Five years after Tribeca Oven Inc. moved to Carlstadt from Brooklyn, the
high-end bakery’s fortunes are on the rise.
Company officials said revenue has tripled since 2005 after Tribeca switched
from selling fresh bread to frozen. On Tuesday, the New Jersey Economic
Development Authority (EDA) gave preliminary approval to a $4 million tax-exempt
bond issue to help the company expand.
The issue, if given final authority approval, will fund the purchase of a
state-of-the-art thermal-oil oven made in Italy and Germany. The oven will
reduce the company’s energy bill for baking by 25 percent and enable it to
triple production to 35,000 loaves a day, said Peter Lobel, chairman and
part-owner.
That would boost the company’s current workforce from about 170 employees to 190
or so, he said.
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