Acushnet Holdings
#3098
Rank
$4.09B
Marketcap
United States
Country
Mr. David E. Maher (Pres, CEO & Director)
Mr. Thomas Pacheco (Exec. VP, CFO & Chief Accounting Officer)
Ms. Mary Louise Bohn (Pres of Titleist Golf Balls)
Summary
History
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. Three years later, 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 . In 1995, Fortune sold off the Acushnet Company's Acushnet Rubber division, which was Acushnet's original business .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 . 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. The deal was completed on July 29, 2011.On October 28, 2016, Acushnet was listed on the New York Stock Exchange via an initial public offering. 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%.
Mission
Vision
Key Team
Mr. Steven Pelisek (Pres of Titleist Golf Clubs)
Mr. Christopher Aaron Lindner (Pres of FootJoy)
Mr. Roger Czuchra (Chief Technology & Digital Officer)
Mr. Roland A. Giroux (Exec. VP, Chief Legal Officer & Corp. Sec.)
Mr. Brendan J. Reidy (Exec. VP & Chief People Officer)
Mr. John Duke Jr. (Pres of Titleist Golf Gear)
Timo Regier (Managing Director of KJUS European Operations)
Recognition and Awards
References
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Mr. David E. Maher (Pres, CEO & Director)
Mr. Thomas Pacheco (Exec. VP, CFO & Chief Accounting Officer)
Ms. Mary Louise Bohn (Pres of Titleist Golf Balls)