Who owns Callaway Golf Company?
· 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.
Does Callaway make quality golf clubs?
History of Callaway Golf The company was founded in 1982 by former Burlington Industries textile president Ely Callaway. A dynamic leader and famously successful businessman, Mr. Callaway sold his Temecula, CA-based winery for a $9 million profit and found a new business opportunity when he spotted a wooden pitching wedge in a Palm Springs-area golf shop.
What does Callaway Golf' mission statement?
Callaway Golf intends to continue to grow the game by helping people enjoy the game. --Ely Callaway, founder, January 2001 Key Dates: 1984: Ely Callaway buys Hickory Stick, which becomes Callaway Golf. 1991: Company launches Big Bertha driver. 1998: Company claims approximately 70 percent of pro golfers worldwide use Callaway clubs.
Where are Callaway Golf clubs made of and history?
Ely Callaway was an entrepreneur with great big ideas, a man with great integrity, a great friend to many. His energy and enthusiasm for golf and life were undeniable. His Demonstrably Superior, Pleasingly Different philosophy lives on in the Company he built and his enduring impact can be traced to the innovative, groundbreaking Callaway ...
When did Callaway start making golf clubs?
Callaway Golf CompanyTypePublicFounded1982FounderEly Reeves Callaway, Jr.HeadquartersCarlsbad, California , U.S.Area servedWorldwide14 more rows
What is the oldest golf brand?
Andrews Golf Co.Andrews Golf Co. is the oldest golf manufacturer in the world and the only remaining manufacturer in Scotland. While they don't have the big name of other brands such as Titleist or Callaway, they have found a way to stay in business since 1881.
Who owns Callaway Golf now?
Answer. Started by Ely Reeves Callaway Jr in 1982, Callaway Golf is one part of the Callaway Family interests.
What is Callaway best known for?
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.
What is the number 1 brand in golf?
1. Callaway. Callaway Golf is the largest golf equipment manufacturing company in the United States, specializing in golf clubs, bags, balls, apparel, and gloves. Callaway has a well-established brand identity and is known for producing premium golf equipment.
What is the number one golf brand?
Titleist1. Titleist. The makers of the Pro-V1—the most widely played golf ball on tour—Titleist also have more top-50 golfers on its books than any other manufacturer.
Does Callaway own FootJoy?
4. FootJoy comes under the umbrella of Acushnet Holdings Company, which also owns Titleist and Scotty Cameron. Acushnet acquired FootJoy in 1985.
Is TaylorMade owned by Callaway?
TaylorMade Golf Company is an American sports equipment manufacturing company based in Carlsbad, California, United States....TaylorMade.TypeSubsidiaryHeadquartersCarlsbad, California , U.S.Key peopleDavid Abeles (CEO)ProductsGolf clubs, balls, clothingParentCentroid Investment Partners5 more rows
Does Callaway own Titleist?
Titleist (pronounced /ˈtaɪtəlɪst/ "title-ist") is an American brand name of golf equipment produced by the Acushnet Company, headquartered in Fairhaven, Massachusetts, United States. The Titleist brand, established in 1932 by Phillip E. Young, focuses on golf balls and clubs.
Who invented Callaway?
Ely Callaway Jr.Callaway Golf Company / FounderEly Reeves Callaway Jr. was an American entrepreneur, winemaker and vintner, and golf club manufacturer, as the founder of the Callaway Golf Company in 1982. He had three successful careers: first in the textile industry, then in winemaking, and finally in golf equipment. Wikipedia
When did Callaway become popular?
1995-99: Callaway's Rise to Number 1 When sales exceeded $550 million, Callaway Golf became the world's biggest seller of irons and woods in 1995. With so much success, the company decided to form its golf ball division in 1996.
Is Cleveland owned by Callaway?
Cleveland Golf is owned by SRI Sports Limited, a subsidiary of Sumitomo Rubber Industries Ltd., specializing in golf equipment. Based in Huntington Beach, California, Cleveland Golf began as a company known for producing replicas of classic golf clubs.
Where is Callaway Golf located?
Callaway Golf is headquartered in the North San Diego County town of Carlsbad, and is one of the biggest golf equipment manufacturers in the world.
What is Callaway golf?
Callaway golf was the largest golf manufacturer in the world as it continued to improve its popular "X" series irons and carbon-fiber technology. Major touring professionals, including Phil Mickelson and the LPGA's Morgan Pressel, played Callaway clubs and won Major championships with the clubs, sealing the company's status through the middle part of the 2000s. In 2008, the company rolled out "i-bird" hybrid clubs for men and women as well as the "I-MIX" technology, which allows golfers to easily switch out some clubheads and shafts.
