Carbonari said the transaction "is a very important milestone as we execute our proposed plan to separate our three strong businesses for the purpose of maximizing long-term value for our shareholders. He said the sale process for Acushnet had "generated broad interest from a range of prospective buyers and resulted in this agreement that reflects the superior performance and prospects of the business." Proceeds will strengthen Fortune's balance sheet, he said, and support strong capital structures for both Beam and the home and security operations "as they look to the prospect of competing as independent companies later this year."

Fortune Brands was advised on the Acushnet transaction by Morgan Stanley and Centerview Partners as financial advisors and Chadbourne & Parke as legal advisor. Fila Korea and Mirae were advised by Nomura, Korea Development Bank and the M&A and Korean practice groups of counsel McDermott, Will & Emery.