Press Release
BoNY Appointed Trustee And Recordkeeper for 401k Plan by Jarden Corporation
NEW YORK, NY, September 18, 2002 -- The Bank of New York announced today that it has been appointed trustee and recordkeeper for Jarden Corporation (a k a Alltrista Corporation), a food preservation products and branded kitchen consumables company.
Robert Goldstein, senior vice president and head of The Bank of New York's Employee Investment Plans Division, said, "We are very pleased to have been appointed trustee and recordkeeper for Jarden's 401k savings and retirement plan, which consists of 899 participants and $32MM in plan assets. We look forward to being a part of Jarden's continued growth and to providing quality recordkeeping services."
Jarden Corporation is a provider of niche consumer products used in home food preservation. Tilia's FoodSaverŽ line provides home vacuum packaging systems and accessories in the U.S. market. Alltrista Consumer Products is a North American manufacturer, distributor and marketer of home canning and related products, primarily under the BallŽ, KerrŽ and BernardinŽ brands. The company also operates a materials-based group, which is a domestic producer of zinc strip and manufactures injection molded and industrial plastics.
The Bank of New York, founded in 1784 by Alexander Hamilton, is the nation's oldest bank and is the principal subsidiary of The Bank of New York Company, Inc. (NYSE: BK - News), a financial holding company. With over $80 billion in total assets as of June 30, 2002, the Company provides a complete range of banking and other financial services to corporations and individuals worldwide through its basic businesses, namely, Securities Servicing and Global Payment Services, Corporate Banking, BNY Asset Management and Private Client Services, Retail Banking, and Global Market Services. Additional information on the Company is available at www.bankofny.com.
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