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Acushnet Holdings history
Acushnet Holdings company history timeline
Philip E. Young also owned a pioneering rubber business, started in Acushnet, Massachusetts in 1910.
Acushnet was founded in 1910 by a graduate of the Massachusetts Institute of Technology, Phillip W. "Skipper" Young, along with two college friends.
By the end of World War I, in 1918, Acushnet was the world's largest supplier of reclaimed uncured rubber.
In 1930, Phillip Young perfected a machine that wrapped the rubber string around the core perfectly every time.
Needing a way to validate performance and quality excellence, Titleist debuted the Acushnet Golf Ball Demonstration Machine in 1936.
In 1948, the company introduced what it called "dynamite thread," which along with other refinements resulted in increased yardage.
Titleist solidified its position as the #1 ball in golf by winning the ball count for the first time at the 1949 United States Open at Medinah CC.
Field and Flint was acquired by the Stone and Tarlow families in 1957.
In 1962, Acushnet developed its first golf clubs to complement its best-selling golf balls.
1968: Acushnet Company name is adopted.
The company also moved beyond golf balls when in 1962 it acquired John Reuter Jr., Inc., maker of the popular Bulls Eye putter. It was also during this period, in 1968, that the company changed its name from Acushnet Process Company to Acushnet Company, Inc.
In 1969, Acushnet added other golf clubs as well as golf bags to its product line by acquiring Golfcraft Inc.
Later, it developed the first full sets of oversized irons. It was launched in 1973 by Thomas Crow, a former Australian Amateur Champion who also had 20 years of experience in golf club design working at Melbourne-based Precision Golf.
The initial dispute involved Spalding's 1974 patent for a sodium and zinc golf ball cover called Surlyn.
Acushnet became involved in golf carts in 1975 by acquiring Shelford Group of England.
In 1975, a controlling interest in the business passed to General Mills, Inc., which two years later bought the rest of the company.
In 1983, Acushnet reached an agreement with Tokyo rubber company to distribute Titleist golf balls in Japan.
In 1985, Acushnet welcomed the legacy Massachusetts apparel maker FootJoy into its corporate tent.
Finally, in November 1990, the two companies settled their differences, agreeing to a cross-licensing of patents.
Acushnet Foot-Joy Thailand Ltd. was launched in 1990 to manufacture Foot-Joy golf gloves.
1994: The company's Rubber division is sold off.
First Tour Win Using Titleist Pro V1 Comes From Andrade Schwab at the Invensys Classic in 2000, image: titleist.com
In 2000, Acushnet did away with the two division format, opting instead to do business as a single entity, Acushnet Company, featuring its three premiere brands.
Ltd. launched operations in Singapore and Malaysia in 2002.
2002: Acushnet reaches the $1 billion mark in annual revenues.
But Callaway again sued in 2007 for patent infringement and forced Acushnet to recall its V1 line of golf balls.
by Brad Pecot · Published June 15, 2015
by Brad Pecot · Published March 24, 2016
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Acushnet Holdings competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| The Rogers Company | 1945 | $830.1M | 26,000 | 286 |
| Panasonic | 1959 | $62.1B | 271,869 | 291 |
| Callaway Golf | 1982 | $4.0B | 2,400 | 12 |
| Optima Graphics | 1987 | $43.5M | 200 | - |
| Creative Labs | 1981 | $1.1B | 3,000 | 12 |
| The Label Company | 1999 | $1.8M | 25 | - |
| Image Solutions | 1997 | $17.0M | 20 | 1 |
| Bigston | 1972 | $30.0M | 200 | - |
| Nature's Sunshine Products | 1972 | $454.4M | 901 | 31 |
| Akzo Nobel Coatings Inc. | - | $15.0B | 30,000 | 45 |
Acushnet Holdings history FAQs
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Acushnet Holdings may also be known as or be related to ACUSHNET HOLDINGS CORP., Acushnet Company, Acushnet Holdings, Acushnet Holdings Corp and Acushnet Holdings Corp.