The company had expected to sell its Birmingham golf ball operation
Penfold before January 31, but there is no news on this front as yet.
Additionally, in October of this year we announced that we had entered into an asset purchase agreement with KLF - Gulickaren to acquire the assets of their precision ball operation
based in Kysucke Nove Mesto, Slovakia.
It recently sold off its loss-making golf businesses and has lined up its Birmingham golf ball operation
, Penfold, for sale before the end of the financial year in January.
In fact, the Company reported in its 10-Q filed today that it exercised its right to purchase the golf ball manufacturing equipment currently in use in its golf ball operation
We saw positive margin improvements in this division, as a result of both the exclusion of the low margin footwear business and manufacturing efficiencies in our US tennis ball operation
Our golf ball operation
generated a pre-tax loss of $10.
Mark King worked for Taylor Made for 15 years before being recruited as vice president of sales of Callaway's fledgling golf ball operation
in January 1998.
Otsubo, represented by the law firm of Mugglebee & Mugglebee, has alleged that Ball perpetrated the fraud as part of an effort to minimize the estimated $12 million-$15 million cost of shutting down the Ball operation
in San Diego.
The product will be supplied from NN Europe's existing precision ball operations
utilizing the purchased equipment as well as existing equipment and personnel.
The urethane cover enhances the ball's performance, according to Mike Kramer, senior vice president of golf ball operations
Penicka, 41, who joined Callaway Golf in 1997, had most recently been Executive Vice President of Manufacturing in golf club and golf ball operations
since June of 2001.
On October 9, 2003 we acquired certain assets comprised of land, building and machinery and equipment of the precision ball operations
of KLF - Gulickaren ("KLF"), based in Kysucke Nove Mesto, Slovakia.