rich thompson factory

Two businesses have already moved into Factory: Mikeys, which sells gluten-free goods in 3,500 stores, and Honey Stinger, an energy-food company from Steamboat Springs, Colo. Thats in part, Cunningham said, because of the potential spin-out of more out-of-area companies finding out about Factory and relocating to the Valley. During the tour at Factory, Thompson paused beneath a platform with multiple video screens behind him and a refurbished Bethlehem Steel crane above him. Shannon earned her B.A. Barbara has diverse experience in consumer insights, business development sales, event planning, and digital marketing. Monitor your investments 24 hours a day, around the clock from around the globe. Founder Michael Tierney has been pioneering the proprietary process for a decade. Most recently, she worked as a senior accountant for a global medical device organization, where her specialties included benefit plans and asset accounting. Liz graduated from Moravian College with a B.A. Just north of Route 22 in Lehigh Valley, along a mile stretch that includes medical equipment, plastic bottle and pet food manufacturers, a new factory for a company called Stuffed Puffs looms with a smiling marshmallow painted across the otherwise innocuous faade. Accomplished manufacturing entrepreneur Rich Thompson and his team of seasoned pros have spent the last five years luring innovative food, beverage and pet food (Think Freshpet) companies to the Lehigh Valley and helping them to scale up at a business innovation center named Factory LLC in south Bethlehem. His multidisciplinary skills span digital and traditional media, and his experience includes print and packaging design, digital solutions, brand identities, and integrated campaigns. Its something you want to be around, a private equity group with all the resources that allow a company to have the resources of a $100-million company. ""At Factory Manufacturing, we provide the highest quality powders and are constantly innovating and seeking taste and texture solutions that will also optimize costs and get products to market faster."". ROAR Founder Roly Nesi said what he loves about the new powder product line, recently launched on television shopping network QVC, is the ability to test and try out new things. By the time Thompson left his post as CEO in 2016, Do Not Sell/Share My Personal Information. His job responsibilities include managing the Factory team and investments across 12 companies and two manufacturing plants. Heathers background is in residential and commercial facility care. Marla is a strong leader and problem solver with deep operational, financial, and managerial experience in the food industry. "I owned 100 acres on Caye Caulker. In previous roles at FLSmidth Inc., where she was promoted several times, she was responsible for managing supplier relationships, negotiating package agreements, and ensuring on-time delivery of equipment and supplies. in applied science and technical leadership from Bloomsburg University. Giu 11, 2022 | how to calculate calories per serving in a recipe. SUMMARY Career WAR 0.9 W 3 L 4 ERA 4.21 G 82 GS 0 SV 0 IP 104.2 SO 105 WHIP 1.357 Rich Thompson Overview At Factory Manufacturing, we provide the highest quality powders and are constantly innovating and seeking taste and texture solutions that will also optimize costs and get products to market faster. The company is a an innovation center for new food and beverage companies located at 315 Columbia St. in Bethlehem, Pa. May 3rd, Trio Generations @ Faircraft BrauHaus Fairport NY, 7-9pm no cover. Marcy manages our relationships with co-manufacturersfrequently traveling to be on-site for production runsand leads efforts to improve efficiencies, product quality and cost savings. Petrucci Co., was among the 5.2 million square feet of industrial space delivered so far this year in Lehigh and Northampton . What happened?When I was 32 I met Kristen, my future wife, in a Republic Airlines boarding line at Minneapolis Airport. It was at capacity in six months. She helped me get rid of the 210. Rich Thompson - Senior Portfolio Manager - Arcis Golf | ZoomInfo Mike Tierney, who founded Mikeys in Scottsdale, Ariz., in 2014, said he moved his headquarters and two employees to the Lehigh Valley from Arizona to join Factory, bolstered by Thompsons enthusiasm and Factorys $5 million investment in his company. Rich Thompson is Managing Partner/Founder at Factory LLC/The. Meet Richard Thompson, Founder & CEO of Factory LLC - YouTube Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. But its not a manufacturing site. In this capacity, he is responsible for overseeing the performance a Read More Contact Rich Thompson's Phone Number and Email Last Update 11/24/2022 9:44 AM Email r***@arcisgolf.com Engage via Email Contact Number (972) ***-**** Engage via Phone Mobile Number We have homes in Southampton [N.Y.]; Sun Valley, Idaho; and Los Cabos, Mexico; and we use the plane to fly there.What is your management style?Totally hands on.How do you do that in a big company like Meow Mix?You get involved. The transportation of the products to market will be cheaper because the packets weigh less than bottled beverages, requiring less fossil fuel. Elias earned his B.S. Rich Thompson Profiles | Facebook As founder and managing partner at Factory LLC, Rich Thompson leads a one-of-a-kind investment company that, in addition to capital, provides strategic guidance to food, beverage and pet. Their goal was to partner with a select group of highly ambitious founders/entrepreneurs to help small businesses quickly become big brands. rich thompson factory - open-source-erp.com Dylan interned with Factorys research and development department before joining the team full-time in 2020. But when most start-ups get done hiring teams, funding infrastructure and cost-of-goods, and squirreling away working capital, there is often not much left to build the brand, support distribution and drive velocity. Donna has worked in consumer brands with Rich Thompson for over 17 years, first as executive assistant at Meow Mix, then as senior executive assistant at Freshpet, and now as director of office operations at Factory, where she works with the partners in managing the day-to-day activities of the company. Analee has a project management professional certification and a B.S. She helps Factorys brand partners develop and refine their ecommerce strategies, handling everything from launching and managing ecommerce sites through forecasting and reporting. Rich helped create over $3 billion in enterprise value as CEO of American Italian Pasta Company, The Meow Mix Company and Freshpet. Rich Thompson - President - MST Steel | ZoomInfo (Photo/Marco