- Callaway Golf Company (NYSE:ELY) announced it has entered into an agreement to acquire putter specialist Toulon Design.
- Sean Toulon, the company's co-founder, will join the Callaway Golf team as SVP, Callaway Golf and General Manager, Odyssey Brand.
- The company says the acquisition of Toulon Design strengthens its position in the putter category Terms of the acquisition were not disclosed.
- The golf category has narrowed in the last few months with Nike and Adidas both pulling back a bit.
- Source: Press Release