I found this on www.antiquefishingreels.info
Ocean City specialized in making salt-water reels in Philadelphia, Pa., from 1923 to 1968. During its history, the company absorbed, in 1935, Montague City Rod & Reel Co., Montague City, Mass., and, in 1939, the Edward vom Hofe Co., New York City, which made some of the finest reels on the planet for many years. During its later years, Ocean City produced many baitcasting reels, but none has significant value. The company was bought by the makers of True Temper tackle.