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Callaway Golf Diversifies Portfolio with Acquisition of Jack Wolfskin
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December 2, 2018
9:26 pm
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In keeping with their ongoing strategic transformation as a company, at the end of last week Callaway Golf announced that they had entered into an agreement to purchase Germany-based Jack Wolfskin, a premium outdoor apparel brand.

In a conference call with investors, company executives shared how the transaction, worth some (USD) $476 million, falls in line with the long-term growth profile of the company. It follows past purchases of OGIO and Travis Mathew in 2017.

After a massive turnaround for the Callaway Golf brand, the leadership has embarked on a plan to invest in core and complementary areas as part of a growth strategy. That strategy is based on what they perceive as a "significant opportunity in the Outdoor and Lifestyle categories," according to a company presentation.

"We are very excited to welcome the Jack Wolfskin brand into the Callaway portfolio," commented Chip Brewer, President and Chief Executive Officer of Callaway. "Jack Wolfskin is a premium outdoor brand with tremendous international reach, being a leading brand in the European market and having a substantial presence in China. It also helps Callaway expand its presence in the high-growth, active lifestyle category."

Mr. Brewer continued, "We are also very excited to work with Jack Wolfskin's great leadership…

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December 2, 2018
9:30 pm
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Acquisition Presentation File Callaway-Jack-Wolfskin-Presentation.pdf

Golf Geek, Golf Industry Lifer (30 seasons and counting), PGA of Canada Candidate For Membership, Titleist Certified Fitting Professional  

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