In a strategic move, Callaway Golf Company, listed on the NYSE as ELY, recently completed the acquisition of OGIO International, Inc. for a significant sum of $75.5 million. This acquisition was facilitated by Baird, the exclusive financial advisor to OGIO International, Inc. Renowned for its adrenaline-pumping designs and superior product performance, OGIO operates on a global scale, crafting and selling bags, accessories, and apparel across diverse categories like golf, lifestyle, motorsports, and endurance. With its headquarters situated in Draper, Utah, OGIO has earned a strong reputation for helping consumers carry their passion, making it a valuable addition to Callaway’s portfolio.
Callaway Golf Company, headquartered in Carlsbad, California, is dedicated to revolutionizing the golfing experience through relentless innovation. Specializing in the manufacturing and sale of golf clubs and balls, as well as golf accessories under the brands Callaway Golf® and Odyssey®, Callaway has established itself as a leader in the industry. This strategic acquisition aligns with Callaway’s commitment to enhancing golfers’ skills and expands its offerings into additional categories. The move also positions Callaway as a key player in the backpack market, with OGIO’s specialization in backpacks, including golf bags, sports bags, and travel bags, complementing Callaway’s existing product line.