Visant 8-K Completion of Acquisition or Disposition of Assets

Exhibit 99.1

Visant Corporation and Subsidiaries

Unaudited Pro Forma Financial Information

On August 14, 2015, Visant Corporation (“Visant”, and together with its consolidated subsidiaries, the “Company”) completed the sale of substantially all of the assets of its Phoenix Color Corporation subsidiary to ALJ Regional Holdings Inc. for a total purchase price of approximately $90.0 million less costs and certain post-closing adjustments.

The following unaudited pro forma consolidated financial statements of the Company as of and for the six months ended July 4, 2015, and for each of the fiscal years ended January 3, 2015, December 28, 2013 and December 29, 2012, respectively, give effect to the Transaction. The Unaudited Pro Forma Condensed Consolidated Balance Sheet assumes the Transaction occurred on July 4, 2015. The Unaudited Pro Forma Condensed Combined Statements of Operations for the six months ended July 4, 2015, and each of the fiscal years ended January 3, 2015, December 28, 2013 and December 29, 2012, respectively, assume the Transaction occurred on the first day of the earliest fiscal period presented (January 1, 2012) and carried through all periods presented.

The unaudited pro forma consolidated financial statements are derived from the historical consolidated financial statements of the Company. Adjustments are included to the extent they are directly attributable to the Transaction, factually supportable and, with respect to the Unaudited Pro Forma Condensed Combined Statements of Operations, expected to have a continuing impact on the Company’s operating results.

The adjustments reflected are based on currently available information and certain preliminary estimates and assumptions and, therefore, the actual effects of the Transactions, including any related tax impact, may differ from the effects reflected in the unaudited pro forma consolidated financial statements.

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VISANT CORPORATION AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET

As of July 4, 2015

In thousands, except share amounts	As Reported			Sale Transaction [a]			Pro Forma
ASSETS
Cash and cash equivalents	$	53,512		$	63		$	53,575
Accounts receivable, net		71,963			(8,951	)		63,012
Inventories		57,965			(3,408	)		54,557
Salespersons overdrafts, net of allowance of $8,224		10,199			—			10,199
Prepaid expenses and other current assets		13,348			(679	)		12,669
Income tax receivable		4,271			—			4,271
Deferred income taxes		19,625			(352	)		19,273
Current assets of discontinued operations		1,795			—			1,795
Total current assets		232,678			(13,327	)		219,351
Property, plant and equipment		400,467			(69,269	)		331,198
Less accumulated depreciation		(281,707	)		42,407			(239,300	)
Property, plant and equipment, net		118,760			(26,862	)		91,898
Goodwill		695,464			(3,745	)		691,719
Intangibles, net		332,943			(80,659	)		252,284
Deferred financing costs, net		22,005			—			22,005
Deferred income taxes		1,915			—			1,915
Other assets		45,293			(997	)		44,296
Total assets	$	1,449,058		$	(125,590	)	$	1,323,468
LIABILITIES AND STOCKHOLDER’S DEFICIT
Accounts payable	$	26,488		$	(1,951	)	$	24,537
Accrued employee compensation and related taxes		19,202			(1,142	)		18,060
Commissions payable		25,657			(66	)		25,591
Customer deposits & deferred revenue		65,624			(28	)		65,596
Income taxes payable		21,921			(35	)		21,886
Current portion of long-term debt and capital leases		8,872			(406	)		8,466
Interest payable		19,999			—			19,999
Other accrued liabilities		24,611			(1,168	)		23,443
Current liabilities of discontinued operations		6,842			—			6,842
Total current liabilities		219,216			(4,796	)		214,420
Long-term debt and capital leases - less current maturities		1,486,226			(84,021	)		1,402,205
Deferred income taxes		105,558			(29,667	)		75,891
Pension liabilities, net		88,606			—			88,606
Other noncurrent liabilities		27,445			—			27,445
Total liabilities		1,927,051			(118,484	)		1,808,567
Preferred stock $.01 par value; authorized 300,000 shares; none issued and outstanding at July 4, 2015		—			—			—
Common stock $.01 par value; authorized 1,000 shares; 1,000 shares issued and outstanding at July 4, 2015		—			—			—
Additional paid-in-capital		61,703			—			61,703
Accumulated deficit		(466,228	)		(7,106	)		(473,334	)
Accumulated other comprehensive loss		(73,468	)		—			(73,468	)
Total stockholder’s deficit		(477,993	)		(7,106	)		(485,099	)
Total liabilities and stockholder’s deficit	$	1,449,058		$	(125,590	)	$	1,323,468

See Notes to Unaudited Pro Forma Condensed Combined Financial Information.

