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
Dynamit Nobel the Versailles treaty, companies were forbidden to manufacture defense equipment. As from then, the company manufactured mostly explosives destined to mines, detonators, ignition systems as well as ammunitions for hunting and sports. The end of the production of the highly profitable defense equipment caused the company to suffer from heavy financial losses. This caused the company to close down some factories while reducing the production capacities in others. In 1923, the company launched the manufacture of plastic parts made of nitrocellulose. Indeed, Dynamit Nobel aimed at reducing its dependence to the defense equipment in order to give more importance to