SAN DIEGO, California, May
25, 2005 – Lamkin Corporation, the world’s
second-largest manufacturer of golf grips, has purchased
the Royal Grip brand of golf grips from Royal Precision,
a Torrington, Connecticut, manufacturer of steel and graphite
shafts and golf grips.
Bob Lamkin, president of Lamkin Corporation, said a major
reason for the purchase was because of the outstanding
branding of Royal Grip in the Asian market.
“
The Royal Grip brand is very strong in Japan and this opportunity
will allow us to introduce new Lamkin products under the
Royal Grip brand, giving us considerably greater avenues
for new product distribution,” Lamkin said. “We
will develop current and future projects in Japan using
the strength of the Royal name.”
Royal Precision and Lamkin Corporation, both 80-year-old
companies, have recently enjoyed tremendous growth in the
international golf market.
"
Royal Grip products have been used to produce some of the
world's best-selling golf clubs, and this transaction uniquely
positions and strengthens both of our companies," says
John Lauchnor, Royal Precision president and chief executive
officer. "Lamkin is one of the very few grip manufacturers
that can maintain the high level of quality and innovation
golfers have come to expect from the Royal Grip brand,
so we're very pleased to pass the 'Royal torch' to them.”
Royal Precision also manufactures Rifle, a leading brand
in golf for premium steel shafts, and Saber graphite shafts.
“
This agreement provides Royal Precision with a great opportunity
to focus 100 percent of our resources into the shaft market," said
Lauchnor.
Lamkin is recognized in the golf industry as a premier
manufacturer of grips for some of the top name-brand club
manufacturers around the world. Lamkin researches and develops
its own proprietary composite materials and employs exclusive
manufacturing processes to ensure that each grip performs
to exact specifications.
The company utilizes the latest technical advances to develop
products that can help both professionals and amateurs
play their best.
San Diego-based Lamkin Corporation is a privately owned,
third generation family company. Since 1925, Lamkin has
been designing and manufacturing the highest quality and
best performing golf grips in the world. For more information
on Lamkin and the company’s complete line of golf
grips, please call 1-800-642-7755 or visit the Web site
at http://www.lamkingrips.com.
Since January 2004, Lamkin has been donating a percentage
of its after-market sales to the Prostate Cancer Foundation
to help fund its initiatives to find new treatments and
cures for a disease that claimed the lives of more than
29,000 men last year. Lamkin has given more than $100,000
mark to this effort.
The Royal Grip brand was founded on years of Tour experience
and developed with distinct material compounds which allow
a wide variety of texture, surface patterns and feel combinations.
From buffed, soft, velvet-like textures to the slot corded
rubber for maximum traction, Royal Grip provides unparalleled
cushion and allows golfers to choose their own winning
feel. |
