Now with the financial backing and operational support of CounterPoint and Tomich Brothers, West Bay is well positioned to expand into additional products and markets.
Los Angeles, CA (PRWEB) May 20, 2013
CounterPoint Capital Partners announced today that it has completed its latest acquisition in the Pacific wetfish industry, acquiring substantially all the assets of West Bay Marketing, Inc. Financial terms of the acquisition were not disclosed.
A family owned and operated company since it’s inception in 2002, West Bay has become a leading processor of wetfish from its facilities in Astoria, Oregon, specializing in sardines, for distribution throughout North America and Asia.
“This acquisition represents a great strategic fit for us,” said Eric Willis, Managing Partner, CounterPoint. “West Bay’s processing footprint in Oregon and outstanding reputation for high quality products provide significant geographic and species diversification to our existing wetfish investment in California, Tomich Brothers.”
Dana Ferguson, Plant Manager of West Bay’s facilities in Astoria, added, “Now with the financial backing and operational support of CounterPoint and Tomich Brothers, West Bay is well positioned to expand into additional products and markets.”
CounterPoint was represented by Raj Puri of Clark & Trevithick (M&A) and Matthew Wrysinski of McGuireWoods (banking).
About CounterPoint Capital Partners
CounterPoint Capital Partners (http://www.counterpointcp.com) is a Los Angeles-based investment firm focused on acquiring lower-middle market companies headquartered throughout the United States and Canada with $10 million to $200 million in annual revenues. CounterPoint looks for complex situations caused by operational, succession, or financial challenges within a company or industry and, by developing a close partnership with management teams and other stakeholders, implements structural and operational improvements to put portfolio companies on a successful trajectory.
About West Bay
West Bay is a leading wetfish processor located in the Port of Astoria, Oregon. Specializing in sardines, the company has enjoyed a reputation as a leading global provider and value-added processor of highest quality seafood indigenous to Oregon waters.
About Tomich Brothers
Located in the Port of Los Angeles, Tomich Brothers is one of the leading wetfish processors on the West Coast and has been supplying the world with seafood indigenous to California waters for over 75 years. With offloading and processing facilities in Los Angeles, San Diego, and the Monterey Peninsula, Tomich has the capability and the experience to handle perishable fishery products to the highest standards.