MasterCraft Boat to Acquire Marine Products in a Cash and Stock Deal Worth $232.2 Million

MasterCraft Boat Holdings, Inc. (MCFT) entered a merger agreement on February 5, 2026, to acquire Marine Products Corporation (MPX) in a cash and stock deal valued at $232.2 million.

Deal Structure:

Marine Products shareholders will receive $2.43 per share in cash and 0.232 shares of MasterCraft common stock for each share of Marine Products they own.

This consideration implies a value of $7.79 per Marine Products share, representing a discount of 21.63% from the stock’s last close.

Company Profile:

Marine Products is a designer and manufacturer of recreational fiberglass powerboats, selling Chaparral sport and pleasure boats and Robalo sport fishing boats.

MasterCraft is a designer and manufacturer of recreational powerboats, offering performance, luxury, fishing, and pontoon boats under the MasterCraft, NauticStar, Crest, and Aviara brands.

Deal Details and Timeline:

Upon completion of the deal, MasterCraft shareholders will own about 66.5% of the combined company, with Marine Products shareholders owning roughly 33.5%.

The transaction is expected to be paid for using the cash the two companies already have on hand.

Combining MasterCraft’s category leadership in premium performance (MasterCraft) and leisure (Crest, Balise) with Marine Products’ market leadership in recreational (Chaparral) and sport fishing (Robalo) creates a more diversified portfolio to serve a broader customer base.

Brad Nelson, Chief Executive Officer of MasterCraft, will serve as the CEO of the combined company, and Scott Kent, Chief Financial Officer of MasterCraft, will serve as the CFO. MasterCraft expects to retain the Chaparral and Robalo leadership teams, brands, and employees as a separate operating unit.

MasterCraft’s Board will grow from seven to 10 members, with three new directors joining. Roch Lambert will serve as Chair of the Board of the combined company.

The combined company will be based in Vonore, Tennessee, and will continue to operate the Chaparral and Robalo facilities in Nashville, Georgia.

The deal is expected to close in the second quarter of 2026.

LOR, Inc., Marine Products’ majority shareholder, has entered into a voting agreement to support the deal.

Truist Securities served as financial advisor to Marine Products, with legal advice provided by Alston & Bird and Potter Anderson & Corroon. MasterCraft received financial advice from Wells Fargo and legal advice from King & Spalding.

MasterCraft Boat is acquiring Marine Products at 17.84 times its EBITDA.

Deal Metrics:

For comprehensive details on this M&A transaction, please visit the Deal Metrics page at:

Deal Metrics for the acquisition of Marine Products Corporation (MPX) by MasterCraft Boat Holdings, Inc. (MCFT)

The Deal Metrics page for each merger or acquisition includes:

• A spread history chart of the merger from announcement through eventual completion or failure.
• Progress updates including the expiration of the HSR period, regulatory approvals, shareholder votes, etc.
• News and SEC filings.
• A history of deal updates.
• And a whole lot more.

Disclaimer: This article is for informational purposes only. Please conduct your own due diligence before buying or selling any securities mentioned in this article. We do not guarantee the completeness or accuracy of the content or data provided in this article.

Editor’s Note: Baranjot Kaur contributed to this article