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The American had a keen eye for business opportunities and in 1982, his eye was caught by a set of hickory-shafted golf clubs at a pro shop in Indian Wells, California.
Founded in 1982, Callaway is renowned for developing innovative products that help golfers hit longer and straighter shots from tee to green; controlled, higher-spinning shots around the green; and smooth, accurate putts.
Executive Summary Established in 1982, Callaway Golf Company is a leader in the golf equipment industry, creating some of the most technologically advanced golf clubs in the business.
The company wasn’t a huge overnight success, in 1983, Callaway renamed the company to Callaway Hickory Stick USA and moved its base of operations to California.
In 1983 he became president of the company and moved it to Carlsbad California where he sold golf clubs out of Cadillac.
In 1984 Callaway purchased the small enterprise at the bargain basement price of $400,000, and pinned his own name to the company.
1984: Ely Callaway buys Hickory Stick, which becomes Callaway Golf.
In 1984, Callaway bought the rest of the company for another $400,000.
The company underwent another move in 1985, relocating to Carlsbad in California, and the company was the first to use emerging computer technology to ensure the flattest surface of a putter.
In 1985, the company hired Bruce Parker as head of sales, who later became the company's Chief Merchant and, through his tenure with Callaway Golf as head of sales, was responsible for sales in excess of $3.0 billion.
The Big Bertha Irons replaced the S2H2 Callaway irons that had been the company’s first foray out of the Hickory Stick era in 1988.
In 1988, the company became the Callaway Golf Company and business began to take off, sales totalled $4.8m and a year later came the crucial moment for the company, now wholly owned by Ely Calloway (below).
The company changed its name in 1988 to its present name.
History, Development & Growth •Founded in 1990 by Dana Garmany. •Headquartered in Scottsdale, Arizona. •Largest third party manager of golf and club operations. •197 golf courses worldwide. •Provide extraordinary guest and
The transformation of Callaway from a company that once sold quirky clubs into a mainstream golf manufacturer took place in 1991.
He accomplished much of that goal in 1991, introducing a technological wonder called the Big Bertha Driver.
With the company growing rapidly, Callaway decided to take it public in February 1992.
The coming of the Big Bertha also ended the run of those wooden shafts in 1992.
By the end of 1992, sales had reached $132 million.
In 1993, when sales were reported at $255 million, the company had surpassed the better known names in the sporting goods industry such as Wilson, Spalding, and MacGregor to become the revenue leader in the field.
By the end of fiscal 1994, sales had risen to $449 million.
In 1994 Callaway Golf Company introduced an innovative design for irons that would accompany the highly successful "Big Bertha" Metal Wood Drivers.
Nearly 400 golf courses were opened in the United States in 1994, with approximately 800 more under construction.
Revenues at Callaway Golf in 1994 had increased substantially over the previous year, while revenues at Cobra Golf shot up an astounding 121 percent during the same period.
At the beginning of 1995, there were only three major companies in the golf equipment industry, including Callaway Golf, Cobra Golf, and Taylor Made, a division of Salomon, which was a prominent manufacturer of skis in France.
In 1996, the company again diversified, setting up the Callaway Golf Ball Company and the company were also now the largest golf company in the world, with worldwide sales of $683.5 million.
Later Callaway hired Roger Cleveland as chief club designer in 1996.
Ely Callaway resigned in 1996 and Donald H Dye took over as CEO and President.
In 1996, Callaway announced development of a new golf ball, under the leadership of Chuck Yash, the former head of Taylormade Golf.
In 1997, Ely Callaway stepped away as CEO of Callaway Golf to start a new venture within the company called Callaway Golf Balls.
The Big Bertha driver grew to 290 cc in 1997.
In 1997, Odyssey Sports was acquired, expanding Callaway's line of putters.
Callaway also introduced new clubs, bringing out the Big Bertha Steelhead metalwood line in mid-1998, and following with the Great Big Bertha Hawk Eye Woods the next year.
By 1998, Callaway let it be known that it had invested at least $100 million in developing a new golf ball.
Two upstart companies, Orlimar Golf Equipment Co. and Adams Golf Inc., together took over 20 percent of the United States driver market by the fall of 1998, sending Callaway's share down.
1998: Company claims approximately 70 percent of pro golfers worldwide use Callaway clubs.
Wet weather brought on by El Niño in 1998 kept sales flat, and the crash in the Asian financial market also dampened things.
The company introduced its first golf ball, the Rule 35, in 2000.
Callaway expected ball sales of about $70 million for 2000, but brought in less than half that.
Woods won three championships in 2000 using the Nike balls.
With conditions still rocky at the company he brought to prominence, 81-year-old Ely Callaway announced in the fall of 2000 that he would continue to run the firm "indefinitely." The company restructured, folding its previously separate ball unit into the parent company.
They later released in 2000 the Odyssey White Hot Putter which later went on to be one of the most popular putters of all time.
Callaway Golf intends to continue to grow the game by helping people enjoy the game. --Ely Callaway, founder, January 2001
In 2001, with his company now the largest golf company in the world, Ely Callaway retired as President and CEO of the company.
In 2003 Drapeau announced the company's intention to purchase Top-Flite Golf and its Ben Hogan Golf division, soon after it filed for Chapter 11 bankruptcy.
On November 8, 2004, Callaway Golf named Chairman and Chief Executive William C. Baker President and COO, replacing Patrice Hutin.
Callaway continued to release innovative products after their driving force retired and in 2004, the Big Bertha Titanian 454 Driver became the World’s Longest Driver at the 2004 RE/MAX World Long Drive Championship.
By 2010, Callaway settled into the number two spot behind Titleist in the golf ball market with top-sellers including its two-piece Warbird and premium four-piece Tour line.
Acquired by Callaway in 2016, Toulon Design specializes in putters that combine premium materials and craftsmanship with advanced performance technology.
by Jeane Derouen · Published August 31, 2017
In 2017, Callaway acquired OGIO, a US-based bag and apparel brand, and TravisMathew, a California-based lifestyle and golf apparel brand.
by Jeane Derouen · Published January 28, 2019 · Last modified September 30, 2019
In 2019, Callaway acquired German outdoor apparel company Jack Wolfskin.
On October 27, 2020, Callaway announced it will acquire Topgolf Entertainment Group for $2 billion.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Acushnet Holdings | 1910 | $2.1B | 5,228 | 46 |
| Nature's Sunshine Products | 1972 | $454.4M | 901 | 17 |
| Panasonic | 1959 | $62.1B | 271,869 | 323 |
| Creative Labs | 1981 | $1.1B | 3,000 | 16 |
| Akzo Nobel Coatings Inc. | - | $15.0B | 30,000 | 48 |
| LaCrosse Footwear | 1983 | $131.3M | 610 | 1 |
| Legendary Whitetails | 1999 | $1.3M | 25 | 5 |
| Maxwell Products, Inc | 1975 | - | - | - |
| The Rogers Company | 1945 | $830.1M | 26,000 | 331 |
| Bigston | 1972 | $30.0M | 200 | - |
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Callaway Golf may also be known as or be related to CALLAWAY GOLF CO, Callaway Golf, Callaway Golf Co. and Callaway Golf Company.