Chaparral enters yacht market

ATLANTA – Marine Products Corp.’s (NYSE: MPX) Chaparral subsidiary took a leap into the big boat market with the introduction of the 400 Premiere Sport Yacht at its recent 2009 International Dealer Conference in Fort Myers, Fla., the company reported in a statement yesterday.

"We wanted to bring the Chaparral style to yachting," said James A. Lane, Jr., president of Chaparral. "Our goal was to create the ultimate sport yacht and to take luxury boating where it has never been before. We see the Sport Yacht segment as a growing and highly profitable market. Chaparral's expansion into bigger boats is a natural progression given our history and engineering capabilities, and the 400 Premiere has been met with widespread acceptance."

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