Marine Products Corp. Completes MasterCraft Merger, Delists from NYSE
Summary
Marine Products Corporation has officially completed its merger with MasterCraft Boat Holdings, Inc., resulting in its delisting from the NYSE and the conversion of its shares into MasterCraft stock and cash.
Key Events · M&A and Partnerships · MPX
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Merger Completed
Marine Products Corporation has officially completed its acquisition by MasterCraft Boat Holdings, Inc. on May 15, 2026, as previously announced.
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Share Conversion
Each share of Marine Products common stock was converted into 0.232 shares of MasterCraft common stock and $2.43 in cash.
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Delisting from NYSE
Marine Products Common Stock (MPX) ceased trading on the NYSE before the open of business on May 15, 2026, and will be deregistered.
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Change of Control and Management
Marine Products is now a wholly-owned subsidiary of MasterCraft. All former Marine Products directors and executive officers have resigned, with new leadership appointed from MasterCraft.
Analysis · MPX · Manufacturing
This 8-K confirms the official closing of Marine Products Corporation's acquisition by MasterCraft Boat Holdings, Inc. As a result, Marine Products Common Stock has ceased trading on the NYSE and will be deregistered. Shareholders received a combination of MasterCraft stock and cash for their shares. This marks the end of Marine Products as an independent public entity and a significant change in control and management.
At the time of this filing, MPX was trading at $8.18 on NYSE in the Manufacturing sector, with a market capitalization of approximately $280M. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.