Siegel Bros. Supply Co. was founded in 1919 by two brothers as a small local hardware store in Greenpoint, Brooklyn. But the founders saw opportunities beyond serving the needs of the local residents who were fixing their houses. Greenpoint was a burgeoning manufacturing hub and the company, under the leadership of Jacob Siegel, began to do business with the local foundries, metal fabricators, smelters and other heavy manufacturers.
After Jacob, his wife Sadie operated the business until son Martin took over and the business thrived on through to the next generation, headed by Jay Siegel. Now operated by the third generation of Siegels with the fourth generation right behind, the company continued to add new products, widen its base of manufacturing customers until long-term planning recognized the shrinkage of heavy manufacturers. Like many a flexible entrepreneurial company, Siegel Bros. realized it had to change focus and found new success in the construction market. Expanding the business east to take advantage of the active Long Island economy was the next step and today, Siegel Bros. is considered one of the best distributors of construction products in the NY area.
Long Island is proud to now host this long running small business at its new facility in Deer Park. Financing for the 20,000 foot building is being provided by Citibank for 50% of the project cost and Long Island Development Corporation for 40% of the project cost. The total package provides Siegel Bros. with the means to stabilize its operations, expand and plan for at least another 85 years of successful family owned business!
Siegel Bros. Is a project financed with a long term low fixed rate SBA 504 second mortgage loan provided by Long Island Development Corporation.