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
National Railway Equipment Company National Railway Equipment Company National Railway Equipment Company is an American railroad equipment rebuilding, leasing, and manufacturing company, headquartered in Mt. Vernon, Illinois. NREC sells new and rebuilt locomotives to railroad companies worldwide, with an emphasis on the North American market. NRE's flagship locomotive product is dubbed the N-ViroMotive and is targeted at providing light duty road switcher engines with increased efficiency and decreased air and noise pollution. These locomotives are specifically targeted for yards and other urban environments where noise & exhaust from idling locomotives can become a nuisance. They also fill a market segment for light duty locomotives