Maryland-based Sea Watch International, the largest integrated producer of clam products in the U.S., on Friday completed the acquisition of Bar Harbor Foods, a leading producer of branded quality seafood products for retail.
Bar Harbor's specialty seafood and other fine foods are made in small batches and packed and canned mostly by hand, just like people on the coast of Maine have been doing for generations.
Bob Brennan, the CEO of Sea Watch International, commented: "The acquisition of Bar Harbor will strengthen Sea Watch's position and growth in the U.S. retail segment. Our integrated production capabilities and highest quality standards will further support the rapidly growing Bar Harbor brand to become the priority choice for our retail customers across the U.S. Sea Watch is excited to welcome Michael Cote and his team at Bar Harbor into the Sea Watch family."
Ignacio Kleiman.
Antarctica Advisors is an independent M&A advisory firm providing its corporate clients in the Seafood Industry with wide range of specialized investment banking services.
Antarctica's Seafood Team maintains a widely recognized track record of deal origination and execution unique to the investment banking industry.
Ignacio Kleiman, Managing Partner of Antarctica, commented: "This is a highly strategic transaction for our client and for the future of the Bar Harbor brand."
"As the U.S. consumers are increasingly looking to buy sustainable seafood products, the management of Sea Watch recognized the need to offer its retail customers high quality products where Sea Watch maintains control of the production and quality process from the ocean to the plate."
Sea Watch International is a seafood company based in the Chesapeake Bay region of Maryland and has been a major supplier of clams for over 35 years.
"Our highly-specialized M&A Seafood Team played an important role in identifying the opportunity and execute the transaction for the benefit of our client," said Kleiman.
About Antarctica Advisors
Antarctica Advisors LLC is an independent strategic and financial advisory firm formed by a group of seasoned investment banking professionals with expertise in M&A advisory and private equity and debt capital raising. Antarctica's team of experienced professionals provides corporate clients with knowledge-based, senior-level financial and strategic advice. Antarctica's offices are strategically located in Miami, Florida, and Santiago, Chile, providing close connection to its corporate clients in the Americas, Europe and Asia.
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(UNITED STATES, 9/7/2016)
