Jarden Corp., the sprawling consumer-goods company whose products range from K2 skis to Yankee Candle, is buying Waddington Group Inc. for about $1.35 billion to add disposable cups, plates and plastic utensils.

Jarden agreed on terms with Olympus Partners, the private- equity owner of Waddington, according to a statement on Monday. Jarden plans to finance the deal through a combination of cash, common equity, and a mix of bank debt and bonds, and the transaction is slated to close in the third quarter.

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