By  on June 1, 2012

PARIS — German sporting goods maker Adidas AG said its TaylorMade-Adidas Golf subsidiary had completed the acquisition of American golf equipment company Adams Golf, Inc. for an estimated $70 million, and named John Ward president of the business.

"Uniting the talents of the TaylorMade-Adidas Golf and Adams Golf research and development departments will help us develop even better equipment for the target consumers of both brands," stated Mark King, president and chief executive officer of TaylorMade-Adidas Golf.

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