What year did Callaway sell the Big Bertha?
By 1992 , Callaway sales topped at $130 million and the Big Bertha became the most-used club on the Senior, LPGA and Hogan Tours. In the next few years, top players on all three tours, including Johnny Miller, Annika Sorenstam and Jim Colbert, won with Callaway clubs.
When did Callaway golf irons come out?
In 1988, the company rebranded itself to Callaway Golf and debuted its S2H2 core technology. The irons were the first clubs to feature the technology, which later appeared in the first Callaway stainless woods in 1989. Between 1988 and 1989, the company's sales more than doubled, from $4.8 million to $10.4 million.
When did Callaway putters start?
In 1986 , Callaway became the first golf equipment maker to install computer-run milling machines. The technology was first applied to their putters to ensure a uniformly flat putting face. That same year, Helmstetter became the head club designer.
What happened to Ely Callaway?
While the turn of the century brought a ton of success, Ely Callaway received a pancreatic cancer diagnosis, retired as president and CEO and died in 2001.
When did Callaway buy Odyssey putters?
In July 1997 , the company bought Odyssey putters for $130 million and introduced its tungsten technology. In 1998, the X-12 irons, the company's most forgiving irons to date, launched with huge success. To close out the millennium in 1999, Callaway introduced its Hawk-Eye technology.
When did Callaway turn into a golf club?
The transformation of Callaway from a company that once sold quirky clubs into a mainstream golf manufacturer took place in 1991.
How much did Callaway Golf invest in 1988?
The pension fund invested 10 million in Callaway Golf in 1988.
When did Callaway buy the company?
In 1984 Callaway purchased the small enterprise at the bargain basement price of 400,000, and pinned his own name to the company.
When did Callaway Golf start making S2H2?
In 1988, the company was renamed Callaway Golf and it debuted its S2H2 core technology.
When did Callaway Golf Company go public?
With the company growing rapidly, Callaway decided to take it public in February 1992. With 2.6 million shares of stock offered on the New York Exchange at $20 per share, the stock had jumped to $36 per share by the end of the day. The capital provided by the stock offering enabled Callaway to expand his manufacturing capacity. The demand for the company's golf club was rising at unexpected rates, and management at the firm needed more cash to take advantage of what has always been regarded as a notoriously faddish market in the golf equipment industry. By the end of 1992, sales had reached $132 million. At the end of April 1993, the price per share of Callaway Golf Company stock had increased to an impressive $54. 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. As sales and stock price continued to climb, Ely Callaway's personal share rose to a hefty $86 million.
Why is Callaway Golf so popular?
That is why Callaway Golf tries to design, create, build and sell the most forgiving golf clubs in the history of the game--giving more golfers more opportunities to hit a few additional 'great' shots each round. Callaway Golf intends to continue to grow the game by helping people enjoy the game. --Ely Callaway, founder, January 2001
What year did Callaway Golf Company introduce the Big Bertha irons?
In 1994 Callaway Golf Company introduced an innovative design for irons that would accompany the highly successful "Big Bertha" Metal Wood Drivers. The new irons, created with the same principles in mind as Callaway's "Big Berthas," were an immediate hit on the golf course. Priced at $125, the steel-shafted irons were approximately 20 percent more costly than conventional premium clubs. For $175, a golfer could purchase the new design with a graphite shaft. Since nearly all the company's clubs relied on a new development in casting technology, supplies of the new clubs were limited and helped keep the price per iron high. A total set of nine irons and three woods purchased from Callaway Golf Company at the suggested retail price amounted to the small fortune of $2,325. Yet golfing enthusiasts, both amateur and professional, happily bought the company's wares. By the end of fiscal 1994, sales had risen to $449 million.
How much did Callaway make in the 1990s?
By the late 1990s, Callaway's sales had risen to over $800 million, up from only $5 million a decade earlier. The company's production facility churned out expensive clubs, running three shifts six days a week. Every golfer knew the Big Bertha, and a score of famous amateurs accepted Callaway stock as recompense for appearing in advertisements for the club. Entertainers including rock star Alice Cooper and Canadian singer Celine Dion endorsed the Big Bertha. Even computer mogul Bill Gates took time off from running Microsoft to appear in a Big Bertha commercial. By 1998, Callaway claimed that almost 70 percent of all professional golfers worldwide used a Callaway driver. The company held about a third of the U.S. driver market, and a company spokesperson told Golf Magazine (May 1998) that Callaway wanted 100 percent. Callaway's annual sales were double that of its nearest competitor, and the company hoped to break the billion-dollar mark soon.
