ALLTRISTA CHANGES NAME TO JARDEN CORPORATION

Rye, New York – June 3, 2002 – Alltrista Corporation (NYSE:ALC) today announced its name and symbol change to Jarden Corporation (NYSE:JAH). This new name more accurately reflects the Company's focus on the consumer products sector. The name change was approved at the Company's Annual Stockholders' Meeting held May 30, 2002. The Company will continue to trade on the New York Stock Exchange, under the new ticker symbol, JAH. Martin E. Franklin, Chairman and Chief Executive Officer commented, "The assumption of our new corporate identity, Jarden Corporation, better reflects the transformation of our business into a consumer products company. This action underscores our commitment to strengthening Jarden's niche leadership position in the food preservation category. As a strategically focused, operationally solid business, Jarden is poised for growth and positioned to continue to build stockholder value." The Company recently announced both the completion of its acquisition of Tilia, a growing marketer and distributor of home vacuum packaging systems, and a two-for-one stock split of its outstanding shares of common stock with a record date of May 20, 2002. The stock split increases the total number of shares of common stock outstanding as of the record date from 7,093,858 to 14,187,716. Jarden Corporation is a leading provider of niche consumer products used in home food preservation. Tilia's FoodSaver™ 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®, Kerr® and Bernardin® 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. Note: 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 Jarden's markets, long-term growth strategies 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 and its Form 10-Q for the quarter ended March 31, 2002.