MasterCraft Boat to merge with Marine Products in a $232m deal.

MasterCraft Boat, an innovator, designer, and manufacturer of premium performance and leisure powerboats, agreed to merge with Marine Products, a manufacturer of recreation and sport fishing powerboats, in a $232m deal. The combination of MasterCraft and Marine Products brings together two iconic, market leading American recreational marine companies. The combined company will benefit from a more diversified portfolio of leading brands – MasterCraft, Crest, Balise, Chaparral, and Robalo – in attractive categories supported by advanced product development and manufacturing platforms as well as an expanded dealer network.