Marine Products to be acquired by MasterCraft for ~$7.79/share; Q4 net sales up 35%

MARINE PRODUCTS CORP

MasterCraft acquires Marine Products for $2.43 cash + 0.232 MCFT shares per MPX share, total ~$7.79/share.
Transaction valued at ~$232.2M net of cash; implies ~7.2x expected EBITDA (adjusted for $6M cost savings).
Pro forma combined net sales ~$560M, adjusted EBITDA ~$64M for 12 mo ending Jun 30, 2026; accretive to adj EPS in FY2027.
Marine Products Q4 net sales $64.6M (+35% YoY); net income $2.4M (-45%); adj diluted EPS $0.10.
Closing expected Q2 2026; LOR, Inc. (majority holder) agrees to vote in favor; MasterCraft CEO to lead combined company.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.