Preview - Please log in to view full article.

Article Date: January 2017
Word Count: 214

Callaway Adds Accessories Brand with OGIO Acquisition


The $75.5 million all-cash deal for the bag and accessories maker looks to be just the first for ELY as it seeks to grow through acquisitions in a stagnant golf market. Callaway said it is looking for opportunistic buys as well as new ventures, in the golf industry or a tangential business, which will be accretive to earnings. ELY generated $31 million in net cash in 2015, $37 million the year before, and as of Sep. 30, 2016 it had $125 million of cash and equivalents in its war chest and $222 million in total available liquidity.

 

Ogio fits the target ... Log in to view full article.

 


Already a subscriber?

User Name:  

Password:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.