Good Harbor Fillet

CREO Capital Partners purchased Good Harbor Fillet Company out of bankruptcy in October 2005. Good Harbor, founded in 1985, had suffered from cost overruns and manufacturing disruptions caused by the company’s construction of a new 67,500 Gloucester, Massachusetts manufacturing plant. After significant diligence, CREO viewed the company as a good operator and owner of an attractive brand and noted the synergies between it and CREO’s other food companies. Throughout the transaction, CREO added value in a number of ways:

• Worked diligently with management to devise a clean plan of reorganization
• Negotiated with creditors and vendors resulting in a unanimous approval of the bankruptcy plan
• Supported management throughout the process
• Provided strategic leadership for the business post-reorganization
• Infused capital to support growth and fund working capital