An announcement from MasterCraft Boat Holdings ( (MCFT) ) is now available.
MasterCraft Boat Holdings, Inc. has announced the sale of its Merritt Island, Florida boat manufacturing plant for $26.5 million to RMI Holdings, Inc., the parent company of Regal Boats. This transaction, expected to complete in the fiscal second quarter, reinforces MasterCraft’s strong financial position and supports its strategic initiatives across its brands. The deal includes customary terms and conditions and signals a continuation of boat building heritage in the Merritt Island community by a respected local partner.
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