Third-quarter net sales at Marine Products Corp. dipped about 10 percent to $37.9 million with gross profits seeing a 10 percent drop because of the sales decrease.
Chaparral is built in Georgia by its publicly traded parent company, Marine Products Corp. Founder Buck Pegg and president Jim Lane have led the company since its inception in 1977. Chaparral builds seven models, including sportboats, sport decks, towboats, cruisers and sport yachts.
Chaparral Boats is back into outboards.
Chaparral and Robalo’s Jim Lane and Buck Pegg were named by Boating Industry magazine as its Movers & Shakers of the Year for 2014.
Georgia Gov. Nathan Deal celebrated the 50th anniversary of Chaparral Boats by presenting company founder Buck Pegg and president Jim Lane with a special commendation Thursday at Chaparral and Robalo’s headquarters in Nashville, Ga.
Chaparral and Robalo Boats awarded more than $50,000 in college scholarships to five graduating seniors within the Chaparral and Robalo family.
Chaparral and Robalo said three of its dealers received best-display awards during the 2014 boat show season.
Chaparral Boats gave more than 150 dealers a preview look at the new Vortex jetboat line at the company’s recent advanced sales seminars in Valdosta, Ga.
Marine Products Corp., parent company of Chaparral and Robalo, is a well-run company that has been “one of the few stars of this sterndrive market that’s been under so much pressure.”
Chaparral and Robalo might have made successful entries into the smaller and entry-level boat market, but the brands continue to focus on all of their models between 18 and 37 feet. “We feel the cruiser market has been slow for everyone and so we have not put as much emphasis in developing cruisers over 37…more
Chaparral and Robalo builder Marine Products Corp. is focusing on smaller and entry-level boats moving forward, shifting focus away from the 35-foot-and-above market.