shop blog

« Dustin Johnson's Winning Clubs | Back to Main | Zach Johnson's Winning Clubs »

October 13, 2008

TaylorMade to Acquire Ashworth for $72.8 million

Posted at 3:53 PM by David Dusek | Categories: Adidas, Ashworth, TaylorMade

The stock market may be more erratic than Phil Mickelson's putting, but TaylorMade-adidas Golf has decided that the time is right to make a deal. Today the company announced it is buying the Ashworth apparel company for $72.8 million, or $1.90 per share.

Ashworth is known for its classic lines for both men and women, and over the years the company has outfitted players like Fred Couples and Chris DiMarco. Ashworth was recently announced as the official outfitter of the 2009 Solheim Cup team.

Clothing by Adidas tends to focus on technologically advanced fabrics and performance, so the Ashworth brand could give TaylorMade-adidas a potent one-two punch in pro shops and golf specialty stores.

In a media release, Mark King, the president and CEO of TaylorMade-adidas Golf, said: "We are excited to bring Ashworth alongside our industry-leading TaylorMade and adidas Golf brands." According to the release, the deal should be finalized by the end of 2008.

Add your comment, speak your mind

Log in to one or more of your social networks. Click on Share to choose how your post will be shared to friends.





Subscribe To Blog Headlines

Related Links

Shop Blog Archives

To view posts from a particular day,
simply select the date below.

September 2014
Sun Mon Tue Wed Thu Fri Sat
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30

<< Previous Months


Popular Tags