The Acushnet Company is an American company and a subsidiary of Fila Korea, Ltd. that makes golf equipment and golfing apparel.
Prior to May 2011, it was a subsidiary of the Fortune Brands Corporation. However, Fortune Brands announced on December 8, 2010, that it planned to focus on its liquor business, and would spin off or sell other parts of the company — including home furnishings and hardware, and Acushnet (which includes Titleist, FootJoy, Scotty Cameron, Knight, and other golf product brands). On May 20th, 2011 it was announced that a Korean group associated with Fila Korea, Ltd. and Mirae Asset Private Equity would purchase Acushnet for $1.23 billion in cash.
Famous quotes containing the word company:
“Men with secrets tend to be drawn to each other, not because they want to share what they know but because they need the company of the like-minded, the fellow afflicted.”
—Don Delillo (b. 1926)