MasterCraft Completes Marine Products Acquisition, Adds Chaparral and Robalo Brands

MasterCraft has closed its acquisition of Marine Products, paying shareholders $2.43 in cash and 0.232 MasterCraft shares for each share, and now owns Chaparral and Robalo while expanding its board to ten members.

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) completed the two‑step merger that made Marine Products Corporation a wholly owned subsidiary.

Marine Products’ stock ceased trading on the NYSE, and its assets, facilities, and workforce were transferred to MasterCraft’s control.

Analysts note the combination creates a diversified recreational boat group covering fishing, sport, and pontoon segments. The combined entity expects to leverage shared supply chains and dealer relationships. Management anticipates cost savings of approximately $50 million annually from combined overhead and procurement.

For each Marine Products share, shareholders received $2.43 in cash plus 0.232 of a MasterCraft share, with cash paid in lieu of any fractional MasterCraft shares.

After the deal, MasterCraft’s brand portfolio now includes MasterCraft, Crest, Balise, Chaparral and Robalo.

The board grew from seven to ten members, with three new directors nominated by former Marine Products shareholders under a Stockholders Agreement that also sets nomination thresholds and standstill provisions.

The broader brand lineup gives MasterCraft access to additional boat categories and dealer networks, potentially increasing cross‑sell opportunities. It also expands the company’s geographic footprint through existing Chaparral and Robalo distribution channels. The added brands also bring access to over 1,200 independent dealers across North America.

The expanded board introduces new governance ties, balancing legacy MasterCraft representation with input from former Marine Products owners. This structure aims to protect minority interests while facilitating strategic decisions. Early integration meetings have begun.

Investors will watch how the integrated company reports its first pro forma financials, typically due within 71 days of closing. They will also monitor compliance with the Registration Rights Agreement, which may trigger resale filings within 120 days.