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
Clayton Equipment Company Clayton Equipment Company Clayton Equipment Company Ltd, now known simply as Clayton Equipment Ltd or CEC and CEL, is a locomotive construction company that specialises in locomotives for underground mining operations. Clayton Equipment Ltd was preceded by Clayton Carriage and Wagon, a company based in Lincoln, England. As well as railway rolling stock, Clayton Carriage and Wagon also constructed motive power such as steam-powered railcars, including one of only two steam railcars to operate in New Zealand. At the start of the Great Depression, Clayton Carriage and Wagon went into receivership and its Chief Draughtsman incorporated the Clayton Equipment Company