes. Presented below is the condensed consolidating financial data of the Company (Parent), the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries on a
consolidated basis as of March 31, 2010 and December 31, 2009 and for the three months ended March 31, 2010 and 2009.

Condensed Consolidating Results of Operations



|                                     |  |                                   |       |   |                       |   |       |                           |  |   |              |   |  |              |       |   |  |   |         |  
|------------------------------------ |  | --------------------------------- | ----- | - | --------------------- | - | ----- | ------------------------- |  | - | ------------ | - |  | ------------ | ----- | - |  | - | ------- | -
|                                     |  | Three months ended March 31, 2010 |      
|(in millions)                        |  | Parent                            |       |   | GuarantorSubsidiaries |   |       | Non-GuarantorSubsidiaries |  |   | Eliminations |   |  | Consolidated |      
|Net sales                            |  | $                                 |      |   |                       | $ | 784.4 |                           |  | $ | 435.8        |   |  | $            | (31.1 | ) |  | $ | 1,189.1 |  
|Costs and expenses                   |  |                                   | 48.1  |   |                       |   | 722.0 |                           |  |   | 478.8        |   |  |              | (31.1 | ) |  |   | 1,217.8 |  
|                                     |  |                                   |       |   |                       |   |       |                           |  |   |              |   |  |              |       |   |  |   |         |  
|Operating (loss) earnings            |  |                                   | (48.1 | ) |                       |   | 62.4  |                           |  |   | (43.0        | ) |  |              |      |   |  |   | (28.7   | )
|Other expense, net                   |  |                                   | 14.1  |   |                       |   | 1.2   |                           |  |   | 15.0         |   |  |              |      |   |  |   | 30.3    |  
|Equity in the income of subsidiaries |  |                                   | 3.2   |   |                       |   | (62.6 | )                         |  |   |             |   |  |              | 59.4  |   |  |   |        |  
|                                     |  |                                   |       |   |                       |   |       |                           |  |   |              |   |  |              |       |   |  |   |         |  
|Net income (loss)                    |  | $                                 | (59.0 | ) |                       | $ | (1.4  | )                         |  | $ | (58.0        | ) |  | $            | 59.4  |   |  | $ | (59.0   | )
|                                     |  |                                   |       |   |                       |   |       |                           |  |   |              |   |  |              |       |   |  |   |         |  
|                                     | 
|                                     |  | Three months ended March 31, 2009 |      
|(in millions)                        |  | Parent                            |       |   | GuarantorSubsidiaries |   |       | Non-GuarantorSubsidiaries |  |   | Eliminations |   |  | Consolidated |      
|Net sales                            |  | $                                 |      |   |                       | $ | 755.0 |                           |  | $ | 419.4        |   |  | $            | (35.5 | ) |  | $ | 1,138.9 |  
|Costs and expenses                   |  |                                   | 21.7  |   |                       |   | 711.0 |                           |  |   | 390.0        |   |  |              | (35.5 | ) |  |   | 1,087.2 |  
|                                     |  |                                   |       |   |                       |   |       |                           |  |   |              |   |  |              |       |   |  |   |         |  
|Operating (loss) earnings            |  |                                   | (21.7 | ) |                       |   | 44.0  |                           |  |   | 29.4         |   |  |              |      |   |  |   | 51.7    |  
|Other expense, net                   |  |                                   | 27.3  |   |                       |   | 0.6   |                           |  |   | 14.9         |   |  |              |      |   |  |   | 42.8    |  
|Equity in the income of subsidiaries |  |                                   | 57.9  |   |                       |   | 14.3  |                           |  |   |             |   |  |              | (72.2 | ) |  |   |        |  
|                                     |  |                                   |       |   |                       |   |       |                           |  |   |              |   |  |              |       |   |  |   |         |  
|Net income (loss)                    |  | $                                 | 8.9   |   |                       | $ | 57.7  |                           |  | $ | 14.5         |   |  | $            | (72.2 | ) |  | $ | 8.9     |  
|                                     |  |                                   |       |   |                       |   |       |                           |  |   |              |   |  |              |       |   |  |   |         |  



18



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##### Table of Contents

JARDEN CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions, except per share data and unless otherwise indicated)

(Unaudited)(Continued)



Condensed Consolidating Balance Sheets



|                                           |  |                         |         |                       |   |                           |  |              |         |  |              |          |   |  |   |        
|------------------------------------------ |  | ----------------------- | ------- | --------------------- | - | ------------------------- |  | ------------ | ------- |  | ------------ | -------- | - |  | - | -------
|                                           |  | As of March 31, 2010   
|(in millions)                              |  | Parent                  |         | GuarantorSubsidiaries |   | Non-GuarantorSubsidiaries |  | Eliminations |         |  | Consolidated
|Assets                                     |  |                         |         |                       |   |                           |  |              |         |  |              |          |   |  |   |        
|Current assets                             |  | $                       | 346.9   |                       | $ | 953.8                     |  | $            | 1,897.8 |  | $            | (1.6     | ) |  | $ | 3,196.9
|Investment in subsidiaries                 |  |                         | 4,855.0 |                       |   | 1,159.5                   |  |              |        |  |              | (6,014.5 | ) |  |   |       
|Non-current assets                         |  |                         | 178.7   |                       |   | 3,749.8                   |  |              | 338.2   |  |              | (1,246.0 | ) |  |   | 3,020.7
|                                           |  |                         |         |                       |   |                           |  |              |         |  |              |          |   |  |   |        
|Total assets                               |  | $                       | 5,380.6 |                       | $ | 5,863.1                   |  | $            | 2,236.0 |  | $            | (7,262.1 | ) |  | $ | 6,217.6
|                                           |  |                         |         |                       |   |                           |  |              |         |  |              |          |   |  |   |        
|Liabilities and stockholders equity       |  |                         |         |                       |   |                           |  |              |         |  |              |          |   |  |   |        
|Current liabilities                        |  | $                       | 246.5   |                       | $ | 552.7                     |  | $            | 588.4   |  |              | (1.8     | ) |  | $ | 1,385.8
|Non-current liabilities                    |  |                         | 3,428.9 |                       |   | 472.8                     |  |              | 470.7   |  |              | (1,245.8 | ) |  |   | 3,126.6
|Stockholders equity                       |  |                         | 1,705.2 |                       |   | 4,837.6                   |  |              | 1,176.9 |  |              | (6,014.5 | ) |  |   | 1,705.2
|                                           |  |                         |         |                       |   |                           |  |              |         |  |              |          |   |  |   |        
|Total liabilities and stockholders equity |  | $                       | 5,380.6 |                       | $ | 5,863.1                   |  | $            | 2,236.0 |  | $            | (7,262.1 | ) |  | $ | 6,217.6
|                                           |  |                         |         |                       |   |                           |  |              |         |  |              |          |   |  |   |        
|                                           | 
|                                           |  | As of December 31, 2009
|(in millions)                              |  | Parent                  |         | GuarantorSubsidiaries |   | Non-GuarantorSubsidiaries |  | Eliminations |         |  | Consolidated
|Assets                                     |  |                         |         |                       |   |                           |  |              |         |  |              |          |   |  |   |        
|Current assets                             |  | $                       | 556.0   |                       | $ | 819.0                     |  | $            | 1,615.4 |  | $            | (2.4     | ) |  | $ | 2,988.0
|Investment in subsidiaries                 |  |                         | 4,554.4 |                       |   | 985.1                     |  |              |        |  |              | (5,539.5 | ) |  |   |       
|Non-current assets                         |  |                         | 171.4   |                       |   | 3,727.9                   |  |              | 353.9   |  |              | (1,217.6 | ) |  |   | 3,035.6
|                                           |  |                         |         |                       |   |                           |  |              |         |  |              |          |   |  |   |        
|Total assets                               |  | $                       | 5,281.8 |                       | $ | 5,532.0                   |  | $            | 1,969.3 |  | $            | (6,759.5 | ) |  | $ | 6,023.6
|                                           |  |                         |         |                       |   |                           |  |              |         |  |              |          |   |  |   |        
|Liabilities and stockholders equity       |  |                         |         |                       |   |                           |  |              |         |  |              |          |   |  |   |        
|Current liabilities                        |  | $                       | 357.0   |                       | $ | 536.6                     |  | $            | 593.0   |  |              | (2.1     | ) |  | $ | 1,484.5
|Non-current liabilities                    |  |                         | 3,158.0 |                       |   | 459.1                     |  |              | 373.1   |  |              | (1,217.9 | ) |  |   | 2,772.3
|Stockholders equity                       |  |                         | 1,766.8 |                       |   | 4,536.3                   |  |              | 1,003.2 |  |              | (5,539.5 | ) |  |   | 1,766.8
|                                           |  |                         |         |                       |   |                           |  |              |         |  |              |          |   |  |   |        
|Total liabilities and stockholders equity |  | $                       | 5,281.8 |                       | $ | 5,532.0                   |  | $            | 1,969.3 |  | $            | (6,759.5 | ) |  | $ | 6,023.6
|                                           |  |                         |         |                       |   |                           |  |              |         |  |              |          |   |  |   |        



