Acushnet Company (which includes Titleist, FootJoy, Scotty Cameron, Knight, and other golf product brands). 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. 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
All-Steel Equipment Company in 1967, with production beginning in 1969, and it became a huge commercial success. The company restructured after the merger with B.K. Johl, and in 1973 renamed its furniture divisions All-Steel Inc. and All-Steel Canada Ltd., both of which reduced to Allsteel in 1986. Allsteel was bought and sold by a number of different holding companies and finally merged into HNI Corporation in 1998. Its archives are held by Past Present Future (a furniture restoration store) in Minneapolis. All-Steel Equipment Company Allsteel was founded in 1912 as Allsteelequip Company and started out manufacturing custom metal objects, especially electrical equipment. The