Callaway Golf To Acquire Jack Wolfskin - Quick Facts

(RTTNews) - Callaway Golf Company (ELY) announced an agreement to acquire Jack Wolfskin for 418 million euros, or approximately $476 million. Jack Wolfskin is an international, premium outdoor apparel, footwear and equipment brand. The company designs premium products targeted at the active outdoor and urban outdoor customer categories.

Callaway Golf said the acquisition furthers its push into the active lifestyle category after 2017 acquisitions of TravisMathew and Ogio. The acquisition is expected to close in the first quarter of 2019. Callaway intends to finance the transaction with a $476 million term loan facility.

Jack Wolfskin provides over 3,000 points of sale globally, including wholesale, company-owned retail and franchised retail stores. Post transaction, Jack Wolfskin will continue to operate out of its headquarters located in Idstein, Germany.