Marine Products Corporation Acquired by MasterCraft Boat Holdings | Consumer M&A Deal

MasterCraft Boat Holdings has completed the acquisition of Marine Products Corporation, a consumer other business in the United States, for $232 million. MasterCraft Boat Holdings acquisitions add the Chaparral sportboat and wakesurf range and the Robalo saltwater fishing and center-console lineup to its recreational marine portfolio. Marine Products Corporation operates as Marine Products Group, LLC after delisting from the New York Stock Exchange, supporting consumer boat sales across performance sport boats, pontoons, and fishing boats. The strategic acquisition is structured as a platform acquisition by a strategic buyer, funded entirely with cash on hand and expected to be accretive to adjusted earnings per share from fiscal 2027, with projected annual cost synergies of about $6 million.