Marine Products stock converts into MasterCraft shares and cash

Marine Products stock converted into 0.232 MasterCraft shares plus USD 2.43 in cash per share on May 15, 2026. Business Wire reported that the completed combination brought Marine Products into MasterCraft Boat Holdings and added the Chaparral and Robalo brands.

Exchange terms set the value

The exchange structure combined equity and cash rather than using a cash-only payment. Each Marine Products share carried a right to 0.232 MasterCraft shares and USD 2.43 in cash, according to the transaction terms summarized from the fiscal 2026 filing by StockTitan. That ratio gives investors a concrete measure of how the former MPX equity was transferred into the combined company.

The transaction closed on May 15, 2026, and the reporting period that followed captured six weeks of operating contribution from the acquired brands. The date matters because the post-merger figures are partial rather than a full-year result for Marine Products.

Chaparral and Robalo add measurable sales

The new Recreation and Sport Fishing segment generated USD 33.3 million in incremental net sales during those six weeks, Business Wire reported on September 10, 2026. The acquired operations also contributed USD 1.8 million in adjusted EBITDA during the same period, making the revenue contribution visible but still limited to six weeks of ownership.

The comparison between USD 33.3 million in sales and USD 1.8 million in adjusted EBITDA shows why the first post-combination figures need a period adjustment before investors compare them with a standalone annual result. The business now sits inside a broader recreational marine portfolio that also includes MasterCraft and additional operating segments.

Marine Products enters a new structure

Marine Products Corporation was a recreational products manufacturer whose Chaparral and Robalo brands now form MasterCraft's Recreation and Sport Fishing segment. The May 15, 2026, conversion of each share into 0.232 MasterCraft shares and USD 2.43 in cash marks the central reference point for former MPX shareholders.