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
Riddell Sports Group Riddell Sports Group Riddell Sports Group is an American company specializing in sports equipment for American football. It was headquartered in Rosemont, Illinois; in 2017 the company relocated to a new facility in adjacent Des Plaines, Illinois. The company was started by John Tate Riddell. Riddell first invented the removable cleat and then went on to invent the first ever plastic suspension helmet in 1939. In 2008, Dan Arment was appointed president of Riddell. Arment previously worked as executive vice-president and general manager of mass-market business for BRG Sports, Riddell's parent company, which is owned by private equity firm Fenway