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Fortune Brands Reports Pact to Sell Acushnet for $1.225 Billion

Fortune Brands Reports Pact to Sell Acushnet
A Titleist golf ball is shown in this Fortune Brands Inc. photograph. Source: Fortune Brands Inc. via Bloomberg

May 20 (Bloomberg) -- Fortune Brands Inc. reported an agreement for the sale of its Acushnet Co. golf business to a group led by Fila Korea Ltd., the owner of the Fila brand globally, and Mirae Asset Private Equity. The purchase price is $1.225 billion in cash.

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To contact the editor responsible for this story: Steven Fromm at sfromm@bloomberg.net

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