What is Miceli & Oldfield?
Founded in 1968 by Joseph Miceli and Donald Oldfield, Miceli & Oldfield has evolved from a modest egg store into one of Michigan's largest full-line dairy companies. The company, now in its third generation of family ownership, serves over 1,000 clients across Michigan, including restaurants, clubs, hospitals, hotels, bakeries, and retail food markets. Leveraging a state-of-the-art 42,000 square foot distribution warehouse and a fleet of 20 refrigerated trucks, Miceli & Oldfield emphasizes timely delivery of quality food products at competitive prices. Its sustained growth over five decades is attributed to a commitment to name-brand quality, excellent service, and strategic pricing.
How much funding has Miceli & Oldfield raised?
Miceli & Oldfield has raised a total of $1M across 2 funding rounds:
Debt
$350K
Debt
$650K
Debt (2020): $350K with participation from PPP
Debt (2021): $650K led by PPP
Key Investors in Miceli & Oldfield
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Miceli & Oldfield?
The substantial enterprise-level financing indicates a strategic move by Miceli & Oldfield to further solidify its market leadership and potentially expand its operational capabilities. This capital infusion is likely to support enhancements in logistics, fleet modernization, or broader market penetration within Michigan and potentially adjacent regions. The company's long history and focus on operational efficiency suggest that this investment will be directed towards reinforcing its competitive advantages and ensuring continued service excellence to its diverse client base.
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