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
Miracle Recreation Equipment Company manufacture playgrounds and sets for the fast food industry. Miracle purchased the Setmaker Company in California, and with the help of Claude’s son, Paul Ahrens, creating playground designs for fast food giant McDonald's. Miracle had installed play equipment at over 500 McDonald’s throughout the USA. Together, Paul and Claude developed over 16 patents for their designs. Paul Ahrens became president of Miracle in 1972, the same year the company sold 30% of its shares to the public. After facing labor struggles in the 1980s, the company began moving some operations to factories outside of Grinnell, Iowa. Paul announced plans in