MasterCraft Agrees To Sell Merritt Island Boat Manufacturing Plant, The Transaction Remains Subject To Customary Closing Conditions And Is Expected To Be Completed In Q2; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
MasterCraft Boat Holdings, Inc. has agreed to sell its Merritt Island boat manufacturing plant, with the transaction expected to close in Q2. Financial terms were not disclosed.
September 12, 2024 | 12:07 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
MasterCraft Boat Holdings is selling its Merritt Island manufacturing plant, with the deal expected to close in Q2. This move follows the transfer of its Aviara brand rights to a third party.
The sale of the Merritt Island plant is a strategic move following the transfer of the Aviara brand. While the financial terms are undisclosed, the transaction's completion in Q2 could impact MCFT's operations and financials. However, without financial details, the immediate stock impact is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100