Q&A with Titleist chief Wally Uihlein on sale to Fila, Mirae | Golf News and Tour Information [Video]

When Fortune Brands announced Dec. 8 that it would seek to sell or spin off the Acushnet Company (comprised of Titleist, FootJoy and Pinnacle) it set off a stream of speculation ranging from existing golf companies purchasing the brands to them being sold off in parts to even micro brands such as the Scotty Cameron putter line or Vokey wedge business being parceled off. Other guesses included Acushnet chairman and CEO Wally Uihlein partnering with a private-equity firm to buy the company. Today the conjecture, rumors and gossip were put to rest with the announcement Fortune Brands had sold Acushnet (which had $1.2 billion in sales in 2010) to Fila Korea Ltd. and Mirae Asset Private Equity, the largest private equity firm in Korea. The sale remains subject to closing conditions, including the usual regulatory approvals, and is expected to close this summer. The price, according to a source with …