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

MasterCraft Boat Holdings has completed the acquisition of Marine Products, a consumer other business in Tennessee, for $2.43 per share. Marine Products manufactures recreation and sport fishing powerboats and supplies brands used by recreational boaters, supporting MasterCraft Boat Holdings acquisitions in the recreational marine market. MasterCraft Boat Holdings acquisitions add complementary coastal and inland dealer networks and expand brand coverage across MasterCraft, Crest, Balise, Chaparral, and Robalo, strengthening consumer M&A execution in TN acquisitions. The platform acquisition is a public company acquisition by MasterCraft Boat Holdings and follows a cash-and-stock consideration structure, with Marine Products common stock ceasing NYSE trading after closing.