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McKennon Golf Bag Company Acquires Jones
LAKE OSWEGO, OREGON July 12, 2010: The McKennon Golf Bag Company (www.themckennongolfbagcompany.com) today announced that it has completed the purchases of Jones Sporting Goods, makers of the classic Jones Bag (www.jones-golf.com). McKennon acquired Jones from the Oregon based Yoshida Group. Terms of the deal were not disclosed.
“We just bought a legendary company that has sold over 1,000,000 golf bags,” said McKennon Golf founder and CEO Mike McKennon. “Jones virtually created the pure carry bag and the original designs from 1971 are still relevant today. You will see those iconic designs again exactly the same as they were in the 70’s and 80’s, right down to the original logo.”
The deal will see Jones relocate operations and corporate offices into McKennon Golf’s existing facility in Lake Oswego, Ore. McKennon will also take over as the President of Jones Sports.
“We have also been prototyping a new version on the original bag,” McKennon explained. “We have taken design cues from our McKennon Player’s Bag and combined them with the original Jones Bag. We have a waiting list of buyers and it isn’t even out of the testing stage yet.”
Founded in 2009, the Lake Oswego-based company is one of the fastest growing golf bag companies in the industry and boasts a line-up of 6 separate hand-made leather golf products including the flagship Player’s Bag.
“Our products exist at the intersection of too little and too much” said McKennon, a former All-American at Lakeridge High School and collegiate player at Oregon State. “Jones was founded 40 years ago on that same strategy. “ It’s a perfect fit.”
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