Carlsbad-based Callaway Golf Co. announced Nov. 30 it will acquire Jack Wolfskin, an international outdoor apparel, footwear and equipment brand, for $476 million. Jack Wolfskin will join other recently-acquired properties TravisMathew and Ogio.
“Jack Wolfskin is a premium outdoor brand with tremendous international reach, being a leading brand in the European market and having a substantial presence in China. It also helps Callaway expand its presence in the high-growth, active lifestyle category,” Callaway President and CEO Chip Brewer said via a press release.
Brewer added that Jack Wolfskin CEO, Melody Harris-Jensbach, will remain in her role. Jack Wolfskin will continue to operate out of its headquarters located in Idstein, Germany.
Jack Wolfskin had net sales of $380 million in the fiscal year ended Sept. 30. 2018, based on preliminary unaudited results provided by the company. Full year 2019 net sales are estimated to be flat compared to the previous year, but are expected to grow to mid-single digits over the mid to long-term. The acquisition is expected to close in the first quarter of 2019.