FootJoy
 |
|
| Industry | Golf |
|---|---|
| Founder | Philip E. Young |
| Headquarters | New Bedford, MA, U.S. |
| Products | golf equipment and golfing clothing |
| Owner | Fila Korea, Ltd. |
|
Number of employees
|
~3000 |
| Website | www.acushnet.com |
The Acushnet Company is an American company and a subsidiary of Fila Korea, Ltd. that makes golf equipment and clothing.
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 20, 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.
Founded in Acushnet, Massachusetts by Philip E. "Skipper" Young in 1910, the Acushnet Process Company focused on deresinating latex and supplying rubber to industry, and over time began to make their own rubber-based products including water bottles and bathing caps. Eventually, Acushnet Process became a manufacturer of golf equipment, principally, golf balls.
In 1932, the company sectioned into two divisions: Rubber and Golf, both of which became quite successful. The Rubber division was sold in 1985.
In 1935, the Golf division produced the Titleist golf ball, which has consistently been the company's most successful product.
In 1976, the company was purchased by American Brands (now known as Fortune Brands).
In 1985, Fortune sold off the Acushnet Company's Acushnet Rubber division, which was Acushnet's original business (circa early 1900s).
On December 8, 2010, Fortune Brands announced its intent to sell or spin off Acushnet and some other businesses.
Acushnet employs roughly 3000 people in Massachusetts, making it one of the largest employers in the region. It is headquartered in Fairhaven, Massachusetts alongside its Packing and Distribution Center about three miles (five kilometres) south of its original location.
They also have two golf ball manufacturing plants and an R&D Technology Center located in the New Bedford Industrial Park, as well as a Custom Golf Ball plant located in New Bedford.
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Wikipedia