Callaway Golf Company to acquire Jack Wolfskin

Callaway Golf Company entered into an agreement to acquire Jack Wolfskin for €418m ($476m), subject to certain purchase price adjustments. 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. The acquisition furthers Callaway's push into the active lifestyle category after its successful 2017 acquisitions of TravisMathew and Ogio.