What is Marine Products Corporation? |
Marine Products Corporation (NYSE: MPX) is the third-largest builder of sterndrive powerboats in the U.S. The company designs, manufactures and distributes premium-branded Chaparral sterndrive pleasure boats and Robalo outboard offshore fishing boats, and continues to diversify its product line through product innovation and strategic acquisition. Chaparral was founded in 1965, and moved to its current facility in Nashville, Georgia in 1976. A decade later, RPC Energy Services acquired Chaparral. Having experienced dramatic growth and seeing numerous opportunities to further expand its business, Chaparral was spun off into Marine Products Corporation by RPC in February 2001, and Robalo was acquired in June 2001. Chaparral models have been named "Boat of the Year" eight times and received 24 recognitions for product excellence, and most recently, Chaparral was selected among the elite boat builders by the National Marine Manufacturer's Association for its first ever Customer Service Index award. With premium brands and a solid capital structure, Marine Products Corporation is prepared to capitalize on opportunities to increase its market share and to generate superior financial performance to build long-term shareholder value.
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Jan 26, 2009
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