On February 5, 2026, MasterCraft Boat Holdings, Inc. announced a definitive merger agreement to acquire Marine Products Corporation in a cash and stock transaction valued at approximately $232.2 million, aiming to enhance market leadership and operational efficiencies in the recreational marine industry.

Information on the target

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) is a leading manufacturer of premium performance boats, known for its innovation and quality in the recreational marine industry. The company has established a strong brand presence and a loyal customer base, focusing on delivering high-performance products that cater to the needs of boating enthusiasts. On February 5, 2026, MasterCraft announced its definitive merger agreement to acquire Marine Products Corporation (NYSE: MPX), a notable player in the marine sector, in a cash and stock transaction valued at approximately $232.2 million.

This strategic acquisition aims to combine the strengths of both companies, leveraging their market positions to enhance product offerings and expand customer reach. The merger is anticipated to create significant synergies, allowing for improved operational efficiencies and a broader portfolio of recreational marine products.

Industry overview in the target’s specific country

The recreational marine industry in the United States has shown resilience and growth, driven by increasing consumer interest in outdoor activities and water sports. The market has been bolstered by rising disposable incomes and a g