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Article: Callaway's Top-Flite deal a boost for ball business.(Callaway Golf Co. may buy Top-Flite Golf Co.)
- Article from:
- San Diego Business Journal
- Article date:
- July 7, 2003
- Author:
CopyrightCOPYRIGHT 2003 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Already the leading maker of golf clubs in the country, Carlsbad's Callaway Golf Co. could grab the No. 2 spot in golf balls following its proposed acquisition of Top-Flite Golf Co.
The distressed sale announced last week of Massachusetts-based Top-Flite still requires approval of a federal bankruptcy court in Delaware after Top Flite filed for Chapter 11 reorganization in tandem with the sale.
"This will immediately vault Callaway into the No. 2 position in terms of the golf ball market," said Terry McAndrew, editor of a trade newsletter, Web Street Golf Report in Phoenix.
Callaway entered into a definitive agreement to purchase Top-Flite's ...