Puma Acquires Cobra Golf
The speculation of Puma buying Cobra Golf has been going on since late last year and today the deal is official.
“Through the acquisition of Cobra Golf, we reinforce PUMA’s commitment to our sports performance business by strengthening our growing and successful Golf category,” said Jochen Zeitz, Chairman and Chief Executive of PUMA. “Cobra Golf has a history of innovative performance products fused with an edge and is therefore a perfect fit for PUMA, reinforcing our overall mission of becoming the most desirable Sportlifestyle company.”
Look out for PUMA golf clubs in the near future — the sale will be official this Spring.
I wonder how much the economy had to do with Acushnet selling off Cobra Golf to Puma? What do you think?