MasterCraft Boat Holdings has completed its acquisition of Marine Products Corporation manufacturer of recreation and sport fishing powerboats after signing a definitive agreement to acquire the organisation in February 2026.
Marine Products shareholders received $2.43 per share in cash and 0.232 shares of MasterCraft common stock for each share of Marine Products they own.
Marine Products common stock has now ceased trading and will no longer be listed on the New York Stock Exchange.
This acquisition has created an organisation that combines the marine brands of MasterCraft, Crest, Balise, Chaparral and Robalo which operate across multiple boating categories.
Strengthened platform
The organisations say the combined company benefits from complementary coastal and inland dealer networks, enhanced scale and a strengthened platform for innovation, product development and operational excellence to support differentiated product offerings and future growth opportunities.
“We are pleased to officially welcome Chaparral and Robalo to MasterCraft,” said Brad Nelson, chief executive officer of 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.”
Next chapter of growth
He concluded: “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.”
The combined company is expected to generate net sales of around $560 million and adjusted EBITIDA of approximately $64 million for the 12 months ending June 30 2026.
The transaction is worth around $232 million.