19



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##### Table of Contents

JARDEN CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions, except per share data and unless otherwise indicated)

(Unaudited)(Continued)



Condensed Consolidating Statements of Cash Flows



|                                                                   |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  
|------------------------------------------------------------------ |  | --------------------------------- | ------ | - | --------------------- | - | ----- | ------------------------- |  | - | ------------ | - |  | - | ------ | -
|                                                                   |  | Three months ended March 31, 2010 |       
|(in millions)                                                      |  | Parent                            |        |   | GuarantorSubsidiaries |   |       | Non-GuarantorSubsidiaries |  |   | Consolidated |  
|Net cash provided by (used in) operating activities                |  | $                                 | (341.8 | ) |                       | $ | 47.0  |                           |  | $ | 219.9        |   |  | $ | (74.9  | )
|Financing activities:                                              |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  
|Net change in short-term debt                                      |  |                                   |       |   |                       |   |      |                           |  |   | 9.6          |   |  |   | 9.6    |  
|Proceeds (payments) from (to) intercompany transactions            |  |                                   | (77.7  | ) |                       |   | (24.3 | )                         |  |   | 102.0        |   |  |   |       |  
|Proceeds from issuance of long-term debt                           |  |                                   | 486.1  |   |                       |   |      |                           |  |   |             |   |  |   | 486.1  |  
|Payments on long-term debt                                         |  |                                   | (252.7 | ) |                       |   |      |                           |  |   |             |   |  |   | (252.7 | )
|Issuance (repurchase) of common stock, net                         |  |                                   | (2.7   | ) |                       |   |      |                           |  |   |             |   |  |   | (2.7   | )
|Dividends paid                                                     |  |                                   | (6.7   | ) |                       |   |      |                           |  |   |             |   |  |   | (6.7   | )
|Other                                                              |  |                                   | (12.6  | ) |                       |   |      |                           |  |   |             |   |  |   | (12.6  | )
|                                                                   |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  
|Net cash provided by (used in) financing activities                |  |                                   | 133.7  |   |                       |   | (24.3 | )                         |  |   | 111.6        |   |  |   | 221.0  |  
|                                                                   |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  
|Investing Activities:                                              |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  
|Additions to property, plant and equipment                         |  |                                   | (0.3   | ) |                       |   | (12.5 | )                         |  |   | (2.0         | ) |  |   | (14.8  | )
|Acquisition of business and earnout payments, net of cash acquired |  |                                   |       |   |                       |   | (4.5  | )                         |  |   |             |   |  |   | (4.5   | )
|Other                                                              |  |                                   |       |   |                       |   |      |                           |  |   | 10.0         |   |  |   | 10.0   |  
|                                                                   |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  
|Net cash used in investing activities                              |  |                                   | (0.3   | ) |                       |   | (17.0 | )                         |  |   | 8.0          |   |  |   | (9.3   | )
|                                                                   |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  
|Effect of exchange rate changes on cash                            |  |                                   |       |   |                       |   |      |                           |  |   | (13.2        | ) |  |   | (13.2  | )
|                                                                   |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  
|Net increase in cash and cash equivalents                          |  |                                   | (208.4 | ) |                       |   | 5.7   |                           |  |   | 326.3        |   |  |   | 123.6  |  
|Cash and cash equivalents at beginning of period                   |  |                                   | 537.9  |   |                       |   | 13.8  |                           |  |   | 275.7        |   |  |   | 827.4  |  
|                                                                   |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  
|Cash and cash equivalents at end of period                         |  | $                                 | 329.5  |   |                       | $ | 19.5  |                           |  | $ | 602.0        |   |  | $ | 951.0  |  
|                                                                   |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  



|                                                                   |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  
|------------------------------------------------------------------ |  | --------------------------------- | ------ | - | --------------------- | - | ----- | ------------------------- |  | - | ------------ | - |  | - | ------ | -
|                                                                   |  | Three months ended March 31, 2009 |       
|(in millions)                                                      |  | Parent                            |        |   | GuarantorSubsidiaries |   |       | Non-GuarantorSubsidiaries |  |   | Consolidated |  
|Net cash provided by (used in) operating activities                |  | $                                 | (45.9  | ) |                       | $ | 74.9  |                           |  | $ | (27.6        | ) |  | $ | 1.4    |  
|Financing activities:                                              |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  
|Net change in short-term debt                                      |  |                                   | (129.5 | ) |                       |   |      |                           |  |   | 33.8         |   |  |   | (95.7  | )
|Proceeds (payments) from (to) intercompany transactions            |  |                                   | 4.2    |   |                       |   | (49.9 | )                         |  |   | 45.7         |   |  |   |       |  
|Payments on long-term debt                                         |  |                                   | (4.3   | ) |                       |   |      |                           |  |   |             |   |  |   | (4.3   | )
|Issuance (repurchase) of common stock, net                         |  |                                   | (0.5   | ) |                       |   |      |                           |  |   |             |   |  |   | (0.5   | )
|                                                                   |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  
|Net cash provided by (used in) financing activities                |  |                                   | (130.1 | ) |                       |   | (49.9 | )                         |  |   | 79.5         |   |  |   | (100.5 | )
|                                                                   |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  
|Investing Activities:                                              |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  
|Additions to property, plant and equipment                         |  |                                   | (0.1   | ) |                       |   | (18.4 | )                         |  |   | (2.6         | ) |  |   | (21.1  | )
|Acquisition of business and earnout payments, net of cash acquired |  |                                   | (1.5   | ) |                       |   | (2.2  | )                         |  |   |             |   |  |   | (3.7   | )
|Other                                                              |  |                                   |       |   |                       |   | (0.7  | )                         |  |   | 0.7          |   |  |   |       |  
|                                                                   |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  
|Net cash used in investing activities                              |  |                                   | (1.6   | ) |                       |   | (21.3 | )                         |  |   | (1.9         | ) |  |   | (24.8  | )
|                                                                   |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  
|Effect of exchange rate changes on cash                            |  |                                   |       |   |                       |   |      |                           |  |   | (1.9         | ) |  |   | (1.9   | )
|                                                                   |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  
|Net decrease in cash and cash equivalents                          |  |                                   | (177.6 | ) |                       |   | 3.7   |                           |  |   | 48.1         |   |  |   | (125.8 | )
|Cash and cash equivalents at beginning of period                   |  |                                   | 211.8  |   |                       |   | 7.9   |                           |  |   | 173.1        |   |  |   | 392.8  |  
|                                                                   |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  
|Cash and cash equivalents at end of period                         |  | $                                 | 34.2   |   |                       | $ | 11.6  |                           |  | $ | 221.2        |   |  | $ | 267.0  |  
|                                                                   |  |                                   |        |   |                       |   |       |                           |  |   |              |   |  |   |        |  

