The story
After a short tenure attending college for Dentistry, in 1964 Pegg went to work at his father's company where he manufactured fiberglass goods. Pegg's father started the company in 1961, called Fiberglass Fabricators, he produced fiberglass components for many different industries, including the marine industry. Reggie Rose acquired a 50% interest in Fiberglass Fabricators in 1963 and helped build a customer base. Fiberglass Fabricators produced their first boat hulls in 1964 and was producing their own complete boats by 1965. Fiberglass Fabricators then started to focus all their efforts on manufacturing boats and shy away from other products. Among other innovations, Rose developed a process for Pompanette Fishing Chairs to make molded fiberglass seat boards, arm rests and seat backs. This process is still in use today.
From Wikipedia’s article on Chaparral Boats, shared under CC BY-SA 4.0.3