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
All-Steel Equipment Company All-Steel Equipment Company Allsteel was founded in 1912 as Allsteelequip Company and started out manufacturing custom metal objects, especially electrical equipment. The name was changed in 1929 to All-Steel-Equip Company. In the 1920s, the company began to branch out and started producing kitchen cabinets and refrigerated food lockers. Requests for metal file cabinets were becoming common, so the company bought out a supplier, the Aurora Metal Cabinet Company, in 1936 to enter this market. After World War II, All-Steel-Equip began manufacturing desks, starting in 1947. It introduced bookcases, telephone stands and credenzas soon afterward. Also in 1947, the company's Los