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Fila Korea buys Titleist for global expansion
SEOUL, May 21 (Yonhap) -- Fila Korea Ltd., a South Korean sportswear maker, said Saturday it signed a deal to acquire global golf equipment maker Acushnet Company, becoming the new owner of leading golf brands such as Titleist as it moves to boost its global presence.

Under the deal, Fila Korea and Mirae Asset Private Equity Fund agreed with U.S.-based Fortune Brands Inc. to buy Acushnet Company for US$1.23 billion, the companies said in a statement. Acushnet Company is the world's leading golf equipment maker with brands such as Titleist and FootJoy under its wing.