MasterCraft Owner Buys Hydra-Sports
MasterCraft Boat Co. CEO John Dorton confirmed yesterday that the holding company that owns MasterCraft bought Hydra-Sports last week from Genmar at auction for $1 million. Both brands are now owned by Wayzata Investment Partners, a Minneapolis-based investment firm. Dorton said, "We just think it's a nice fit. It's a very high-end product," he added. "It doesn't compete with our core line of MasterCraft. We have capacity in Vonore (Tenn.) at our plant."
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