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
Oliver Farm Equipment Company companies into the Oliver Farm Equipment Company, several other corporate acquisitions were made by the new company over a period of years. The first of these post-merger acquisitions occurred a mere year later, in 1930, when the Oliver Farm Equipment Company purchased the McKenzie Manufacturing Company of La Crosse, Wisconsin. The McKenzie Manufacturing Company was a leading maker of potato planting and potato harvesting equipment. Acquisition of the "McKenzie Company" broadened the line of farm equipment offered by Oliver to include potato diggers which were then sold under the "Oliver" name. However, following the 1930 merger production of the "Oliver"