After six years under Callaway’s stewardship, the Germany-based outdoor brand Jack Wolfskin is heading east to Anta Sports as the two companies announced an acquisition deal expected to close in late Q2/early Q3. MODG will sell the Jack Wolfskin business, incorporated as Callaway Germany Holdco GmbH, to Anta for a base price of $290 million in cash, subject to net working capital and other customary adjustments. The Wolfskin business will become an indirect wholly-owned subsidiary of Anta.

On the Callaway side, the exit will allow it to focus resources on its core ... Log in to view full article.