The amounts reflected as proceeds (payments) from (to) intercompany transactions represent cash flows originating from
transactions conducted between Guarantor Subsidiaries, Non-Guarantor Subsidiaries and Parent in the normal course of business operations.



20



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##### Table of Contents

|Item 2. | Managements Discussion and Analysis of Financial Condition and Results of Operations
|------- | -------------------------------------------------------------------------------------

Forward-Looking Information

From
time to time, the Company may make or publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products and similar matters. Such statements are necessarily
estimates reflecting managements best judgment based on current information. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. Such statements are usually identified by the use of words
or phrases such as believes, anticipates, expects, estimates, planned, outlook and goal. Because forward-looking statements involve risks and uncertainties, the
Companys actual results could differ materially. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause our actual results and experience to differ materially from the anticipated results
or other expectations expressed in forward-looking statements. All statements addressing trends, events, developments, operating performance, potential acquisitions or liquidity that the Company anticipates or expects will occur in the future are
forward-looking statements.

Achievement of future results is subject to risks, uncertainties and inaccurate assumptions. Should known or
unknown risks or uncertainties materialize, or should underlying assumptions prove inaccurate, actual results could vary materially from past results and those anticipated, estimated or projected. Investors should bear this in mind as they consider
forward-looking statements.

The Company undertakes no obligation to publicly update forward-looking statements, whether as a result of new
information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in the Companys Forms 10-K, 10-Q and 8-K reports to the Securities and Exchange Commission (SEC).
Please see the Companys Annual Report on Form 10-K for the year ended December 31, 2009 for a list of factors which could cause the Companys actual results to differ materially from those projected in the Companys
forward-looking statements and certain risks and uncertainties that may affect the operations, performance and results of the Companys businesses. You should understand that it is not possible to predict or identify all such factors.
Consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.

The following
Overview section is a brief summary of the significant items addressed in Managements Discussion and Analysis of Financial Condition and Results of Operations (MD&A). Investors should read the relevant sections of
this MD&A for a complete discussion of the items summarized below.

Overview

The Company is a leading provider of a broad range of consumer products. The Company reports four business segments: Outdoor Solutions, Consumer
Solutions, Branded Consumables and Process Solutions. The Companys sales are principally within the United States. The Companys international operations are mainly based in Asia, Canada, Europe and Latin America.

The Outdoor Solutions segment manufactures or sources, markets and distributes global consumer active lifestyle products for outdoor
and outdoor-related activities. For general outdoor activities, Coleman® is a leading brand for active lifestyle
products, offering an array of products that include camping and outdoor equipment such as air beds, camping stoves, coolers, foldable furniture, gas and charcoal grills, lanterns and flashlights, propane fuel, sleeping bags, tents and water
recreation products such as inflatable boats, kayaks and tow-behinds. The Outdoor Solutions segment is also a leading provider of fishing equipment under brand names such as Abu
Garcia®, All
Star®,
Berkley®,
Fenwick®,
Gulp!®,
JRC,
Mitchell®,
Penn®,
Pflueger®,
Sevenstrand®,
Shakespeare®,
Spiderwire®,
Stren®,
Trilene®, Ugly
Stik® and
Xtools®. Team sports equipment for baseball, softball, football, basketball, field hockey and lacrosse products
are sold under brand names such as deBeer®,
Gait®,
Miken®,
Rawlings® and
Worth®. Alpine and nordic skiing, snowboarding, snowshoeing and in-line skating products are sold under brand
names such as Atlas, Full
Tilt®,
K2®,
Line®, Little
Bear®,
Madshus®,
Marker®,
Morrow®,
Ride®,
Tubbs®,
Völkl® and
5150 Snowboards®. Water sports equipment, personal flotation devices and all-terrain vehicle gear are sold
under brand names such as Helium®,
Hodgman®, Mad Dog
Gear®,
Sevylor®,
Sospenders® and
Stearns®. The Company also sells high performance technical and outdoor apparel and equipment under brand names
such as Ex Officio®,
Marmot®,
Planet Earth® and
Zoot®.

The Consumer Solutions segment manufactures or sources, markets, and distributes a diverse line of household products, including
kitchen appliances and personal care and wellness products for home use. This segment maintains a strong portfolio of globally recognized brands including
Bionaire®,
Crock-Pot®,
FoodSaver®,
Health o meter®,
Holmes®,
Mr. Coffee®,
Oster®,
Patton®,
Rival®,
Seal-a-Meal®,
Sunbeam® and
Villaware®. The principal products in this segment include clippers and trimmers for professional use in the
beauty and barber and animal categories; electric blankets, mattress pads and throws; household kitchen appliances, such as blenders, coffeemakers, irons, mixers, slow cookers, toasters, toaster ovens and vacuum packaging machines; personal care and
wellness products, such as air purifiers, fans, heaters and humidifiers, for home use; products for the hospitality industry; and scales for consumer use.



21



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##### Table of Contents

The Branded Consumables segment manufactures or sources, markets and distributes a broad
line of branded consumer products, many of which are affordable, consumable and fundamental household staples, including arts and crafts paint brushes, childrens card games, clothespins, collectible tins, cord, rope and twine, fencing, fire
extinguishing products, firelogs and firestarters, home canning jars and accessories, kitchen matches, other craft items, plastic cutlery, playing cards and accessories, safes, security cameras, security doors, smoke and carbon monoxide alarms,
storage organizers and workshop accessories, toothpicks, window guards and other accessories. This segment markets our products under the
Aviator®,
Ball®,
Bee®,
Bernardin®,
Bicycle®,
BRK®,
Crawford®,
Diamond®,
Dicon®, First
Alert®,
Forster®,
Hoyle®,
Java-Log®,
KEM®,
Kerr®,
Lehigh®,
Leslie-Locke®,
Loew-Cornell®, Pine
Mountain® and
Wellington® brand names, among others. We distribute these products through club, drug, e-commerce, grocery,
hardware, home center, mass merchant and specialty retail customers and deliver these products to thousands of ship to locations.

