Visant Reportedly Ponders Strategic Options

ARMONK, NY—Visant Inc. could be on the block. Reuters reported a source as saying the company, held by the private equity firm of Kohlberg, Kravis and Roberts (KKR), has engaged Goldman Sachs and Credit Suisse to explore its strategic options, including a possible sale.

According to the report, KKR will also be advised as to a possible initial public offering (IPO) of its stock or a recapitalization.