Click for Titleist images
The largest Korean equity firm Fila Korea Ltd. and Mirae Asset Private Equity has agreed to by Acushnet, parent company of Titleist, FootJoy and Pinnacle for roughly $1.3 billion.
“The Fila Korea and Mirae group understands and appreciates our golf industry leadership, passionate associates, and unique and enduring culture. Together, with our new owners, our team is looking forward to strengthening and building upon the global success of the Titleist and FootJoy brands.” ~Acushnet CEO Wally Uihlein
No major changes to Acushnet’s management team are expect currently and its worldwide headquarters in Fairhaven, Massachusetts should remain just that.
“The acquisition of Acushnet transforms our platform with a stable of premier world class brands. We are equally excited to embrace Acushnet’s exceptional management team led by Wally Uihlein. With our extensive knowledge and reach in Asia, we believe that the Acushnet brands have incredible new opportunities for growth in the emerging markets in Asia.” ~Gene Yoon, Chairman and Chief Executive Officer, Fila Korea, Ltd.
Back on December 8th I started up a petition to have HOG users chip in and buy Acushnet. Apparently the $19.60 we scraped up wasn’t quite enough. Maybe next time.
I have a bunch of pictures, data, video and numbers to crunch following my first visit to the local TaylorMade Performance Lab here at South Mountain Golf Club today. The session was amazing and my host Mike Lewis was very good at is cool gig.
The wildest part of the session was dawning the reflector suit with 26 sensors, which then feeds data to the system and show you every possible number and 3D rendering of your swing.
The 26 sensors on my body and club translate to the 3D image of me on the screen in the background. VERY COOL. Click for more images.
The system did in fact confirm that I have a granny move at the top, but my impact positions and sides pin numbers are some of many great specs which show I can hit the ball straight.
It will certainly take a bit to crunch everything into an official review, but I wanted to give a shout out to Mike and the local TMPL for hosting me. It was an awesome experience.
Tomorrow I’m going to be doing my first TaylorMade Performance Lab session. A new “TMPL” has opened here in Utah at South Mountain Golf Course. These labs are very high tech and they do all sorts of cool swing analysis and club fitting.
My soon to be golf doc Mike Lewis will be diagnosing the “granny over the top across the line dual chicken wing lateral sway epileptic seizure early release inside out club face open” swing. Can’t wait to see that swing in 3D. It might break their system.
Stay tuned for a full report and photos, especially of the granny swing.
Nike 20XI-X golf ball - click to read my review
The new Nike 20XI series golf balls should be available today in your local golf shop. There are two models in this series, the 20XI-X and 20XI-S. The 20XI-X is the distance ball and the 20XI-S is the spin ball.
Be sure to check out my Nike 20XI-X golf ball review if you aren’t sure which one is right for your game.
The Callaway vs Acushnet (parent company of Titleist) patent case has been going on now for about five years. It has been like a boxing match with each heavyweight fighter seemingly getting knocked out, only to gain consciousness at the last second and deliver a near-knockout blow of their own.
Callaway scored a big victory in 2007, forcing Acushnet to stop selling the current revision of the ProV1, though that took nearly two years to happen. Acushnet was forced to change the golf balls at that time. I remember those few months when my buddies were stocking up on ProV1’s, just in case the new versions weren’t as good. Acushnet later won an appeal on that ruling, and the court game was back on.
This past time around, Acushnet won as the judge upheld a jury verdict from March 2010, determining that the four patents in dispute were invalid. Callaway was denied a request for a new trial. Callaway has the option to appeal, but apparently will start a new suit for alleged infringement of other patents.
Acushnet’s Press Release Below – Click read more if you can’t see it