Sunbeam 2009 Annual Report Download - page 6

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“We were delighted to complete the purchase of
Mapa Spontex in April 2010, our fi rst signifi cant
acquisition in more that two and a half years.“
Message to Our Shareholders
During 2009 our three primary business segments grew market share in spite of the macro
headwinds and we believe they are well positioned to grow organically in 2010. We were
particularly pleased that Jarden Consumer Solutions was able to show revenue growth for 2009,
despite sector declines. This growth was largely driven by the geographic diversifi cation of the
business and the successful introduction of new products in a variety of markets. These new
product introductions included the Mr. Coffee® Frappe, the Duo and Trio Crock-Pot®, a new
energy effi cient line of Bionaire® air purifi ers and fans and the Oster® Baby Nutrition Center
system. Jarden Outdoor Solutions fi nished the year strongly and is well positioned to grow
organically in 2010, with the last of its integration work behind it. Our continued focus on innovation
was highlighted with the launch of the fi rst ski binding designed specifi cally for women under the
Marker® brand, an updated line of Coleman® LED fl ashlights and the next generation of Penn®
fi shing reels. The highlight for Jarden Branded Consumables was the 125th anniversary celebration
for the Ball® food preservation business, culminating in over 15% organic sales growth in 2009.
During 2010, our United States Playing Card business will be celebrating the 125th anniversary of
the Bicycle® brand. Housed in its brand new state-of-the-art manufacturing facility in Kentucky
that was offi cially opened in July 2009, we are hopeful that Bicycle® will have an equally successful
anniversary year.
As we enter a new decade, I believe it is noteworthy that Jarden has been among the best
performing consumer stocks of the last decade, whether viewed over a one, fi ve or ten-year period.
In a period of economic crisis our stock rose 170 percent during 2009 and we have consistently
outperformed the majority of our small- and mid-cap consumer products peer group and the S&P
500 based on earnings growth rather than multiple expansion. Our stock price performance over
both the short- and long-term speaks volumes about not only the Company’s operating strategy
and execution, but of the investing public’s recognition of our success.
We were delighted to complete the purchase of Mapa Spontex in April 2010, our fi rst signifi cant
acquisition in more than two and a half years. The Paris-based business is a very Jardenesque
company with a portfolio of over 15 prominent international brands led by its NUK® baby care
products, Mapa® gloves and Spontex® sponges. We accomplished our stated goal of entering the
baby care category as a market leader with the acquisition of the NUK®, Tigex®, and Lillo® global
4