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Golf Industry News - Fortune Brands

The sale from Fortune Brands, Inc. to a consortium led by Fila Korea, Ltd. and Mirae Asset Private Equity has been completed

Agreement reached for world's leading golf equipment company to be purchased from Fortune Brands by group led by Fila Korea Ltd. and Mirae Asset Private Equity. The purchase price is $1.225 billion.

Acushnet Co., the golf-products division of Fortune Brands Inc., said that in the last three months operating income declined by 2.5% to $43.3 million from $44.4 million a year earlier.