The Process Solutions segment manufactures, markets and distributes a wide variety of plastic products including closures, contact lens packaging,
medical disposables, plastic cutlery and rigid packaging. Many of these products are consumable in nature or represent components of consumer products. Our materials business produces specialty nylon polymers, conductive fibers and monofilament used
in various products, including woven mats used by paper producers and weed trimmer cutting line, as well as fiberglass radio antennas for marine, citizen band and military applications. This segment is also the largest North American producer of
niche products fabricated from solid zinc strip and are the sole source supplier of copper plated zinc penny blanks to the United States Mint and a major supplier to the Royal Canadian Mint, as well as a supplier of brass, bronze and nickel plated
finishes on steel and zinc for coinage to other international markets. In addition, the Company manufactures a line of industrial zinc products marketed globally for use in the architectural, automotive, construction, electrical component and
plumbing markets.

Market Overview

The Company operates primarily in the consumer products markets, which are generally affected by overall economic conditions. Global economic weakness, a
global recessionary economy and the corresponding effect on consumer confidence and demand negatively affected sales both domestically and internationally in 2009. The adverse impact on sales has somewhat abated during the first quarter of 2010 as
global economic conditions have been stabilizing.

Summary of Significant 2010 Activities



| |  |  | In January 2010, the Company completed a registered public offering for $492 million aggregate principal amount of
71/2% senior subordinated notes due 2020 and
received approximately $476 million in net proceeds.
| | - |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | In April 2010, the Company completed the acquisition of the Mapa Spontex Baby Care and Home Care businesses (Mapa Spontex) of Total S.A.
(Total), through the acquisition of certain of Totals subsidiaries. Mapa Spontex is a global manufacturer and distributor of primarily baby care and home care products with leading market positions in Argentina, Brazil and Europe
in the core categories it serves.
| | - |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Acquisitions

Consistent with the Companys historical acquisition strategy, to the extent the Company pursues future acquisitions, the Company intends to focus on
businesses with product offerings that provide geographic or product diversification, or expansion into related categories that can be marketed through the Companys existing distribution channels or provide us with new distribution channels
for our existing products, thereby increasing marketing and distribution efficiencies. Furthermore, the Company expects that acquisition candidates would demonstrate a combination of attractive margins, strong cash flow characteristics, category
leading positions and products that generate recurring revenue. The Company anticipates that the fragmented nature of the consumer products market will continue to provide opportunities for growth through strategic acquisitions of complementary
businesses. However, there can be no assurance that the Company will complete an acquisition(s) in any given year or that any such acquisition will be significant or successful. The Company will only pursue a candidate when it is deemed to be
fiscally prudent and that meets the Companys acquisition criteria. The Company anticipates that any future acquisitions would be financed through any combination of cash on hand, operating cash flow, availability under our existing credit
facilities and new capital market offerings.

2010 Activity

On April 1, 2010, the Company acquired Mapa Spontex from Total, through the acquisition of certain of Totals subsidiaries
for a Euro purchase price of approximately 217 million (approximately $295 million) subject to certain adjustments (the Acquisition). The total value of the transaction, including debt assumed and or repaid, was approximately
332 million (approximately $451 million as of the closing date). Mapa Spontex is a global manufacturer and distributor of primarily baby care and home care products with leading market positions in Argentina, Brazil and Europe in the core
categories it serves. Its baby care portfolio includes feeding bottles, soothers, teats and other infant accessories sold primarily under the
Fiona®, First
Essentials®,
Lillo®,
NUK® and
Tigex®



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##### Table of Contents

brands; and health care products, including condoms sold under the Billy
Boy® brand. Its home care portfolio includes sponges, rubber gloves and related cleaning products for retail,
professional and industrial uses sold primarily under the Mapa® and
Spontex® brands. The Acquisition is expected to expand the Companys product offerings and distribution
channels into new, attractive categories and further diversify revenue streams and increase the Companys international presence. The Acquisition is consistent with the Companys strategy of purchasing leading, niche consumer-oriented
brands with attractive cash flows and strong management. Mapa Spontex will be reported in the Companys Branded Consumables segment and will be included in the Companys results of operations from April 1, 2010.

2009 Activity

During 2009, the
Company completed three tuck-in acquisitions that by nature are complementary to the Companys core businesses and from an accounting standpoint were not significant.

Venezuela Operations

On
January 8, 2010, the Venezuelan government announced its intention to devalue its currency (Bolivar) relative to the U.S. dollar. The official exchange rate for imported goods classified as essential, such as food and medicine, changed from
2.15 to 2.60, while payments for other non-essential goods moved to an official exchange rate of 4.30. As such, beginning in 2010, the financial statements of the Companys subsidiaries operating in Venezuela are remeasured at and are reflected
in the Companys consolidated financial statements at the official exchange rate of 4.30, which is the Companys expected settlement rate.

As a result of the change in the official exchange rate to 4.30, the Company recorded a one-time, non-cash pre-tax loss of approximately $21.5 in the
first quarter of 2010, primarily reflecting the write-down of monetary assets as of January 1, 2010. This charge is classified in selling, general and administrative costs (SG&A).

In March 2010, the SEC provided temporary guidance on certain exchange rate issues specific to Venezuela. This SEC guidance, in part, requires that any
differences between the amounts reported for financial reporting purposes and actual U.S. dollar denominated balances that may have existed prior to the application of the highly inflationary accounting requirements (effective January 1, 2010
for the Company) should be recognized in the income statement. As a result of applying this SEC guidance, the results of operations for the three months ended March 31, 2010 include a one-time, non-cash charge of $56.6 million related to
remeasuring $32.0 million of U.S. dollar denominated assets at the parallel exchange rate and subsequently translating at the official exchange rate. This charge is classified in SG&A. At December 31, 2009, and prior to the application of
the accounting guidance for operating in a highly inflationary economy, the $56.6 million was deferred and recorded in other assets.

The
transfers of funds out of Venezuela are subject to restrictions, whereby payments for certain imported goods and services are required to be transacted by exchanging Bolivars for U.S. dollars through securities transactions in the more unfavorable
parallel market rather than at the more favorable official exchange rate. While the Company has been able to convert Bolivars at the official exchange rate, if in the future, further restrictions require the Companys Venezuelan subsidiaries to
convert an increasing amount of the Bolivar cash balances into U.S. dollars using the more unfavorable parallel exchange rate, it could result in currency exchange losses that may be material to the Companys results of operations. At
March 31, 2010, the Companys subsidiaries in Venezuela have approximately $25 million in cash denominated in U.S. dollars and cash of approximately $26 million held in Bolivars converted at the official exchange rate of 4.30.

Results of OperationsComparing 2010 to 2009



|                          |  |                             |         |   |                             |   |         |      |  |   |        |   |  |   |       |  
|------------------------- |  | --------------------------- | ------- | - | --------------------------- | - | ------- | ---- |  | - | ------ | - |  | - | ----- | -
|                          |  | Net Sales                   |         |   | Operating Earnings(Loss)    |  
|                          |  | Three months endedMarch 31, |         |   | Three months endedMarch 31, |  
|(in millions)             |  | 2010                        |         |   | 2009                        |   |         | 2010 |  |   | 2009   |  
|Outdoor Solutions         |  | $                           | 614.2   |   |                             | $ | 591.3   |      |  | $ | 39.9   |   |  | $ | 26.6  |  
|Consumer Solutions        |  |                             | 337.4   |   |                             |   | 335.9   |      |  |   | 39.2   |   |  |   | 32.0  |  
|Branded Consumables       |  |                             | 169.0   |   |                             |   | 159.2   |      |  |   | 11.9   |   |  |   | 10.2  |  
|Process Solutions         |  |                             | 81.7    |   |                             |   | 66.5    |      |  |   | 5.6    |   |  |   | 4.0   |  
|Corporate                 |  |                             |        |   |                             |   |        |      |  |   | (125.3 | ) |  |   | (21.1 | )
|Intercompany eliminations |  |                             | (13.2   | ) |                             |   | (14.0   | )    |  |   |       |   |  |   |      |  
|                          |  |                             |         |   |                             |   |         |      |  |   |        |   |  |   |       |  
|                          |  | $                           | 1,189.1 |   |                             | $ | 1,138.9 |      |  | $ | (28.7  | ) |  | $ | 51.7  |  
|                          |  |                             |         |   |                             |   |         |      |  |   |        |   |  |   |       |  



