ALLTRISTA CLOSES ACQUISITION OF TILIA;
                     PLANS NAME CHANGE TO JARDEN CORPORATION

  ~ STRENGTHENS ALLTRISTA'S LEADING POSITION IN HOME FOOD PRESERVATION MARKET ~
                   ~ TRANSACTION TO BE ACCRETIVE IMMEDIATELY ~

RYE, NEW YORK - APRIL 24, 2002 - ALLTRISTA CORPORATION (NYSE:ALC) today
announced it has completed its acquisition of the business of Tilia
International, Inc for $160 million. The acquisition of San Francisco-based
Tilia will more than double Alltrista's consumer products revenue, consistent
with Alltrista's strategic focus on food preservation products and branded
kitchen consumables.

In conjunction with the acquisition, Alltrista also announced that it is seeking
shareholder approval at its annual meeting scheduled for May 30, 2002 to change
its name to Jarden Corporation in order to more effectively convey its new
business strategy. Upon approval, the stock will trade on the New York Stock
Exchange under the new symbol JAH.

Martin E. Franklin, Chairman and Chief Executive Officer, said, "The acquisition
of Tilia is a major strategic step in our plan to pursue growth in food
preservation and branded kitchen consumer products. As a result of the
transaction, more than 70% of our total revenue will be derived from our
consumer products business. Our decision to pursue a new corporate identity as
Jarden Corporation also reflects our strategic focus and business mix. At the
same time, we intend to maintain our materials-based business, as this segment
is operated by a strong management team and generates consistent cash flow for
our company."

Based in San Francisco, Tilia is a developer and distributor of home food
preservation products including FoodSaver(R), the industry's leading line of
home vacuum packaging systems. Tilia will operate as a wholly owned subsidiary
of Alltrista.

The Tilia acquisition was financed by a $150 million offering of senior
subordinated notes in a private placement pursuant to Rule 144A and refinancing
of its existing indebtedness with a new $100 million senior secured credit
facility.

Mr. Franklin stated, "Tilia has built the leading position in home vacuum
packaging systems, one of the fastest-growing categories in the $5.1 billion
market for small electric kitchen appliances. In 2001, sales of its FoodSaver(R)
system grew 39% over the previous year. Tilia has a well-established brand,
niche market leadership, a reputation for quality, strong relationships with
leading retailers and a broad and growing product line. In 2000, Tilia was
recognized as one of the fastest-growing companies by Inc. magazine. We are
already beginning to pursue opportunities to leverage each company's
complementary strengths. These include Tilia's expertise in sales and marketing
and Alltrista's logistics capabilities and distribution channels."



ALLTRISTA CLOSES ACQUISITION  OF TILIA                                    PAGE 2


Mr. Franklin continued, "While creating a dynamic, entrepreneurial company,
Tilia has managed its business with discipline, which is evident in the
company's strong operating profitability. We are delighted to welcome Linda
Graebner and her team, and look forward to working with them to maximize the
growth potential of Tilia and the FoodSaver(R) brand."

Linda S. Graebner commented, "We are very excited about joining Alltrista, a
company with extensive food preservation experience, substantial resources and a
commitment to building and supporting brands. Access to Alltrista's additional
distribution channels and established customer relationships will help us
realize the tremendous growth potential of our company."

Mr. Franklin concluded, "This transaction also provides a number of important
financial benefits. We anticipate the acquisition to be accretive to earnings
per share immediately. Like Alltrista's core home canning products, Tilia has an
operating model with a razor/razor blade component. Sales of replacement bags
for vacuum packaging systems represent approximately 22% of total sales. In
addition, Tilia's sales are historically highest in the fourth quarter, which
will enable Alltrista to reduce the seasonality of its revenue streams, which
have traditionally been strongest in the second and third quarters."

Alltrista Corporation is a leading provider of niche consumer products used in
home food preservation. Tilia's FoodSaver(R) line is the U.S. market leader in
home vacuum packaging systems and accessories. Alltrista Consumer Products is
the leading North American manufacturer, distributor and marketer of home
canning and related products, primarily under the Ball(R), Kerr(R) and
Bernardin(R) brands. The Company also operates a materials based group, which is
the country's largest producer of zinc strip and manufactures injection molded
and industrial plastics.

This news release contains "forward-looking statements" within the meaning of
the federal securities laws and is intended to qualify for the Safe Harbor from
liability established by the Private Securities Litigation Reform Act of 1995,
including statements regarding the outlook for Alltrista's markets and the
demand for its products. These projections and statements are based on
management's estimates and assumptions with respect to future events and
financial performance and are believed to be reasonable, though are inherently
uncertain and difficult to predict. Actual results could differ materially from
those projected as a result of certain factors. A discussion of factors that
could cause results to vary are included in the Company's periodic reports filed
with the Securities and Exchange Commission, including its Form 10-K for the
fiscal year ended December 31, 2001.

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