Ashworth + Adidas
Carlsbad based golf apparel and hardgoods maker Ashworth Inc. struck a deal with TaylorMade-Adidas Golf, a segment of German footwear giant Adidas Group, which will acquire the golf company for $72.8 million. “The Ashworth brand fits perfectly into TaylorMade-Adidas Golf’s lineup of brands, and together we will be able to increase efficiency and drive the golf-apparel business going forward, leveraging a broad set of resources,” said Allan Fletcher, Ashworth chief executive officer, in a statement. Ashworth’s board of directors has already approved the transaction, as has Ashworth’s largest shareholder, the Knightspoint Partners group, whose members collectively own more than 16 percent of Ashworth’s outstanding shares.
