Super Active Golfer
Posts : 2411
Join date : 2009-11-29
Location : www.HuatLeow.com
|Subject: Titleist is SOLD to FILA Fri May 27, 2011 10:41 pm|| |
OBLIGATORY LETTER FROM TITLEIST CEO
Wally Uihlein Chairman and Chief Executive Officer
May 20, 2011
To all Acushnet Company Trade Partners:
In December, 2010, we shared an announcement that our parent company, Fortune Brands, had approved a plan for the sale or tax-free spin-off of the Acushnet Company. Today, Fortune Brands announced that it has signed an agreement for the sale of Acushnet Company to a consortium led by Fila Korea Ltd., the owner of the Fila brand globally, and Mirae Asset Private Equity, the largest private equity firm in Korea, as described in the attached news releases.
As one of the largest golf equipment companies in the world, this begins a new chapter for the Acushnet Company and an opportunity to build upon the game’s longest running records of golf equipment success. Titleist and FootJoy are two of golf’s most revered and iconic golf brands delivering superior performance and quality excellence in their respective product categories.
The Fila Korea and Mirae group understand and appreciate our golf industry leadership, passionate associates and our unique and enduring culture. Acushnet’s worldwide headquarters will remain in Fairhaven, Massachusetts, and Fila Korea and Mirae have expressed their intent to keep Acushnet a standalone operation and keep the Acushnet management team in place. Together, with our new owners, we share a collective desire to continue to provide you and golfers with the best-in-class products and service that you’ve come to expect from Titleist and FootJoy.
Transition is nothing new for Acushnet Company. The Golf Division was founded in 1932. In 1935, the first Titleist golf ball was brought to market. Fortune Brands acquired Acushnet Company in 1976, and Acushnet acquired FootJoy in 1985. Titleist has been the #1 ball in golf for over 60 years and counting, and a leader in high performance clubs. FootJoy claims the #1 position in golf shoes, golf gloves and outerwear.
The Acushnet Company has long been the trusted steward of the Titleist and FootJoy brands and we remain steadfast in our mission to provide you and golfers around the globe with the highest performance and quality equipment in the game.
We greatly appreciate your loyal support of our brands, products and people, and we look forward to strengthening our partnership with you as we move forward.
Posts : 7
Join date : 2011-05-22
|Subject: Re: Titleist is SOLD to FILA Sat May 28, 2011 12:31 am|| |
Interesting. next time we may see FILA shop with Titleist next to it. Just like Adidas n Taylormade.
Posts : 44
Join date : 2011-05-15
|Subject: Re: Titleist is SOLD to FILA Sat May 28, 2011 3:35 am|| |
didnt know Titleist is originally owned by Fortune Brands.
Thought they were on their own.
|Subject: Re: Titleist is SOLD to FILA Today at 7:59 am|| |
Total Donation till date to
Autism Association (SG): S$46,285
|» Crocodile sighting in Singapore golf course|
by yogibear Yesterday at 8:37 pm
» Looking for a set of beginner golf clubs
by Chunky Munky Wed Dec 07, 2016 1:53 pm
» Golf Training In Thailand
by Royston Tue Dec 06, 2016 2:28 pm
» Apple watch
by may_dream1 Tue Dec 06, 2016 10:40 am
» It Was A Dream Come True For 20 Golfers
by tonyj50 Tue Dec 06, 2016 9:06 am
» Changing of Grip...
by jng Mon Dec 05, 2016 5:34 pm
» Saturday 3 Dec, 839 Navy, NSRCC Changi
by andrew-golf Fri Dec 02, 2016 11:29 am
» LPGA Announces 2017 Schedule. Four New Events.
by tonyj50 Thu Dec 01, 2016 7:42 am
» Morning game at Sembawang 2nd Dec
by ancient warrior Wed Nov 30, 2016 12:13 pm
» LPGA Qualifying School Tournament - Final Stage!
