Golf Industry News - Adams

KPS Capital Partners, LP announce that, through a newly formed affiliate, it has signed a definitive agreement to acquire the TaylorMade Golf Company – including the TaylorMade, Adams and Ashworth brands (collectively, "TaylorMade") – from adidas AG for total consideration of $425 million, around half of which will be paid in cash with the remainder in a combination of secured note and contingent considerations

The inancial press reports that the German sportswear maker to divest its Taylormade-Adidas Golf, Adams and Ashworth golf brands

There is widespread speculation that Adidas is to pull out of golf with the Adams and Ashworth brands thought most likely to be offered for sale in the near future.