| MacGregor
For Sale? MacGregor
Golf have hired American investment bank Sutro & Co to assess a possible sale
of the company. MacGregor's
sole shareholder, Parkside, have received "a number of unsolicited inquiries,"
and CEO William Marsh said: "We should have a clearer position in the next
four-six weeks. I consider the interest in MacGregor flattering. It is reflective
of the very hard work of the employees and management of the company in the past
few years." The
value of the unsolicited inquiries has not been disclosed. Meanwhile,
MacGregor Golf have successfully completed their move to a new 60,000sq ft manufacturing
and testing facility in Albany, Georgia. "We are very pleased with it,"
said Marsh. "It had become increasingly apparent that we needed to upgrade
our manufacturing processes in pursuit of the highest standards of quality and
craftsmanship." |