A major purchase was made by Callaway as it has acquired the German-based outdoor wear and equipment company Jack Wolfskin. This is a big time move by Callaway, considering the fact that Jack Wolfskin is a world-renowned specialist when it comes to outdoor products such as footwear, sleeping bags and tents. Not only that, this move also boosts Callaway's market in the active-lifestyle category.

For more details on the recent acquisition made by Callaway, just click here.

Source: Golfweek; RealFeelGolfMats