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
Clark Equipment Company Clark Equipment Company Clark Equipment Company was an American designer, manufacturer, and seller of industrial and construction machinery and equipment. Clark's predecessor was the George R. Rich Manufacturing Company, founded in 1903 in Chicago, Illinois by executives of the Illinois Steel Company. The company moved to Buchanan, Michigan in 1904 when that city's chamber of commerce advertised a financially sound deal with respect to industrial rent and power supply. Eugene B. Clark, an Illinois Steel employee at the time, determined that the metallurgy of Rich Manufacturing's principal product, a railroad rail drill named the Celfor Drill, was faulty, and also