Callaway Golf Co. is taking over Ogio International for $75.5 million in cash, equal to about 7.6 times projected incremental Ebitda after integration costs. Major synergies are expected in the supply chain and go-to-market strategies with Ogio, a specialist supplier of golf bags and apparel that also sells travel luggage, outdoor backpacks and clothing and other items for mountain biking, cycling, skiing and running. There will also be significant tax benefits to the deal.