The parent company of TaylorMade Golf, one of Carlsbad’s largest employers, has agreed to sell the well-known golf equipment maker to South Korean private equity firm Centroid Investment Partners for an undisclosed price.
KPS Capital Partners of New York said last week that it had reached an agreement to sell TaylorMade. It acquired the company in 2017 for $425 million from shoe giant Adidas.
During its ownership, the private equity firm focused TaylorMade on its core club and ball operations — investing in equipment technologies, building new manufacturing and distribution facilities, and revamping its marketing strategy.
“Under KPS’s ownership, TaylorMade has become a far better company by investing in our operations, product technology pathways, product development processes and, importantly, in our people,” said TaylorMade Chief Executive David Abeles in a statement.
Source: The San Diego Union-Tribune
By Mike Freeman