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Three Months Ended March 31 2010 versus the Three Months Ended March 31, 2009

Net sales for the three months ended March 31, 2010 increased $50.2 million, or 4.4%, to $1.2 billion versus the same prior year
period. The overall increase in net sales was primarily due to improving economic conditions, improved point of sale in certain product categories, expanded product offerings and favorable foreign currency translation of approximately $17 million,
which includes the unfavorable impact of approximately $17 million related to the currency devaluation in Venezuela (see Venezuela Operations). Net sales in the Outdoor Solutions segment increased $22.9 million, or 3.9%, primarily as the
result of improved sales in the Coleman business due to increased category space at a major domestic retailer; expanded product offerings; an increase in demand resulting from overall economic improvement; and favorable foreign currency translation
(approximately $23 million), partially offset by the exiting of two business lines (approximately $9 million). Net sales in the Consumer Solutions segment increased $1.5 million, or 0.4%, primarily as the result of increased demand domestically,
especially in the slow cooking and beverage categories and certain personal care and wellness categories, which is primarily due to new product placements; increased point of sales; increased sell through for seasonal products at certain major
retailers; and overall economic improvement, offset by unfavorable foreign currency translation (approximately $9 million), which includes the unfavorable impact related to the currency devaluation in Venezuela. Net sales in the Branded Consumables
segment increased $9.8 million, or 6.2%, which is mainly due to improved firelog sales, which is in part due to the harsh winter season and market share gains in this category; improvements in the safety and security business due to overall economic
improvement; and new product placements, including safes and shredders and favorable foreign currency translation (approximately $3 million). Net sales in the Process Solutions segment increased 22.9% on a year over year basis, primarily due to an
increase in the pass through pricing of commodities.

Cost of sales increased $33.4 million to $880 million for the three months ended
March 31, 2010 versus the same prior year period. Cost of sales as a percentage of net sales for the three months ended March 31, 2010 and 2009 was 74.0% and 74.3%, respectively. Cost of sales as a percentage of net sales for the three
months ended March 31, 2010 was negatively affected as a result of the devaluation in Venezuela (see Venezuela Operations). Cost of sales as a percentage of net sales for the three months ended March 31, 2009 was also
negatively affected by the sell through of higher cost inventory that was built in 2008 during an unprecedented rise in commodity prices.

SG&A increased $109 million, or 47.9%, to $338 million for the three months ended March 31, 2010 versus the same prior year period. The change
is primarily due to $78.1 million of charges related to the Companys Venezuela operations (see Venezuela Operations), acquisition related transaction costs ($21.1 million), the majority of which relate to the Acquisition, and an
increase in stock-based compensation ($7.4 million).

Operating earnings for the three months ended March 31, 2010 in the Outdoor
Solutions segment increased $13.3 million, or 50.0%, versus the same prior year period primarily due to the gross margin impact of higher sales and a $9.4 million decrease in reorganization and acquisition-related integration costs, net
(collectively, reorganization costs). Operating earnings for the three months ended March 31, 2010 in the Consumer Solutions segment increased $7.2 million, or 22.5%, versus the same prior year period primarily as the result of a
decrease in reorganization costs ($2.8 million), and improved gross margins, which is primarily due to lower commodity and transportation costs, partially offset by the unfavorable impact on gross margins related to the devaluation of the Bolivar
(see Venezuela Operations). Operating earnings for the three months ended March 31, 2010 in the Branded Consumables segment increased $1.7 million, or 16.7%, versus the same prior year period primarily as the result of the gross
margin impact of an increase in sales, partially offset by an increase in SG&A ($2.0 million). Operating earnings in the Process Solutions segment for the three months ended March 31, 2010 increased $1.6 million, or 40.0%, versus the same
prior year period primarily as the result of the gross margin impact of higher sales.

For the three months ended March 31, 2010, the
Company did not incur any reorganization costs as the reorganization plans from prior periods have been completed. For the three months ended March 31, 2009, reorganization costs were $12.2 million. The majority of these charges ($9.4 million)
related to plans to rationalize the overall cost structure of the Outdoor Solutions segment. The Company also recorded reorganization costs ($2.8 million) during the three months ended March 31, 2009 within the Consumer Solutions segment for
headcount reductions related to cost reduction initiatives.

Net interest increased by $4.0 million to $40.2 million for the three months
ended March 31, 2010 versus the same prior year period due to higher levels of outstanding debt versus the same prior year period and an increase in the Companys weighted average interest rate for 2010 to 5.53% from 5.3% in 2009.

The Companys reported tax rate for the three months ended March 31, 2010 was a benefit of approximately 14.4%. The Companys
reported tax rate for the three months ended March 31, 2009 was approximately 43%. The decrease from the statutory tax rate to the reported tax rate (benefit) for the three months ended March 31, 2010 results principally from the tax
expense ($32.5 million) due to non-deductible charges primarily related to the devaluation of the Bolivar and from the translation of U.S. dollar denominated net assets in Venezuela (see Venezuela Operations), offset by the tax benefit
($18.8 million) related to the reversal of a deferred tax liability attributable to the reduction of Venezuelan earnings considered as not permanently reinvested. The increase from the statutory tax rate to the reported tax rate for the three months
ended March 31, 2009 principally results from $1.2 million of tax expense recognized on undistributed foreign income recognized for U.S. tax purposes.



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Net income (loss) for the three months ended March 31, 2010 decreased $67.9 million to ($59.0) million
versus the same prior year period. For the three months ended March 31, 2010, earnings (loss) per share was ($0.66) per diluted share versus $0.12 per diluted share for the three months ended March 31, 2009. The decrease in net income was
primarily due to the one-time, non-cash charges related to the Venezuela operations ($78.1 million), partially offset by the decrease in reorganization costs ($12.2 million) and the gross margin impact of higher sales.

LIQUIDITY AND CAPITAL RESOURCES

LIQUIDITY

The Company believes
that its cash and cash equivalents, cash generated from operations and the availability under the senior credit facility and the credit facilities of certain foreign subsidiaries as of March 31, 2010, provide sufficient liquidity to support
working capital requirements, planned capital expenditures, completion of current and future reorganization and acquisition-related integration programs, pension plan contribution requirements and debt obligations for the foreseeable future.

Cash Flows from Operating Activities

Net cash provided by (used in) operating activities was ($74.9) million and $1.4 million for the three months ended March 31, 2010 and 2009,
respectively. The change is primarily due to a higher year over year seasonal inventory build as the Company returns to growing its sales. The Companys inventory at March 31, 2009 was maintained at levels consistent with the anticipated
demand decline as a result of the global recessionary environment.

Cash Flows from Financing Activities

Net cash provided by financing activities for the three months ended March 31, 2010 was $221 million versus net cash used by financing activities of
$101 million for the same prior year period. The change is primarily due the proceeds from the issuance of long-term debt in excess of payments on long-term debt ($233 million) during 2010 and impact of the incremental net change in short-term debt
on a year-over-year basis ($105 million).

