Mastercraft completes acquisition of Marine Products Corp

US-based power and leisure boat manufacturer MasterCraft Boat Holdings has successfully completed its acquisition of Marine Products Corporation, a leading manufacturer of recreation and sport fishing powerboats.

As reported by MIN in February 2026, the two companies had entered into a definitive agreement under which MasterCraft will acquire Marine Products in a cash and stock transaction valued at approximately $232.2m net of acquired cash.

Under the terms of the merger, Marine Products shareholders received $2.43 per share in cash alongside 0.232 shares of MasterCraft common stock for each share held. Concurrently, Marine Products common stock has ceased trading and has been delisted from the New York Stock Exchange.

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The deal creates a diversified portfolio that spans MasterCraft, Crest, Balise, Chaparral, and Robalo.

The combined company benefits from complementary coastal and inland dealer networks, enhanced scale, and a strengthened platform for innovation, product development, and operational excellence, supporting differentiated product offerings and future growth opportunities.

Brad Nelson, chief executive officer of MasterCraft, says: “We are pleased to officially welcome Chaparral and Robalo to MasterCraft. This combination brings together highly complementary brands, talented teams, and strong dealer relationships that will enhance our ability to serve customers and drive long-term value. We are confident that the scale, reach and product offering of the combined company positions us well to meet the evolving needs of boating enthusiasts across multiple categories. We are excited about the opportunities ahead and look forward to this next chapter of growth for MasterCraft as we deliver on our commitment to innovation, quality, and operational excellence.”

Wells Fargo acted as exclusive financial advisor to MasterCraft and King & Spalding LLP served as legal counsel. Joele Frank, Wilkinson Brimmer Katcher served as strategic communications advisor to MasterCraft.