Fortune Brands Sells Titleist, FootJoy in $1.225B Deal

Fortune Brands Inc. is selling its Acushnet Company golf business, which includes the Titleist and FootJoy brands, to a group of investors led by Fila Korea Ltd. and Korean buyout firm Mirae Asset Private Equity. The purchase price is $1.225 billion in cash.

20 May 2011•6 mins read
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