MasterCraft to Acquire Marine Products Corp in $232 Million Merger

Consolidating the Marine Market

Under the terms of the agreement, Marine Products shareholders are set to receive $2.43 per share in cash along with 0.232 shares of MasterCraft common stock for each share held. Upon completion, legacy MasterCraft shareholders will retain a 66.5% majority stake in the combined entity, while Marine Products investors will hold the remaining 33.5%.

The merger is designed to leverage MasterCraft’s engineering focus alongside Marine Products’ existing market reach. According to a joint statement, the combined company intends to share manufacturing best practices to drive operational flexibility and increase collective purchasing power. The move effectively diversifies their portfolio across multiple boating categories, ranging from performance towboats to stern-drive and outboard models.

Beyond manufacturing efficiencies, the companies highlighted the strategic value of their complementary dealer networks. By integrating these channels, the new entity expects to accelerate expansion into key geographic markets where one brand previously lacked a significant presence. Leadership emphasized that the increased scale would better position the company to navigate shifting consumer demand within the recreational boating industry.