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cookie display trays in different colors, a line of plastic
window display stands, and a motorized carousel tray. Petitioner
began producing racks, cabinets, and covers in the 1960's.
Isidore Klein continued to invent products in the 1960's and
1970's that petitioner manufactured and sold.
Isidore Klein designed most of the products in petitioner’s
catalog. He developed many products that became widely accepted
in the baking industry in the New York metropolitan area.
Baker’s Aid, a national seller of baking equipment with annual
sales of about $40 million during the years in issue, has been an
important customer of petitioner’s since the 1950's. Baker’s Aid
became petitioner’s biggest customer largely due to Isidore
Klein’s innovative products.
2. Steven Klein
Steven Klein worked for petitioner part time and during the
summer beginning in the late 1950's when he was in high school.
He began working full time for petitioner in September 1963,
after he had finished 2 years of college. From 1963 to 1980, he
performed most of the jobs in petitioner's business. For
example, he worked in the factory, welded, made purchases, and
prepared sketches for special orders.
D. Petitioner’s Move to Port Washington and the 1984 Guaranty
Agreement
On November 1, 1984, petitioner guaranteed a $995,000
industrial development loan to Steven Klein to buy a building in
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Last modified: May 25, 2011