CARLSBAD, Calif., Aug. 29, 2016 /PRNewswire/ -- Callaway Golf
Company (NYSE: ELY), an industry leader in innovative golf
equipment and technology, today announced it has entered into an
agreement to acquire Toulon Design. Based in Vista, California, Toulon Design is a premium
milled putter company specializing in performance-driven design and
exceptional customization. Sean Toulon, the company's co-founder,
is an established innovator in the golf industry with more than 30
years of experience; he will join Callaway Golf as SVP, Callaway
Golf and General Manager, Odyssey Brand. Terms of the agreement
were not disclosed.
With the acquisition of Toulon Design, Callaway strengthens its
position in the putter category, where its Odyssey brand has been
the #1 Putter in Golf® since Callaway acquired the brand in 1997.
Odyssey is also the #1 Putter across the major worldwide Tours,
with more Tour wins and major championships than any other putter
company this year.
"Sean is one of the most experienced and knowledgeable leaders
in the golf equipment industry, and we are excited to have him come
aboard to help us continue to lead the putter category with great
designs and the highest performing innovations," commented
Chip Brewer, President and Chief
Executive Officer at Callaway Golf Company. "With today's
announcement we fortify our position as the number one equipment
company in golf and add valuable experience to our leadership
team."
"We are so excited to be joining forces with Callaway and
Odyssey," said Mr. Toulon. "We have been inspired by the innovation
of these two great brands over a long period of time. But what
might be even more impressive is the engagement these great brands
have with golfers," he continued. "We have always believed
that a deep connection to the game and to those that love it is the
key to creating world class products and experiences that golfers
love. We feel like we have found the perfect home and look
forward to creating incredible products for passionate golfers for
many years to come."
For more information about Callaway Golf, please visit
www.callawaygolf.com.
About Callaway Golf
Through an unwavering
commitment to innovation, Callaway Golf Company (NYSE:ELY) creates
products designed to make every golfer a better golfer. Callaway
Golf Company manufactures and sells golf clubs and golf balls, and
sells golf accessories under the Callaway Golf® and Odyssey® brands
worldwide. For more information please visit
www.callawaygolf.com.
MEDIA CONTACT:
Scott Goryl
Callaway Golf Company
Scott.Goryl@CallawayGolf.com
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SOURCE Callaway Golf Company