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24-401: The name Titleist is derived from the word " titlist ", which means "title holder". Philip E. Young , a graduate of Massachusetts Institute of Technology , founded Titleist in 1932. When playing a round of golf with his dentist, Young missed a sure putt that seemed to be caused by the weight of the ball. He then asked his dentist friend to X-ray the ball and the film showed that the rubber core

48-424: A $ 9 million profit. In 1982, he bought half of Hickory Sticks USA and the company was renamed "Callaway Hickory Stick USA." In 1983, he became the company's president and moved its headquarters to Carlsbad, California where he could be found selling clubs out of his Cadillac . In 1984, Callaway bought the rest of the company for another $ 400,000. The company's name was changed to its present name in 1988. In 1985,

72-525: A larger firmer core, a thinner cover, and 60 fewer dimples resulted in a ball that retained the same soft feel of the Pro V1 while reducing spin and increasing distance. In December 2007, Acushnet lost a patent infringement suit brought by Callaway . The following November, Callaway won an injunction in a Delaware court, ruling that sales of the Pro V1 golf balls must be stopped from January 1, 2009, with professionals being able to continue with their use until

96-725: A market capitalization of over $ 3.0 billion. Callaway has maintained endorsement deals with many professional golfers who play on the world's leading tours , including Xander Schauffele , Sam Burns , Chris Kirk , Akshay Bhatia , Min Woo Lee , Danny Willett and Francesco Molinari . They have also had commercial relationships with some of the legends of the sport including Arnold Palmer and Annika Sörenstam , and celebrities such as Justin Timberlake and Stephen Curry . After being endorsed by Callaway late in his career, Seve Ballesteros expressed his gratitude to Ely Callaway by giving him

120-617: A new golf ball, under the leadership of Chuck Yash, the former head of Taylormade Golf . Callaway Golf spent three years developing the ball and a state-of-the-art production facility. The company invested $ 170 million in research and development, and construction of the 225,000-square-foot (20,900 m ) production facility. Callaway Golf Company engineers, recruited from Du Pont and Boeing , used aerodynamic computer programs (first used by Boeing and General Electric) to evaluate more than 300 dimple patterns and more than 1,000 variations of ball cores, boundary layers, and cover materials to create

144-490: A unique synergy of distance, control, spin, feel and durability characteristics. This eliminates confusion and guesswork in trying to identify the golf ball that is right for each individual golfer." In 1997, Odyssey Sports was acquired, expanding Callaway's line of putters. This led to introduction of the Odyssey White Hot putter line in 2000. Ely Callaway resigned as CEO and president in 1996, remaining as chairman of

168-608: A vintage Rolex, one he had worn since he first signed with the watchmaker. Masaki Aiba , one of the members of the Japanese group Arashi , was appointed as brand ambassador for Callaway Golf Company Japan in September 2024. He also opened an Instagram page called Aiba Masaki with Callaway Golf in which he shares his passion for the game, hoping "to convey its charm to those interested but that have never played, as well as to those who love it". On December 8, 2005, Callaway Golf received

192-546: The PGA Tour at Las Vegas on October 11, 2000, the first week it was available to the pros. A longtime Titleist user, Billy Andrade , won that first tournament with the new ball. The Pro V1 was available to the public by December. The Pro V1 was a dramatic change in innovation for the golf ball market as a whole and for the brand, which had traditionally used a wound-ball construction (with a liquid-filled core center) for its top-of-the-line golf balls. Shortly after its introduction

216-711: The Ben Hogan brand to Perry Ellis International , with Callaway retaining several trademarks, including Apex and Edge. In 2017, Callaway acquired OGIO, a US-based bag and apparel brand, and TravisMathew, a California-based lifestyle and golf apparel brand. In 2019, Callaway acquired German outdoor apparel company Jack Wolfskin . On October 27, 2020, Callaway announced it will acquire Topgolf Entertainment Group for $ 2 billion. On August 24, 2022, Callaway Golf Company announced plans to change its corporate name to Topgolf Callaway Brands Corp. Effective September 7, 2022, Topgolf Callaway Brands Corp. changed its ticker symbol on

240-564: The New York Stock Exchange from "ELY" to "MODG". Topgolf Callaway announced on September 4, 2024, that it would split into two separate companies. Callaway would sell golf equipment and clothing, and Topgolf would continue with dining and entertainment venues with a golf theme. In February 1992, Callaway Golf went public on the New York Stock Exchange with a market capitalization of $ 250 million. By late 1997, it reached

264-547: The Titleist Pro V1 became the most played ball on the PGA Tour and has been for the past 20 years, picking up the most worldwide wins from both direct brand ambassadors (meaning they play Titleist equipment) and players who are not directly under contract and considered brand ambassadors from Titleist. Three years after Titleist's initial breakthrough with the Pro V1 came the Pro V1x, a ball with 60 fewer dimples. The combination of

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288-634: The Wikimedia System Administrators, please include the details below. Request from 172.68.168.150 via cp1114 cp1114, Varnish XID 457674217 Upstream caches: cp1114 int Error: 429, Too Many Requests at Fri, 29 Nov 2024 06:53:44 GMT Callaway Golf Callaway , legally Topgolf Callaway Brands Corp. , is an American global sports equipment manufacturing company that designs, manufactures, markets and sells golf equipment , more specifically clubs and balls , also including accessories such as bags , gloves , and caps . In 2021,

