ATLANTA, April 17, 2020 /PRNewswire/ -- Marine
Products Corporation (NYSE: MPX) announced today that a foundation
controlled and funded by the Company's majority shareholder has
initiated significant community support in Berrien County, GA, the community in which its
Chaparral Boats subsidiary is located.
The O. Wayne Rollins Foundation is making a donation of
$100,000 to The Caring Place, a local
non-profit organization that provides access to basic resources to
the surrounding community. This contribution will enable The Caring
Place to enhance the frequency of its food distribution program
located in Nashville, the county
seat of Berrien County.
"Chaparral Boats has operated in Nashville since 1976," stated Richard A. Hubbell, Chief Executive Officer.
"This community and its support mean a great deal to us. In turn,
we have always been proud of our involvement in the local economy,
and we are pleased to participate in a meaningful way to support
our employees, their families, and the broader community in
Nashville and Berrien County."
Chaparral Founder Buck Pegg
continued, "On behalf of our community and our employees we are
very fortunate to have the support of the O. Wayne Rollins
Foundation. The Rollins family have been great champions of our
company throughout many decades. Our loyalty and dedication to our
employees and our community is always a top priority to ensure our
decisions and commitments are made in the best interest of those we
proudly serve."
The O. Wayne Rollins Foundation is named for the founder of a
number of public and private companies, including Marine Products
Corporation. The foundation's efforts have historically emphasized
the support of U.S. colleges and universities with a focus on
medical research and public health issues.
Marine Products Corporation (NYSE: MPX) is a leading
manufacturer of fiberglass boats under three brand names:
Chaparral, Robalo and Vortex. Chaparral's sterndrive models include
SSi and SSX, along with the Chaparral Surf Series.
Chaparral's outboard offerings include various models, such as OSX
Luxury Sportboats, the 257 SSX, and SunCoast Sportdecks. Robalo
builds an array of outboard sport fishing boats, which include
center consoles, dual consoles and Cayman Bay Boat models.
Chaparral also offers jet powered boats under the Vortex brand
name. The Company continues to diversify its product lines
through product innovation. With premium brands, a solid
capital structure, and a strong independent dealer network, Marine
Products Corporation is prepared to capitalize on opportunities to
increase its market share and to generate superior financial
performance to build long-term shareholder value. For more
information on Marine Products Corporation visit our website at
MarineProductsCorp.com.
For information about Marine Products Corporation or this event,
please contact:
Ben
Palmer
Chief Financial Officer
(404) 321-7910
irdept@marineproductscorp.com
Jim Landers
Vice President, Corporate Finance
(404) 321-2162
jlanders@marineproductscorp.com
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SOURCE Marine Products Corporation