Cash Flows from Investing Activities

Net cash used in investing activities for the three months ended March 31, 2010 and 2009 was $9.3 million versus $24.8 million, respectively. For the
three months ended March 31, 2010, capital expenditures were $14.8 million versus $21.1 million for the same prior year period. The Company has historically maintained capital expenditures at less than 2% of net sales and expects that capital
expenditures for 2010 will increase to an annualized run rate of approximately 2.5% following the Acquisition.

Dividends

On March 15, 2010, the Companys Board of Directors (the Board) declared a quarterly cash dividend of $0.0825
per share of the Companys common stock, or approximately $7.4 million, payable on April 30, 2010 to stockholders of record as of the close of business on April 1, 2010. This dividend reflects a 10% increase from the Companys
most recent dividend declared on December 15, 2009. The Company anticipates a total annual dividend of $0.33 per share of common stock, which represents a 10% increase over the 2009 annualized run rate. However, the actual declaration of
any future cash dividends, and the establishment of record and payment dates, will be subject to final determination by the Board each quarter after its review of the Companys financial performance.

CAPITAL RESOURCES

At
March 31, 2010, the Company had cash and cash equivalents of $951 million. On April 1, 2010, a portion of cash on hand was used to finance the Acquisition (see Acquisitions  2010 Activity). At March 31, 2010, there
was no amount outstanding under the revolving credit portion of the Companys senior credit facility (the Facility). At March 31, 2010, net availability under the Facility was approximately $62.4 million, after deducting
approximately $37.6 million of outstanding letters of credit. The Company is required to pay commitment fees on the unused balance of the revolving credit facility. At March 31, 2010, the annual commitment fee on unused balances was 0.375%.

On January 20, 2010, the Company completed a registered public offering for $492 million aggregate principal amount
of 71/2% senior subordinated notes due 2020 and
received approximately $476 million in net proceeds. The offering consisted of two tranches: a U.S. dollar tranche with aggregate principal amount of $275 million and a Euro tranche with aggregate principal amount of 150 million or
approximately $217 million. The Company used the net proceeds to repay $250 million of the Facility term loans, with the balance



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used for general corporate purposes. Beginning in January 2015, the Company may redeem all or part of the senior subordinated notes due 2020 at specified redemption prices ranging from 100% to
103.75% of the principal amount, plus accrued and unpaid interest to the date of redemption. These notes are subject to similar restrictive and financial covenants as the Companys existing senior notes and senior subordinated notes.

The Company maintains a $250 million receivables purchase agreement (the Securitization Facility), which is subject to annual
renewal by both parties, and which bears interest at a margin over the commercial paper rate. Under the Securitization Facility, substantially all of the Companys Outdoor Solutions, Consumer Solutions and Branded Consumables domestic accounts
receivable are sold to a special purpose entity, Jarden Receivables, LLC (JRLLC), which is a wholly-owned consolidated subsidiary of the Company. JRLLC funds these purchases with borrowings under a loan agreement, secured by the accounts
receivable. There is no recourse to the Company for the unpaid portion of any loans under this loan agreement. To the extent there is availability, the Securitization Facility will be drawn upon and repaid as needed to fund general corporate
purposes. At March 31, 2010, the Securitization Facility had outstanding borrowings totaling $250 million. The borrowing rate margin is 2.25% and the unused line fee is 1.125% per annum. The Securitization Facility is subject to an annual
renewal, whose term expires in July 2010. The Company currently intends to seek renewal of this Securitization Facility; however, should it not be renewed, the Company may seek alternative financing.

Certain foreign subsidiaries of the Company maintain working capital lines of credits with their respective local financial institutions for use in
operating activities. At March 31, 2010, the aggregate amount available under these lines of credit totaled approximately $125 million.

The Company was not in default of any of its debt covenants at March 31, 2010.

In March 2010, the Board authorized a $50 million increase in the Companys existing stock repurchase program to allow the Company to repurchase an
aggregate of up to $150 million its common stock, of which approximately $52 million had been utilized at the time of this increase.

In April
2009, the Company completed an equity offering of 12 million newly-issued shares of common stock at $17.50 per share. The net proceeds to the Company, after the payment of underwriting discounts and other expenses of the offering, was
approximately $203 million.

Risk Management

Interest Rate Contracts

The
Company manages its fixed and floating rate debt mix using interest rate swaps. The Company uses fixed and floating rate swaps to alter its exposure to the impact of changing interest rates on its consolidated results of operations and future cash
outflows for interest. Floating rate swaps are used, depending on market conditions, to convert the fixed rates of long-term debt into short-term variable rates. Fixed rate swaps are used to reduce the Companys risk of the possibility of
increased interest costs. Interest rate swap contracts are therefore used by the Company to separate interest rate risk management from the debt funding decision.

Fair Values Hedges

At
March 31, 2010, the Company had $625 million of notional amount outstanding in swap agreements that exchange a fixed rate of interest for a variable interest rate (LIBOR) plus an approximate 378 basis point spread. These floating rate swaps,
which mature in 2017, are not designated as effective hedges for accounting purposes and the fair market value gains or losses are included in the results of operations.

Cash Flow Hedges

At
March 31, 2010, the Company had $650 million of notional amount outstanding in swap agreements that exchange variable interest rates (LIBOR) for fixed interest rates over the terms of the agreements and are designated as cash flow hedges of the
interest rate risk attributable to forecasted variable interest payments and have maturity dates through December 2011. The effective portion of the after tax fair value gains or losses on these swaps is included as a component of accumulated other
comprehensive income (loss) (AOCI).

At March 31, 2010, the Company had outstanding a $40 million notional amount swap
agreement that exchanges a variable interest rate (LIBOR) for a fixed rate of interest over the term of the agreement that is not designated as an effective hedge for accounting purposes and the fair market value gains or losses are included in the
results of operations and are classified in SG&A. This swap, which matures June 30, 2010, was assumed in a prior year acquisition.



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Cross-Currency Contracts

The Company uses cross-currency swaps to hedge foreign currency risk on certain U.S. dollar-based debt of foreign subsidiaries. At March 31, 2010,
the Company had a $22.6 million notional amount cross-currency swap outstanding that exchanges Canadian dollars for U.S. dollars. This swap exchanges the variable interest rate bases of the U.S. dollar balance (3-month U.S. LIBOR plus a spread of
175 basis points) and the equivalent Canadian dollar balance (3-month CAD BA plus a spread of 192 basis points). This swap is designated as fair value hedge on a U.S. dollar-based term loan of a Canadian subsidiary. Changes in the fair market value
of this cross-currency swap are recorded as an offset to the corresponding long-term debt.

Forward Foreign Currency Contracts

The Company uses forward foreign currency contracts (foreign currency contracts) to mitigate the foreign currency exchange rate
exposure on the cash flows related to forecasted inventory purchases and sales and have maturity dates through December 2011. The derivatives used to hedge these forecasted transactions that meet the criteria for hedge accounting are accounted for
as cash flow hedges. The effective portion of the gains or losses on these derivatives is deferred as a component of AOCI and is recognized in earnings at the same time that the hedged item affects earnings and is included in the same caption in the
statements of income as the underlying hedged item. At March 31, 2010, the Company had approximately $341 million notional amount of foreign currency contracts outstanding that are designated as cash flow hedges of forecasted inventory
purchases and sales.

