Ray Cook Golf, credited with more than 200 tour wins, including all the majors, now on the auction block
May 27, 2011 – San Diego, CA – Ray Cook golf putters have been on the greens for nearly fifty years, and since then, some of the world’s best golfers have put them to the test. With over two-hundred tour wins, Ray Cook is the only independent putter manufacturer to have garnered a tour victory in each decade since the 1960’s. The enterprise is looking to extend that legacy into the future.
It all began in 1963 with Bruce Crampton’s win in the Texas Open. Since then, the name Ray Cook has been synonymous with success on the PGA and LPGA circuit, as the best players in the world have used Ray Cook putters and the very popular chipper. Ray Cook putters are credited with over 200 tour wins, including wins in all of Golf’s Majors:
* The 1967 British Open – won by Roberto Di Vicenzo
* The 1969 U.S. Open – won by Orville Moody
* The 1970 Masters – won by Billy Casper
* The 1970 and 1976 PGA Championship – won by Dave Stockton
* The 1992 PGA Championship – won by Nick Price
Heritage Global Partners has been selected by Ray Cook Golf to conduct a live auction of its assets. The live auction will be conducted in an open outcry fashion on Wednesday, June 8 at 1 pm CDT, at the Barton Creek Resort Conference Center in Austin, Texas. Registered bidders will also be able to participate in the auction over a dedicated teleconference line.
“The Ray Cook brand has stood the test of time over the past five decades, as golfers worldwide, including scores of tour players, have elected to carry and use Ray Cook putters, wedges and chippers” said Brandon Smith, VP of Heritage Global Partners.
The Ray Cook Golf auction includes a complete single lot bulk sale offering of all tangible and intangible assets, including the rights, patents, common law and registered trademarks, physical inventory and capital equipment. The company’s inventory of assets includes nine putter lines and more than 40 designs of putters and wedges. Assets also include manufacturing equipment and furnishings, as well as marketing vehicles such as the company website and URL, customer mailing lists as well as the well-established Ray Cook Golf brand.
The designs and names created by the company also include the legendary Ray Cook mallet putter design, as well as the Blue Goose and the renowned Ray Cook Chipper, both invented by legendary Titleist® craftsman “Scotty” Cameron, who began his golf career with Ray Cook.
Parties interested in registering to participate in the Ray Cook Golf auction must sign a non-disclosure agreement to gain access to Company documents available for review in a Virtual Data Room. The agreement, together with contact information and a general description of the assets, can be found on the Heritage Global Partners website at www.hgpauction.com. Barton Creek Resort Conference Center, where the auction will be held live, is located at 8212 Barton Club Drive in Austin, Texas. Please contact Brandon Smith at bsmith@hgpauction.com if you need any assistance.
Led by auction industry pioneers Ross and Kirk Dove, Heritage Global Partners is an asset advisory and auction services firm, which assists large and small companies with buying and selling of assets. Heritage Global Partners offers asset advisory and auction services, including complete enterprise sales and multi-lot auctions, both live and over the internet. HGP also offers asset brokerage, asset inspection, asset valuations and internal asset redeployment vehicles among other services.
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