Callaway's Brewer On State Of Golf Business, Taylor Made Sale

Robert Gray of Fortune inteviews Callaway CEO Chip Brewer about the state of the golf business and the typically cautious Brewer is pretty bullish on Callaway's turnaround. He also is asked about any potential "M&A" related to Taylor Made's sale.

On that topic...

Fortune: What do you think about Adidas putting up for sale your rivals and neighbors in Carlsbad, California, TaylorMade, Ashworth, and Adams Golf—where you were CEO before Callaway?

Brewer: I think it’s an interesting strategic decision. They’re good brands, which I have a lot of respect for. Adidas clearly made a strategic decision they believe is in their best interest.

Fortune: Might there be some M&A in Callaway’s future?

Brewer: We don’t speculate on any hypotheticals, we look for the best options for shareholders.
We are looking at additions, some outside opportunities for growth. The company’s in great financial position, we have no debt and are in a wonderful position in a business that’s improving in a challenging industry.