In January 2010, the Company entered into foreign currency contracts to purchase 125 million as a hedge
against the Euro purchase price of the Acquisition. These foreign currency contracts, which matured on April 1, 2010, were not designated as effective hedges for accounting purposes and an $8.5 million fair market value loss was recognized
during the three months ended March 31, 2010 and included in the results of operations.

Aside from the foreign currency contracts
entered into as a hedge against the Euro purchase price of the Acquisition, at March 31, 2010, the Company had outstanding approximately $62.2 million notional amount of foreign currency contracts that are not designated as effective hedges for
accounting purposes and have maturity dates through August 2011. Fair market value gains or losses are included in the results of operations.

Commodity Contracts

The Company
enters into commodity-based derivatives in order to mitigate the impact that the rising price of these commodities has on the cost of certain of the Companys raw materials. These derivatives provide the Company with maximum cost certainty, and
in certain instances allow the Company to benefit should the cost of the commodity fall below certain dollar levels. At March 31, 2010, the Company had outstanding approximately $28.3 million notional amount of commodity-based derivatives that
are not designated as effective hedges for accounting purposes and have maturity dates through December 2010. Fair market value gains or losses are included in the results of operations.



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The following table presents the fair value of derivative financial instruments as of March 31, 2010:



|                                                |  |                  |       |  
|----------------------------------------------- |  | ---------------- | ----- | -
|                                                |  | March 31,2010    |      
|(in millions)                                   |  | Asset(Liability) |      
|Derivatives designated as effective hedges:     |  |                  |       |  
|Cash flow hedges:                               |  |                  |       |  
|Interest rate swaps                             |  | $                | (13.5 | )
|Foreign currency contracts                      |  |                  | (2.4  | )
|Fair value hedges:                              |  |                  |       |  
|Cross-currency swaps                            |  |                  | (3.3  | )
|                                                |  |                  |       |  
|Subtotal                                        |  |                  | (19.2 | )
|                                                |  |                  |       |  
|Derivatives not designated as effective hedges: |  |                  |       |  
|Interest rate swaps  cash flow hedges          |  |                  | (0.5  | )
|Interest rate swaps  fair value hedges         |  |                  | (13.1 | )
|Foreign currency contracts                      |  |                  | (7.9  | )
|Commodity contracts                             |  |                  | 3.0   |  
|                                                |  |                  |       |  
|Subtotal                                        |  |                  | (18.5 | )
|                                                |  |                  |       |  
|Total                                           |  | $                | (37.7 | )
|                                                |  |                  |       |  



|Item 3. | Quantitative and Qualitative Disclosures About Market Risk
|------- | ----------------------------------------------------------

Other than as discussed above, there have been no material changes from the information previously reported under Part II, Item 7A. in the
Companys Annual Report on Form 10-K for the fiscal year ended December 31, 2009.



|Item 4. | Controls and Procedures
|------- | -----------------------

As required by
Rule 13a-15(b) of the Securities and Exchange Act of 1934, as amended (the Exchange Act), the Companys management, including the Companys Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of
its disclosure controls and procedures as of the end of the period covered by this quarterly report. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that the Companys disclosure controls and
procedures (as defined in Rule 13a-15(e) under the Exchange Act) were effective as of the end of the period covered by this quarterly report.

As required by Rule 13a-15(d) under the Exchange Act, the Companys management, including the Companys Chief Executive Officer and Chief
Financial Officer, has evaluated the Companys internal control over financial reporting to determine whether any changes occurred during the quarter covered by this quarterly report that have materially affected, or are reasonably likely to
materially affect, our internal control over financial reporting. Based on that evaluation, there have been no such changes during the quarter covered by this quarterly report.



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Part II. Other Information



|Item 1. | Legal Proceedings
|------- | -----------------

The Company is
involved in various legal disputes and other legal proceedings that arise from time to time in the ordinary course of business. In addition, the Company or certain of its subsidiaries have been identified by the United States Environmental
Protection Agency (EPA) or a state environmental agency as a Potentially Responsible Party (PRP) pursuant to the federal Superfund Act and/or state Superfund laws comparable to the federal law at various sites. Based on
currently available information, the Company does not believe that the disposition of any of the legal or environmental disputes the Company or its subsidiaries are currently involved in will have a material adverse effect upon the Companys
consolidated financial condition, results of operations or cash flows. It is possible that, as additional information becomes available, the impact on the Company of an adverse determination could have a different effect.

Litigation

The Company and/or
its subsidiaries are involved in various lawsuits arising from time to time that the Company considers ordinary routine litigation incidental to its business. Amounts accrued for litigation matters represent the anticipated costs (damages and/or
settlement amounts) in connection with pending litigation and claims and related anticipated legal fees for defending such actions. The costs are accrued when it is both probable that a liability has been incurred and the amount can be reasonably
estimated. The accruals are based upon the Companys assessment, after consultation with counsel (if deemed appropriate), of probable loss based on the facts and circumstances of each case, the legal issues involved, the nature of the claim
made, the nature of the damages sought and any relevant information about the plaintiffs and other significant factors that vary by case. When it is not possible to estimate a specific expected cost to be incurred, the Company evaluates the range of
probable loss and records the minimum end of the range. The Company believes that anticipated probable costs of litigation matters have been adequately reserved to the extent determinable. Based on current information, the Company believes that the
ultimate conclusion of the various pending litigation of the Company, in the aggregate, will not have a material adverse effect on the consolidated financial position, results of operations or cash flows of the Company.

Product Liability

As a consumer
goods manufacturer and distributor, the Company and/or its subsidiaries face the risk of product liability and related lawsuits involving claims for substantial money damages, product recall actions and higher than anticipated rates of warranty
returns or other returns of goods.

The Company and/or its subsidiaries are therefore party to various personal injury and property damage
lawsuits relating to their products and incidental to its business. Annually, the Company sets its product liability insurance program which is an occurrence-based program based on the Company and its subsidiaries current and historical claims
experience and the availability and cost of insurance. The Companys product liability insurance program generally includes a self-insurance retention per occurrence.

Cumulative amounts estimated to be payable by the Company with respect to pending and potential claims for all years in which the Company is liable under
its self-insurance retention have been accrued as liabilities. Such accrued liabilities are based on estimates (which include actuarial determinations made by an independent actuarial consultant as to liability exposure, taking into account prior
experience, number of claims and other relevant factors); thus, the Companys ultimate liability may exceed or be less than the amounts accrued. The methods of making such estimates and establishing the resulting liability are reviewed on a
regular basis and any adjustments resulting therefrom are reflected in current operating results.

Based on current information, the Company
believes that the ultimate conclusion of the various pending product liability claims and lawsuits of the Company, in the aggregate, will not have a material adverse effect on the consolidated financial position, results of operations or cash flows
of the Company.



|Item 1A. | Risk Factors
|-------- | ------------

There have been no material
changes in our risk factors from those disclosed in Part I, Item 1A. of the Companys Annual Report on Form 10-K for the fiscal year ended December 31, 2009.