312-519: The acquisition cost Callaway Golf $ 169 million. On November 8, 2004, Callaway Golf named chairman and chief executive William C. Baker president and COO, replacing Patrice Hutin. In August 2005, George Fellows was named president and CEO of Callaway Golf. He retained this position until June 2011. In 2012, Oliver "Chip" Gordon Brewer III was named CEO of Callaway. Callaway sold the Top-Flite brand to Dick's Sporting Goods , citing declining sales, and

336-532: The ball "Titleist," noting it was the "winner" of the quest to create the best for the game. The golf division of the Acushnet Process Company produced the Titleist golf ball in 1935, which became the company's most successful product. In 1948, Titleist introduced "Dynamite Thread" to increase the yardage of their balls. A year later, Titleist became the most used ball at the U.S. Open Tournament. Titleist

360-488: The board. Donald H. Dye was named CEO and president. Callaway also continued as president and CEO of Callaway Golf Ball Company. In 1998 he again became president and CEO of Callaway Golf Company, but died of pancreatic cancer on July 5, 2001. Ron Drapeau assumed his positions. In 2003, Drapeau announced the company's intention to purchase Top-Flite Golf and its Ben Hogan Golf division soon after Top-Flite Golf filed for Chapter 11 bankruptcy. Due to competition from Adidas ,

384-526: The company hired Bruce Parker as head of sales, who later became the company's Chief Merchant and, through his tenure with Callaway Golf as head of sales, was responsible for sales in excess of $ 3.0 billion. He was involved in all major decisions during the company's growth. In 1986, Callaway hired a billiard cue designer, Richard C. Helmstetter, as a consultant. Helmstetter was named chief club designer that same year and introduced computer-controlled manufacturing machines. With his help and that of Glenn Schmidt,

408-451: The company purchased Topgolf , and thus also operates a chain of golf-related amusement and events centers. The company sells its products through golf retailers and sporting goods retailers, through mass merchants, directly online, and through its pre-owned and trade-in services. Callaway markets its products in more than 70 countries worldwide. The company, based in Carlsbad, California , is

432-479: The company's master tool maker, the company developed the original Big Bertha driver using large-volume (190cc) steel clubhead. The Big Bertha driver grew to 290 cc in 1997. In 1996, the company hired Roger Cleveland as chief club designer and in 2002, launched the Callaway Golf Forged Wedges, constructed from carbon steel with modified U-grooved faces. In 1996, Callaway announced development of

456-1206: The end of the year. Acushnet immediately announced that they would be appealing the decision. Acushnet somewhat redesigned the Pro-V1 during the dispute. On August 14, 2009, the Court of Appeals for the Federal Circuit vacated the judgment against Acushnet and ordered a new trial. On March 29, 2010, a federal jury ruled in favor of Acushnet (Titleist), and found that the Callaway patents were invalid. Titleist has maintained endorsement deals with many leading professional players, including Ludvig Åberg , Wyndham Clark , Max Homa , Danielle Kang , Jessica Korda , Jordan Spieth , Justin Thomas , and Will Zalatoris . Players previously contracted with Titleist include Tiger Woods and Rory McIlroy , before both moved to Nike and then later TaylorMade , and Phil Mickelson , who switched to Callaway shortly after his 2004 Masters Tournament win. titlist#Noun Too Many Requests If you report this error to

480-510: The new Rule 35 ball. They settled on only two versions of the Rule 35 ball—choosing to develop a "complete-performance" ball rather than separate balls developed for spin, control, distance, and durability. Ely Callaway explained the company's product development objectives as follows: "We have combined all of the performance benefits into one ball so players no longer need to sacrifice control for distance, or feel, or durability. Each Rule 35 ball contains

504-427: The world's largest manufacturer of golf clubs. In past years, Callaway marketed products under the "Toulon Design" and "Odyssey" putter brands, acquired in 1997, as well as "Top Flite", "Strata" and "Ben Hogan" brands picked up following the bankruptcy of Spalding 's former golf division in 2003. Callaway Golf Company was founded by former Burlington Industries textile president, Ely Callaway Jr. in 1982. Callaway

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528-415: Was off-center. After this initial discovery, Young took X-rays of more golf balls and found that most were poorly constructed with off-center cores and prone to erratic shots. This inspired Young to produce his own line of golf balls, which would become known as Titleist. In 1930, Young developed a machine that could uniformly wind rubber string around a rubber core, making a "dead center" golf ball. He named

552-611: Was purchased by American Brands (later renamed to Fortune Brands) in 1976. In 1985, American Brands sold off the Acushnet Company's Acushnet Rubber division, which was Acushnet's original business (circa early 1900s). On December 8, 2010, Fortune Brands announced that it would soon sell or spin off Titleist and some other brands. It was then announced on May 20, 2011, that a Korean group associated with Fila Korea, Ltd. and Mirae Asset Private Equity would purchase Acushnet for $ 1.23 billion in cash. The Pro V1 ball made its debut on

576-587: Was raised in LaGrange, Georgia , and was a graduate of Emory University . He had previously been successful in the textile and wine industries, and was also an avid golfer. Among his favorite club brands was Hickory Sticks USA, which was known for producing clubs with hickory shafts and steel cores. At that time, Hickory Sticks was owned by Richard Parente, Dick De La Cruz, and Tony Manzoni. When Hickory Sticks started running low on funds, they began seeking investors and approached Callaway, who had just sold his vineyards for

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