“Facing a unique opportunity to acquire a compatible business with a modern facility, located just seven miles away, and consolidating it with our business under one roof was too good to be true. We chose to work with Michael DiNizo and Peapack-Gladstone Bank to explore, guide and support us through this “once in a lifetime opportunity.” The transaction was complicated, requiring the 'needle be thread' with precision and speed. It was clear from the outset that every Peapack-Gladstone Bank team member was professional, committed and was going to provide the highest level of service, leading to a completed acquisition of the business and the property. Andrew Glatz and the Bank’s SBA team, along with Michael and his commercial lending team, honored timelines, forecasts, and worked with the tenacity necessary to overcome obstacles and bring the project to a successful conclusion. We’re delighted to be working with such an exceptional group of Bankers.”– Paul Hamilton, Chief Executive Officer
Sweet Tooth Enterprises, LLC., owns and operates Micelli Chocolate Mold Company, along with Aztec Tooling & Injection Molding Company, from its newly acquired modern facility in Long Island, New York. Established in 1947, Micelli, the only chocolate and confectionary injection mold manufacturer in North America, has led and adapted to changes in molding technologies, at the intersection between artistry and engineering functionality, for decades. Aztec has been servicing the medical, POP displays, packaging, electronic and industrial fields since 1977. The company’s engineering and manufacturing services extend from product design, mold construction, mold testing, part production and final part evaluation. With a range of toolmaking and injection molding equipment rarely seen under one roof, Micelli and Aztec offer customers a full range of services from concept to design, through evaluation, to a final functioning and approved part, with access to a knowledgeable team committed to exceptional service and support.
Michael DiNizo, Private Banker, Commercial and Industrial Lending
Andrew Glatz, Private Banker, Head of SBA Lending