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|Item 6. | Exhibits
|------- | --------

The following exhibits are
filed as part of this quarterly report on Form 10-Q:



|        |  |                                                                                                                                                                                                                                                                                                                                            
|------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit |  | Description                                                                                                                                                                                                                                                                                                                                
|        | 
|3.1     |  | Restated Certificate of Incorporation of the Company (filed as Exhibit 3.1 to the Companys Annual Report on
Form 10-K, filed with the Commission on March 27, 2002, and incorporated herein by reference).                                                                                                                                
|        | 
|3.2     |  | Certificate of Amendment of the Restated Certificate of Incorporation of the Company (filed as Exhibit 3.2 to the Companys Current Report on Form 8-K, filed with the
Commission on June 4, 2002, and incorporated herein by reference).                                                                                                  
|        | 
|3.3     |  | Certificate of Amendment of the Restated Certificate of Incorporation of the Company (filed as Exhibit 3.1 to the Companys Current Report on Form 8-K, filed with the
Commission on June 15, 2005, and incorporated herein by reference).                                                                                                 
|        | 
|3.4     |  | Certificate of Designations of Series D Junior Participating Preferred Stock of the Company (filed as Exhibit 3.1 to the Companys Current Report on Form 8-K, filed with the
Commission on November 21, 2008, and incorporated herein by reference).                                                                                      
|        | 
|3.5     |  | Certificate of Elimination of the Series D Junior Participating Preferred Stock of the Company (filed as Exhibit 3.1 to the Companys Current Report on Form 8-K, filed with the
Commission on November 20, 2009, and incorporated herein by reference).                                                                                   
|        | 
|3.6     |  | Amended and Restated Bylaws of the Company (filed as Exhibit 3.1 to the Companys Current Report on Form 8-K, filed with the Commission on December 19, 2007, and incorporated
herein by reference).                                                                                                                                       
|        | 
|3.7     |  | Amendment No. 1 to the Amended and Restated Bylaws of the Company (filed as Exhibit 3.6 to the Companys Annual Report on Form 10-K, filed with the Commission on February 23,
2009, and incorporated herein by reference).                                                                                                                
|        | 
|4.1     |  | Base Indenture dated January 20, 2010 (the 2010 Indenture), between the Company and Wells Fargo Bank, National Association, as Trustee (filed as Exhibit 4.1 to the
Companys Current Report on Form 8-K, filed with the Commission on January 22, 2010, and incorporated herein by reference).                                          
|        | 
|4.2     |  | First Supplemental Indenture to the 2010 Indenture, dated January 20, 2010, among the Company, the guarantors party thereto and Wells Fargo Bank, National Association, as
Trustee (filed as Exhibit 4.2 to the Companys Current Report on Form 8-K, filed with the Commission on January 22, 2010, and incorporated herein by reference).
|        | 
|10.1   |  | Restricted Stock Agreement, dated January 5, 2010, between the Company and Martin E. Franklin (filed as Exhibit 10.1 to the Companys Current Report on Form 8-K, filed with the
Commission on January 8, 2010, and incorporated herein by reference).                                                                                     
|        | 
|10.2   |  | Restricted Stock Agreement, dated January 5, 2010, between the Company and Ian G.H. Ashken (filed as Exhibit 10.2 to the Companys Current Report on Form 8-K, filed with the
Commission on January 8, 2010, and incorporated herein by reference).                                                                                        
|        | 
|10.3   |  | Restricted Stock Agreement, dated January 5, 2010, between the Company and James E. Lillie (filed as Exhibit 10.3 to the Companys Current Report on Form 8-K, filed with the
Commission on January 8, 2010, and incorporated herein by reference).                                                                                        
|        | 
|10.4   |  | Restricted Stock Agreement, dated January 5, 2010, between the Company and Martin E. Franklin (filed as Exhibit 10.4 to the Companys Current Report on Form 8-K, filed with the
Commission on January 8, 2010, and incorporated herein by reference).                                                                                     
|        | 
|10.5   |  | Restricted Stock Agreement, dated January 5, 2010, between the Company and Ian G.H. Ashken (filed as Exhibit 10.5 to the Companys Current Report on Form 8-K, filed with the
Commission on January 8, 2010, and incorporated herein by reference).                                                                                        



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|        |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit |  | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|        | 
|10.6   |  | Restricted Stock Agreement, dated January 5, 2010, between the Company and James E. Lillie (filed as Exhibit 10.6 to the Companys Current Report on Form 8-K, filed with
the Commission on January 8, 2010, and incorporated herein by reference).                                                                                                                                                                                                                      
|        | 
|10.7    |  | Amendment No. 13 to Credit Agreement and Amendment No. 5 to Pledge and Security Agreement dated January 22, 2010, among the Company, Deutsche Bank AG New York Branch, as
administrative agent, Citicorp USA, Inc., as syndication agent, and each incremental lender identified on the signature pages thereto (filed as Exhibit 10.1 to the Companys Current Report on Form 8-K, filed with the Commission on January 22,
2010, and incorporated herein by reference).
|        | 
|10.8    |  | Consent, Agreement and Affirmation of Guaranty (filed as Exhibit 10.2 to the Companys Current Report on Form 8-K, filed with the Commission on January 22, 2010, and
incorporated herein by reference).                                                                                                                                                                                                                                                                 
|        | 
|10.9    |  | Partial Release of Collateral and Amendment No. 7 to the Amended and Restated Loan Agreement, dated as of January 26, 2010, by and among Jarden Receivables, LLC, as borrower,
Jarden Corporation, as servicer, Three Pillars Funding LLC, as lender, and SunTrust Robinson Humphrey, Inc., as administrator (filed as Exhibit 10.80 to the Companys Annual Report on Form 10-K, filed with the Commission on February 24, 2010,
and incorporated herein by reference). 
|        | 
|10.10   |  | Form of
71/2% Senior Subordinated Dollar Note Due 2020
(filed as Exhibit A to Exhibit 4.3 to the Companys Current Report on Form 8-K, filed with the Commission January 22, 2010, and incorporated herein by reference).                                                                                                                                                                                                                                                
|        | 
|10.11   |  | Form of
71/2% Senior Subordinated Euro Note Due 2020 (filed
as Exhibit A to Exhibit 4.4 to the Companys Current Report on Form 8-K, filed with the Commission January 22, 2010, and incorporated herein by reference).                                                                                                                                                                                                                                                  
|        | 
|10.12   |  | Share Purchase Agreement, dated April 1, 2010, by and among Jarden Corporation, Total S.A. and Camping Gaz (Deutschland) GmbH (filed as Exhibit 10.1 to the Companys
Current Report on Form 8-K, filed with the Commission April 7, 2010, and incorporated herein by reference).                                                                                                                                                                                        
|        | 
|*31.1   |  | Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                                                                                
|        | 
|*31.2   |  | Certification of Chief Financial Officer Pursuant to Rule 13a-14(a) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                                                                                
|        | 
|*32.1   |  | Certifications Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                                                                                                  



|* | Filed herewith.
|- | ---------------

| | This Exhibit represents a management contract or compensatory plan.
|- | -------------------------------------------------------------------



31



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##### Table of Contents

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.



Date: April 30, 2010JARDEN CORPORATION
(Registrant)By:

/S/    RICHARD T.
SANSONEName:

Richard T. SansoneTitle:

Senior Vice President and Chief Accounting Officer
(Principal Accounting Officer)




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##### Table of Contents

EXHIBIT INDEX



|      |  |                                                                                                                                          
|----- |  | -----------------------------------------------------------------------------------------------------------------------------------------
|*31.1 |  | Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|      | 
|*31.2 |  | Certification of Chief Financial Officer Pursuant to Rule 13a-14(a) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|      | 
|*32.1 |  | Certifications Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                  



|* | Filed herewith
|- | --------------