Callaway seals deal for Jack Wolfskin - sportstextiles: Lea SportsTextiles

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Callaway seals deal for Jack Wolfskin

07/01/2019
Callaway Golf Company has completed its acquisition of German outdoor brand Jack Wolfskin. The value of the transaction is €418 million ($476 million), subject to a working capital adjustment.

The move is part of Callaway’s push into the active lifestyle category. It follows the acquisitions of apparel brand TravisMathew and backpack and luggage specialist Ogio.

Following the acquisition, Jack Wolfskin will continue to have its headquarters in Idstein, Germany.
 
Chip Brewer, president and CEO of Callaway, has expressed his belief that Jack Wolfskin “fits extremely well” with the brands already in its portfolio. “Jack Wolfskin provides an innovative product offering with long-term synergies to the existing soft goods portfolio,” he added. 

Related stories:

Jack Wolfskin helps Callaway to strong first half 12/08/2019
Callaway takes control of Japanese joint venture 04/06/2019
Callaway Golf to acquire Jack Wolfskin 03/12/2018
Jack Wolfskin claims a first with 100% recycled jackets, including membrane 09/03/2018
Callaway launches graphene-enhanced golf balls 30/01/2018
Acquisition brings apparel to the fore for Callaway 23/08/2017
Callaway Golf returns to profitability after six years of losses 03/02/2015
Callaway, Puma and Mizuno gear up for expanded golf show 22/08/2014

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