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MasterCraft Boat Holdings, Inc. Completes Acquisition of Marine Products Corporation, Creating a Diversified Portfolio of Leading Recreational Marine Brands

  • MasterCraft Boat Holdings completed its acquisition of Marine Products Corporation on May 15, 2026.
  • Marine Products shareholders received $2.43 per share in cash plus 0.232 shares of MasterCraft stock for each share held.
  • Marine Products common stock has ceased trading and will no longer be listed on the New York Stock Exchange.
  • The combined entity now operates five brands: MasterCraft, Chaparral, Robalo, Crest, and Balise.
  • The merger creates a diversified portfolio with complementary dealer networks across coastal and inland markets.
  • Brad Nelson, MasterCraft CEO, stated the combination enhances scale, product offerings, and long-term value for boating enthusiasts.
  • Wells Fargo served as exclusive financial advisor to MasterCraft, while King & Spalding LLP acted as legal counsel.
  • Joele Frank, Wilkinson Brimmer Katcher provided strategic communications advisory services for the transaction.