Acushnet Holdings Forms Joint Venture to Produce Footwear in Vietnam

Reuters01-09

Acushnet Holdings Forms Joint Venture to Produce Footwear in Vietnam

Acushnet Holdings Corp., through its wholly owned subsidiary Acushnet Cayman Limited, has entered into a joint venture with Myre Overseas Corp. to form ACL FootJoy Pte. Ltd. The primary purpose of this joint venture is to source raw materials and oversee the manufacture and production of footwear in Vietnam under trademarks and brand names owned by Acushnet Company. Under the agreement, Acushnet Cayman and its designees have exclusive rights to purchase, distribute, and arrange for the worldwide sale of all products manufactured at factories owned or controlled by Myre and its affiliates. The arrangement also outlines joint decision-making processes for business plans, budgets, and transfers of shares in ACL FootJoy, requiring mutual approval from both parties.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Acushnet Holdings Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001672013-26-000007), on January 08, 2026, and is solely responsible for the information contained therein.

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