Eco Products parent company sells for $1.35 billion

The Waddington Group, parent company of Boulder-based Eco Products, is being sold by Connecticut private equity firm Olympus Partners for $1.35 billion to Florida-based consumer products company Jarden Corp.

Olympus officials announced the deal Wednesday.

Eco Products, founded in 1990 by Kent and Steve Savage, makes disposable items such as cups, bowls and eating utensils that are made from recycled cardboard and plastics and plant-based materials.

Waddington purchased Eco Products for an undisclosed sum in 2012, shortly after Olympus acquired Waddington. Waddington operates four main divisions: U.S.-based WNA, Canada-based PolarPak, United Kingdom-based Waddington Europe, and Eco Products.

Jarden (