The company operates a series of brands that manufacture golf equipment, clothing and accessories.
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.
[citation needed] 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, and other golf product brands).
[1][2][3] 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.
[8] On October 28, 2016, Acushnet was listed on the New York Stock Exchange via an initial public offering.
[9][10] In August 2018, Fila Korea acquired a controlling stake with the purchase of an additional 20% from several other investors, including Mirae Asset, to take their holdings to 53.1%.
It is headquartered in Fairhaven, Massachusetts alongside its Packing and Distribution Center about three miles (five kilometers) south of its original location.
1939), a Canadian craftsman who left his home country to establish in the U.S. As his attempts as a golfer failed, Vokey started manufacturing golf clubs.