FORSTMANN LITTLE & CO. ACQUIRES ALDILA, INC.
FORSTMANN LITTLE & CO. ACQUIRES ALDILA, INC. NEW YORK, Jan. 13 /PRNewswire/ -- Forstmann Little & Co. announced
today that it has completed its previously announced acquisition of Aldila, Inc., the world's leading manufacturer of composite shafts for the golf club industry, from the company's management. Terms of the transaction were not disclosed.
Aldila, Inc., headquartered in San Diego, Calif., is the world's leading designer and manufacturer of composite (mainly graphite) golf club shafts. Today, Aldila produces the most extensive and popular line of graphite shafts available. These premier shafts are custom designed and manufactured by Aldila to meet the performance specifications of club makers around the world. The company's product line consists of approximately 13 standard model shafts as well as 150 custom designed composite shafts. The company has over 2,400 customers worldwide, representing most of the leading golf club companies. Founded in 1978, Forstmann Little & Co. is a New York-based investment partnership which acquires or makes significant investments in operating companies. -0- 1/13/92 /CONTACT: Anna Cordasco or George Sard of Adams & Rinehart, 212-557-0100, for Forstmann Little & Co./ CO: Forstmann Little & Co.; Aldila, Inc. ST: New York, California IN: SU: TNM FC -- NY063 -- 9152 01/13/92 14:31 EST
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|Date:||Jan 13, 1992|
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