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Howard Milstein Acquires Miura Distribution Rights, Plans To Expand Golf Club Line

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Howard Milstein helped Jack Nicklaus more than double the value of his business since becoming co-chairman of Nicklaus Co. in 2007. Milstein is now investing further in the world of golf by partnering with Miura Golf, the Japanese manufacturer of premium forged clubs.

The Milstein family has acquired a majority interest in the rights to distribute Miura equipment in the U.S. and in key markets around the world.

The new partnership is a merger of two prominent family-owned businesses. Milstein is chairman, president and CEO of New York Private Bank & Trust, the nation's largest privately-owned, family-run bank. Miura was started by Katsuhiro Miura, who began hand-crafting and grinding irons in 1957, and the business -- now largely supported by his sons -- has developed a global reputation as one of the finest names in the golf equipment industry.

This is the latest golf interest for Milstein, who beyond Nicklaus Co. has also invested in golf businesses ranging from technology to equipment.

Milstein says he sees his partnership with Miura as an opportunity to further grow the brand and increase its distribution, making the clubs more widely available to a broader range of golfers. While Miura has been widely known as a brand for better players, Milstein said the company's line will be expanded to serve players of all levels.

(Photo credit: Miura Golf)

More than just an investor, Milstein shaped the direction of the Nicklaus Co. over the past decade, helping evolve the business from one with deep roots in golf into more of a life and lifestyle brand.

"During that time, we never distanced ourselves from being arguably the most iconic name in golf," said Milstein, who first visited the Miura factory in Japan with Nicklaus two years ago. "Instead, we focused on strategic opportunities and aligning ourselves with like-minded partners and companies that mirror the high standards long established by Jack and his company. Miura Golf is such a company, and we are pleased and proud to announce this partnership."

Milstein has brought in Hoyt McGarity, the founder and CEO of club-fitting company True Spec, to serve as president of Miura Golf and oversee the new business strategy and direction.

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