by tonyj50 Wed Nov 30, 2016 6:31 am
» 2 Ladies looking for 2 more kakis at Bintan on Dec 3
by dayveed Wed Nov 30, 2016 1:27 am
» Mizuno Owners Thread - Soft and Buttery
by Nealwong Wed Nov 30, 2016 12:54 am
» Citibank Prestige Card members
by TigaWood Tue Nov 29, 2016 9:56 pm
» Yamaha Classic Iron
by Yxgolfing Tue Nov 29, 2016 8:20 pm
» New member
by Yxgolfing Tue Nov 29, 2016 8:14 pm
» StarHill Country Club
by Bernie Tan Golf Coach Tue Nov 29, 2016 4:32 pm
» Club Glove - The Stiff Arm
by Nealwong Tue Nov 29, 2016 1:30 pm
» Anyone played Austin hills Cc recently?
by Nealwong Tue Nov 29, 2016 1:10 pm
» ELS Desaru Promotion Rate by me
by Prestige Teh Thu Nov 24, 2016 9:37 pm
» YouTube Golf Channel (by Yaozza)
by yaozza07 Thu Nov 24, 2016 4:46 pm
» Rating the 2016 LPGA Rookies - Final Analysis
by tonyj50 Thu Nov 24, 2016 4:45 am
» Non authetic golf pride grips
by Yxgolfing Tue Nov 22, 2016 7:23 pm
» Stats & Facts - Vol. 31.....2016 Finale. Whats Next?
by tonyj50 Tue Nov 22, 2016 5:42 am
» CME Group Tour Championship Preview, Pairings, and Lots More.
by tonyj50 Mon Nov 21, 2016 11:18 am
» Shot tracer app
by Daztasiumz Sat Nov 19, 2016 4:14 pm
» LPGA Announces New Tournament in Scotland!!
by tonyj50 Sat Nov 19, 2016 4:04 am
» Short Game Performance School @ Marina Bay GC and AimPoint Green Reading Classes @ NSRCC Changi, Singapore November 26th-27th
by SGGolfCoaching Thu Nov 17, 2016 9:13 pm
» Regular Weekend NSRCC games
by andrew-golf Thu Nov 17, 2016 3:45 pm
» Paula Creamer Parts Ways With Longtime Caddie!
by tonyj50 Thu Nov 17, 2016 8:21 am
» LPGA Announces New Tournament in New Zealand
by tonyj50 Thu Nov 17, 2016 6:48 am
» Lorena Ochoa Invitational Preview, Pairings, and Much More
by tonyj50 Mon Nov 14, 2016 8:16 am
» review on Renovated Laguna Bintan
by pocketace Sat Nov 12, 2016 10:45 pm
» Deemples - golf app to find golfers to play golf!
by dayveed Sat Nov 12, 2016 3:55 am
» Titleist 716 AP1 user please come in.
by Chunky Munky Fri Nov 11, 2016 3:59 pm
» Newbie looking for female khakis to play at Mandai executive course
by Bernie Tan Golf Coach Thu Nov 10, 2016 2:00 pm
» Beginners' game for high handicappers...
by izzx11 Wed Nov 09, 2016 2:57 pm
» Sembawang weekend golfer
by hometeamWill Wed Nov 09, 2016 12:50 pm
» Costcos Kirkland signature golf balls
by Daztasiumz Tue Nov 08, 2016 10:32 pm
» Friendship Golf on 4 Dec 2016
by desmondsoh Mon Nov 07, 2016 2:10 pm
» NSRCC Member List
by greenhacker Mon Nov 07, 2016 11:43 am
» Toto Japan Classic Preview, Pairings, and Much More.
by tonyj50 Sun Nov 06, 2016 4:50 pm
» Snell golf balls
by equin0x Sat Nov 05, 2016 6:51 pm
» SOLD : WTS Taylormade Rocketbladez Graphite 8 Irons (5-PAS) Japan Spec
by kim001 Sat Nov 05, 2016 5:09 pm
» New Guy
by hometeamWill Sat Nov 05, 2016 9:20 am
» Golfing in Johor Bahru,Malaysia
by dayveed Sat Nov 05, 2016 12:53 am