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VISANT CORPORATION AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENTS OF OPERATIONS

For the Six Months Ended July 4, 2015

In thousands	As Reported			Sale Transaction [a]			Pro Forma
Net sales	$	549,979		$	(42,051	)	$	507,928
Cost of products sold		208,681			(28,109	)		180,572
Gross profit		341,298			(13,942	)		327,356
Selling and administrative expenses		179,194			(9,649	)		169,545
(Gain) loss on disposal of fixed assets		(341	)		410			69
Special charges		56,053			(53,752	)		2,301
Operating income		106,392			49,049			155,441
Interest expense, net		70,460			(3,136	)		67,324
Equity in income of affiliate		(4,669	)		—			(4,669	)
Income before income taxes		40,601			52,185			92,786
Provision for income taxes		33,134			(2,888	)		30,246
Income from continuing operations		7,467			55,073			62,540

See Notes to Unaudited Pro Forma Condensed Combined Financial Information.

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VISANT CORPORATION AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENTS OF OPERATIONS

For the Year Ended January 3, 2015

In thousands	As Reported			Sale Transaction [a]			Pro Forma
Net sales	$	831,770		$	(91,176	)	$	740,594
Cost of products sold		340,007			(62,336	)		277,671
Gross profit		491,763			(28,840	)		462,923
Selling and administrative expenses		326,808			(19,508	)		307,300
Gain on disposal of fixed assets		(679	)		403			(276	)
Special charges		16,001			(56	)		15,945
Operating income		149,633			(9,679	)		139,954
Interest income		(9	)		—			(9	)
Interest expense		154,114			(5,495	)		148,619
Loss on repurchase and redemption of debt		26,593			—			26,593
Loss before income taxes		(31,065	)		(4,184	)		(35,249	)
Benefit from income taxes		(19,638	)		(1,364	)		(21,002	)
Loss from continuing operations		(11,427	)		(2,820	)		(14,247	)

See Notes to Unaudited Pro Forma Condensed Combined Financial Information.

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VISANT CORPORATION AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENTS OF OPERATIONS

For the Year Ended December 28, 2013

In thousands	As Reported			Sale Transaction [a]			Pro Forma
Net sales	$	854,007		$	(91,315	)	$	762,692
Cost of products sold		351,315			(61,768	)		289,547
Gross profit		502,692			(29,547	)		473,145
Selling and administrative expenses		349,694			(20,841	)		328,853
Gain on disposal of fixed assets		(858	)		84			(774	)
Special charges		20,236			(8,270	)		11,966
Operating income		133,620			(520	)		133,100
Interest income		(11	)		—			(11	)
Interest expense		155,012			(4,787	)		150,225
Loss before income taxes		(21,381	)		4,267			(17,114	)
Benefit from income taxes		(6,434	)		2,042			(4,392	)
Loss from continuing operations		(14,947	)		2,225			(12,722	)

See Notes to Unaudited Pro Forma Condensed Combined Financial Information.

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VISANT CORPORATION AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENTS OF OPERATIONS

For the Year Ended December 29, 2012

In thousands	As Reported			Sale Transaction [a]			Pro Forma
Net sales	$	885,859		$	(94,788	)	$	791,071
Cost of products sold		369,103			(64,264	)		304,839
Gross profit		516,756			(30,524	)		486,232
Selling and administrative expenses		373,653			(23,045	)		350,608
Gain on disposal of fixed assets		(1,713	)		315			(1,398	)
Special charges		47,909			(29,980	)		17,929
Operating income		96,907			22,186			119,093
Interest income		(48	)		—			(48	)
Interest expense		158,717			(4,812	)		153,905
Gain on repurchase and redemption of debt		(947	)		—			(947	)
Loss before income taxes		(60,815	)		26,998			(33,817	)
Benefit from income taxes		(8,131	)		(61	)		(8,192	)
Loss from continuing operations		(52,684	)		27,059			(25,625	)

See Notes to Unaudited Pro Forma Condensed Combined Financial Information.

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Visant Corporation and Subsidiaries

Notes to Unaudited Pro Forma Condensed Combined Financial Information

The following notes (the “Notes”) are made part of the Unaudited Pro Forma Condensed Consolidated Balance Sheet:

[a] Reflects adjustments to the Company’s historical account balances as if the Sale Transaction had occurred on July 4, 2015, including the receipt of $90 million of cash proceeds less costs and certain post-closing adjustments. Also includes adjustments as if the pay-down of certain external indebtedness had occurred as of July 4, 2015, with the net proceeds from the Phoenix Transaction.

The following notes (the “Notes”) are made part of the Unaudited Pro Forma Condensed Combined Statements of Operations:

[a] Represents adjustments to the Company’s historical account balances as if the Phoenix Transaction had occurred on the first day of the earliest fiscal period presented (January 1, 2012) and carried through all periods presented. Such adjustments therefore include costs incurred associated with the Transaction and application of the proceeds from the Transaction as if pay-down of certain external indebtedness had occurred as of January 1, 2012.

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