What did Callaway do in 1954?
Callaway rose quickly in his chosen profession. In 1954, after he became involved in a disagreement with Roger Milliken's brother-in-law, however, Milliken fired him unceremoniously. Undismayed, Callaway found a job at Textron Industries and, under the supervision of Royal Little, oversaw the merger of Robbins Mills and American Woolen, two large textile mills. When Textron sold Callaway's division to Burlington Industries, Callaway was part of the package deal. By 1968, Callaway was appointed president of Burlington Industries.
What is the ticker symbol for Callaway Golf?
Ticker Symbol: ELY. NAIC: 33992 Sporting and Athletic Goods Manufacturing. Company Perspectives: Callaway Golf has always believed that the way to grow the game of golf is to make it more enjoyable for the average golfer.
Who made the hickory stick golf club?
The club was made by Hickory Stick, a tiny California company run by two entrepreneurs, Richard Parente and Dick De La Cruz. Callaway liked the golf club so much that he called up its manufacturers to tell them so. Parente and De La Cruz, short of money and looking for someone to invest in their company, asked Callaway for help. In 1984 Callaway purchased the small enterprise at the bargain basement price of $400,000, and pinned his own name to the company.
Who is Ely Callaway?
Ely Callaway was an entrepreneur with great big ideas, a man with great integrity, a great friend to many. His energy and enthusiasm for golf and life were undeniable. His Demonstrably Superior, Pleasingly Different philosophy lives on in the Company he built and his enduring impact can be traced to the innovative, ...
What does Ely Callaway mean by "demonstrably superior"?
In business, in leisure and in life, you need to differentiate yourself, he said. Stand out. Be exceptional. Fill a niche. Over-deliver. And always, always stand for your principles and deliver what you promise. Enjoy the results. Then, get back to work to see if you can do the job even better.
When did Callaway Golf add golf balls?
The History of Callaway Golf Balls. Callaway Golf has been a leading golf equipment manufacturer for many years, and in 2000, the company added golf balls to its product line.
How much did Callaway sell in 2009?
Sales grew in the following years, and in 2009, Callaway sold $180 million worth of golf balls, about 1/4 of the company’s total sales. This moved Callaway into second place among ball manufacturers but well behind Acushnet, makers of Titleist, which continues to capture over half of the billion-dollar-a-year golf ball market as of 2010.
What year did Callaway make the Big Bertha?
By 1990 Callaway had broadened its appeal by releasing a number of different models of metal woods and irons. In 1991 Callaway introduced its breakthrough product, the Big Bertha driver, which by 1995 was the most-used driver on every professional golf tour as well as a favorite with amateurs, according to Callaway's website.
Who are Callaway competitors?
Callaway's competitors in the golf ball market include established companies such as Spalding, Wilson and Titleist, which have been selling balls since early in the last century. Callaway’s innovative entry into the golf ball business helped it to quickly become one of the industry's sales leaders.
What golf balls were made in 2010?
2010 Golf Balls. The 2010 line of Calloway balls is led by the company's premium four-piece Tour i (s) and Tour i (z) balls, which feature soft urethane covers and deliver tour level performance.
What county is Callaway Resort in?
The surroundings of Cason and Virginia Callaway's Harris County home, Blue Springs, inspired them to create Callaway Resort & Gardens so the public could enjoy the beauty of this wonderful place as well.
Where is Callaway Resort and Gardens?
Open since 1952, Callaway Resort & Gardens is nestled in the southernmost foothills of the Appalachian Mountains. Founders Cason and Virginia Callaway longed for a place where man and nature could abide together for the good of both.
Who is Cason Callaway's father?
Cason Callaway's father, Fuller Earle Callaway, built a fortune in the textiles industry on hard work, integrity, intelligence and wit.
What is Callaway Golf?
Callaway Golf Company is a premium golf equipment and active lifestyle company with a portfolio of global brands, including Callaway Golf, Odyssey, OGIO, TravisMathew and Jack Wolfskin.
What is topgolf entertainment?
Topgolf Entertainment Group is a technology-enabled global sports and entertainment community that connects people in meaningful ways through experiences, innovation and fun. What started as a simple idea to enhance the game of golf has grown into a movement where people from all walks of life connect at the intersection of technology and sports entertainment. Topgolf Entertainment Group's platforms include Topgolf venues around the globe, Topgolf Media and Toptracer technology.