Acushnet, makers of Titleist, Footjoy, Pinnacle, Scotty Cameron and Vokey golf products, is going to be sold or spun off by by its parent, Fortune Brands, which is splitting in three. Acushnet sold its Cobra brand to Puma in March of 2010.
fortunebrands.com
With annual sales of $1.2 billion, Acushnet Company is the #1 golf company in the world. Acushnet is led by Titleist, the #1 ball in golf, and FootJoy, the #1 shoe and glove in golf. Titleist is also a leader in high-performance golf clubs, and FootJoy is growing strongly in the performance outerwear category. New-product innovations, including successive generations of the Pro V1 golf ball plus advanced technology clubs and shoes, and investments in high growth international markets, have enabled the company to outperform the market on growth and returns and position it well for substantial upside in a category with favorable long-term demographics. |
