How it started
Origins
MacGregor Golf dates its corporate origins to 1829, when Archibald and Ziba Crawford arrived in Dayton, Ohio, to begin the manufacture of hand-carved wooden footwear lasts for the manufacture of shoes. Their product was successful and they expanded the operation to include four or five hired workmen under the firm name Dayton Last Works, with a concentration on shoe lasts, which firm continued for a number of decades.
The firm was joined by John McGregor in 1874 and Edward Canby in 1886 so that by 1897 the company had taken the name "Crawford, McGregor & Canby", with its base of operations remaining in Dayton, being officially constituted. Golf shafts of the early 20th century being made of wood rather than the metal, fiberglass, and other materials of today, in 1897 the company made the transition from footwear lasts to clubmaking, becoming one of the first American manufacturers of golf clubs.
During the 1930s Crawford, McGregor & Canby was acquired by the Goldsmith Company to form MacGregor-Goldsmith. The new owners found the name "MacGregor" to be stronger than "Goldsmith" in the marketplace and subsequently changed the name of the firm to MacGregor.
Ownership changes
Having previously been owned by the Wickes Corporation, and before that the Brunswick Corporation, Amer Sports acquired a majority 80% stake in MacGregor from Jack Nicklaus in the mid-1980s for a reported $8 million. With MacGregor's fortunes deteriorating, in 1997 Amer sold the company to a British-led consortium. The firm changed hands again the following August with its acquisition by equity investment company The Parkside Group.
From Wikipedia’s article on MacGregor Golf, shared under CC BY-SA 4.0.2