The Acushnet Company is officially out of the Fortune Brands family. The golf company has announced that its sale to a consortium led by Fila Korea and Mirae Asset Private Equity was completed on July 29. Acushnet, which owns the Titleist and FootJoy brands, will remain a standalone company and its headquarters will stay in Fairhaven, Massachusetts. Last year its sales reached $1.2 billion. In addition to Fila and Mirae, the National Pension Service of Korea is part of the new ownership group. The Korea Development Bank is providing financing for the acquisition.
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