MasterCraft Completes Acquisition of Marine Products Corp.

MasterCraft Boat Holdings, Inc. announced the successful completion of its acquisition of Marine Products Corporation. Marine Products shareholders received $2.43 per share in cash and 0.232 shares of MasterCraft common stock for each share owned. This strategic move creates a diversified portfolio of leading brands, including MasterCraft, Crest, Balise, Chaparral, and Robalo, aiming to expand the customer base and enhance scale and innovation. Marine Products common stock has ceased trading on the NYSE.