MasterCraft Boat Holdings, Inc. announced the completion of the sale of its real property located in Merritt Island, Florida. The transaction was finalized on December 23, 2024.
The property was sold to RMI Holdings, Inc. for net proceeds of $26.1 million. This sale represents a further step in MasterCraft's strategy to streamline its portfolio and focus on core operations.
The proceeds from this asset disposition contribute to the company's financial flexibility and balance sheet strength. This move allows MasterCraft to concentrate resources on its MasterCraft, Crest, and Balise brands.
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