Tag Archives: MasterCraft

MasterCraft introduces the X26

VONORE, Tenn. – MasterCraft (NASDAQ:MCFT) today unveiled the new X26, the latest addition to its 2016 boat line. Handcrafted in MasterCraft's U.S.-based manufacturing facility in Vonore, Tenn., the X26 has been built using materials including precision-cut fiberglass, hand-stitched upholstery, improved gelcoat gloss levels and retention as well as jewel-like billet aluminum. The X26's interior offers an adaptable layout that morphs ...

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Ilmor Marine celebrates production of its 10,000th marine V8 engine

MOORESVILLE, N.C. – Ilmor Marine, LLC marked the production of its 10,000th marine V8 engine, a MV8 6.0L, with a celebration at its Mooresville, North Carolina headquarters. Representatives from Ilmor, Penske Corporation, GM Marine, ZF Marine and other key partners and suppliers were present for the starting of the 10,000th engine by Miles Atkins, Mayor of Mooresville. Also present were ...

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MasterCraft closes IPO

MCBC Holdings, Inc. (Nasdaq:MCFT), owner of the MasterCraft brand, today announced the closing of its initial public offering of 6,071,429 shares of common stock at a price to the public of $15.00 per share. The shares began trading on The Nasdaq Global Market on July 17, 2015 under the symbol "MCFT." The underwriters have also delivered notice that they intend ...

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MasterCraft set for $85 million IPO

MasterCraft announced its terms for its pending IPO this week, NASDAQ reported. The Tennessee-based tow boat manufacturer plans to raise $85 million by offering 6.1 million shares at a price range of $13 to $15. At the midpoint of the proposed range, MasterCraft would command a fully diluted market value of $266 million and an enterprise value of $271 million. ...

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MasterCraft responds to Malibu patent suit

In the wake of a patent infringement suit from Malibu Boats, MasterCraft says it "strongly denies" the allegations in the lawsuit. Malibu filed the suit Monday, claiming that MasterCraft’s Gen 2 and NXT surf systems violate Malibu's patent. The full statement: “It is our general policy not to comment in detail on litigation matters. However, MasterCraft strongly denies the allegations ...

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Malibu files patent suit against MasterCraft

Malibu Boats has filed a lawsuit for patent infringement against MasterCraft Boat Company The complaint, filed in the United States District Court for the Eastern District of Tennessee, alleges that MasterCraft's Gen 2 Surf System and NXT Surf System violate Malibu's U.S. Patent No. 8,578,873. According to the complaint: Seeking to regain market share that Malibu has gained and defended ...

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MasterCraft adds central California dealer

MasterCraft announced it is partnering with ETCO Marine of Central California. ETCO Marine, which has No. 1 market share for the region, was founded by Earl Towsley nearly 50 years ago. With its focus on family values and complete customer satisfaction Towsley, along with business partners Alan and Chad Borba, created what has now become one of the most loyal ...

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MasterCraft Boats teams up with ESPN X Games

MasterCraft Boats and ESPN’s X Games have announced a renewed collaboration providing an entirely new platform to showcase the latest, boundary-pushing athletes in both wakeboarding and waterskiing. MasterCraft Throwdown and Real Wake Driven by MasterCraft will debut as part of the World of X Games series on ABC this summer. The invitation-only, inaugural MasterCraft Throwdown is set to take place ...

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MasterCraft adds award-winning dealer, Skiers Marine, to network

VONORE, Tenn. – MasterCraft is pleased to announce it has secured a new agreement with one of the country’s top performing marine dealers, Skier’s Marine in Alabama. The agreement signals both the mutual mission of MasterCraft to work with premium retailers and Skiers Marine’s vision to work with the leading marine brands. Skier’s Marine, founded in 1995, has grown from ...

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