Callaway buys Ogio for $75m cash

[nevets88]

No details on how Callaway plans to fold Ogio's bags into its product line or layoffs, etc... Did not know Ogio stands for "our gear is organized".

Quote

There was no indication what would happen to Callaway’s current lineup of golf bags in light of the Ogio acquisition, although Brewer is scheduled to address the matter in a call with investors on Thursday.

The acquisition was the second by Callaway in the last five months. It purchased custom boutique putter maker Toulon Design in August. Terms of that deal were not disclosed, although it did include bringing in industry veteran Sean Toulon to run its Odyssey putter business.

 

[boogielicious]

15 hours ago, nevets88 said:

No details on how Callaway plans to fold Ogio's bags into its product line or layoffs, etc... Did not know Ogio stands for "our gear is organized".

 

Ogio makes a lot more than golf bags. They may make Callaway's now.

[jamo]

I really hope they don't mess up Ogio. I love their golf bags and backpacks.

[Zeph]

Yeah, I also hope they won't change how Ogio works today. I've been using my Ogio bag for 8 years now and I love it. They make high quality bags with practical and useful functions and design.