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Article: Callaway buys Odyssey Sports, Inc. for $130M. (Callaway Golf Co.)
- Article from:
- San Diego Business Journal
- Article date:
- July 28, 1997
- Author:
CopyrightCOPYRIGHT 1997 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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Callaway Golf Co. had a club missing in its golf bag. Not anymore.
The Carlsbad golf giant announced last week it would purchase neighbor Odyssey Sports, Inc. In the $130 million deal, Callaway will add Odyssey's top-selling putters to its line of Big Bertha metal woods and irons.
The agreement is expected to become final by the end of next month.
Operations at Odyssey, which recently opened a manufacturing plant in Carlsbad, are expected to stay the same.
"Odyssey has been very successful so we don't see any reason why we would want to make any changes in their operations," said Ely Callaway, chairman and founder of Callaway.
Odyssey's ...