Acushnet Company
Overview
Fortune Brands
Fortune Brands was a holding company founded in 1969 as American Brands and later renamed in 1997 and split apart in 2011. The corporate headquarters was in Deerfield, Illinois in the United States. The company historically had a significant diversity of product offerings...
Corporation that makes golf equipment and golfing apparel.
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
Titleist
Titleist is a brand name owned by Fila for golf equipment and apparel products produced by its subsidiary called the Acushnet Company, which is headquartered in Fairhaven, Massachusetts....
, 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.
Fila (company)
Fila is one of the world's largest sportswear manufacturing companies. Founded in 1911 in Italy, Fila has been owned and operated from South Korea since a takeover in 2007. Headed by chairman and CEO Yoon-Soo Yoon, Fila now has offices in 11 countries worldwide....
and Mirae Asset Private Equity
Mirae Asset
Mirae Asset Financial GroupMirae Asset Financial Group is a leading independent financial services group in Asia, headquartered in Seoul, South Korea. While the group’s core business is asset management, it also provides comprehensive financial services in the areas of wealth management and life...
would purchase Acushnet for $1.23 billion in cash.
Founded in Acushnet, Massachusetts
Acushnet, Massachusetts
Acushnet is a town in Bristol County, Massachusetts, United States. The population was 10,303 at the 2010 census.- History :Acushnet was first settled in 1659. It has been included as a part of three separate towns throughout its history. It was formerly the northeastern section of the town of...
by Philip E.