Calderon). Website Design by Klunk & Millan, This error message is only visible to WordPress admins. Rich Thompson - CEO North America - Aeoon Technologies GmbH - LinkedIn The new building, in Lehigh Valley Industrial Park IV, is equipped to produce and package powdered drinks, supplements and energy/protein bars. These cookies do not store any personal information. We have innovation partners here and a smart, talented workforce in the Lehigh Valley.. During his tenure at Neoware, Michael successfully led global ERP and CRM implementations, directed the construction of the SaaS product line, developed numerous internal systems, and initiated many other major business process improvements. With CPG start-ups, one home run can be a lifetime achievement. Copyright 2023 Factory, LLC | All Rights Reserved. Experience is invaluable, as are the relationships built over years in the industry, and the resources that can make or break a new venture are often unaffordable. Focused on continuous improvement projects, she boosted efficiencies by incorporating descriptive and real-time analytics into business intelligence tools, which resulted in significant cost savings. Amanda spent the past decade cooking her way across the country. Managing partner of Factory LLC, Rich Thompson helped create over $3 billion in enterprise value as CEO of American Italian Pasta Co., The Meow Mix Co. and Freshpet, according to his online bio. Andra holds an MBA from DeSales University. Just as Freshpet capitalized on devoted pet owners who want refrigerated, fresh food for their cats and dogs, Thompson is looking to do the same for other niche food and beverage companies whose products draw consumers seeking unique products. One of Factorys first brand partners summed it up this way: Factory gives a $2 million company the resources of a $200 million company. That can make all the difference. How much do you fly in a year?About 400 hours, 80 percent business. That would not have happened without the innovation at Factory LLC. We made a few dollars. Nobody got COVID here that we know about, and we built this 165,000-square-foot facility.. You'll be a better pilot if you know how everything works on a plane." All rights reserved. You need to know what everyone is thinking about on a project. To be eligible for Factory, Thompson said owners must show annual sales between $2 million and $20 million and allow Factory to take a majority interest in their businesses. Pat provides comprehensive perspectives and solutions from concept to shelf, leveraging his experience in brand management, global sourcing, product development, and retail integration. Shannon holds a B.A. (Photo/Marco Calderon). Join Facebook to connect with Judith Thompson and others you may know. Designed around patented machinery and collaborative space, the project team also had to account for safety protocols such as no touch doors, digital thermometers and nursing station at the front entrance. Copyright 2023 Factory, LLC | All Rights Reserved. He chose the Lehigh Valley as the best . One of the men behind Stuffed Puffs, Freshpet, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), One of the men behind Stuffed Puffs, Freshpet has a new food operation in the Lehigh Valley, You never expect to send your son to work and never return home: Lehigh Valley ceremony remembers teen, firefighters, others who died on the job, L.V. The 40,000 square-foot innovation center offers services in everything from food safety, product development, supply chain, social media marketing, and packaging, design and engineering. Then he started to teach me how to fly. He provides technical support for the Factory team and our brand partners across over two dozen hardware and software platforms. Those design revisions make the Stuffed Puffs building among the first class of pandemic-era industrial facilities. Tyler graduated from Penn State Lehigh Valley with a degree in project and supply chain management. Accomplished manufacturing entrepreneur Rich Thompson and his team of seasoned pros have spent the last five years luring innovative food, beverage and pet food (Think Freshpet) companies to the Lehigh Valley and helping them to scale up at a business innovation center named Factory LLC in south Bethlehem. Yadira has ten years of experience in supply chain operations, project execution, inventory planning, and streamlining business processes. 10/31/2005 to 07/31/2018. . Los Angeles Angels recalled Rich Thompson from Salt Lake Bees. We should have up to 45 people at some point. I like to do what you see here, because nobody has done it before, said Thompson, claiming Factory is a one-of-a-kind operation in North America in terms of its specific business concept. We wanted to provide quality manufacturing with innovation in both product and in packaging.. The Lehigh Valley is an ideal location within driving distance of a third of the U.S. population. Brand building and scaling-up are both very challenging, and it is foreign territory for most entrepreneurs. Read More . His plan was to take an idea everyone in the industry said was impossible, develop the intellectual property, and then launch the business nationally right out of the gate, discouraging competition by fast followers.. Workers Memorial 32nd Anniversary ceremony | PHOTOS, Baby alligator found at Allentown wastewater treatment plant, Bryan Kohbergers former school district wont talk. The next thing Krajsa knew, he and other school officials were boarding Thompsons plane to meet representatives at Penn States main campus. His knowledge base includes Six Sigma and Minitab software, a certification in SAP, and understanding of forecasting techniques and ERP systems. I'm sitting in meetings, listening to people and giving feedback. The gym, lo[]. "Zoo" means all animals and "too" means you, too, can be helpful. Over the past 10 years she has contributed to a variety of creative teams- developing, designing, and coordinating the production of home goods, largely in the kitchen category. Her high standards, attention to detail and always-upbeat attitude are valued by everyone on the Factory team. All his business life, Richard Thompson worked at starting or growing companies and other ventures, raising capital for them, and even making mistakes along the way. If you continue to use this site we will assume that you are happy with it. You see this in the tech industry and in other spaces, but you dont see it in [consumer product goods], not something this immersive.. free, frozen food to subsidize his marshmallow passion. EDUCATION: El Paso Community College.PERSONAL: Age 57. Richard Thompson has led three emerging companies to exits valued at $3 billion American Italian Pasta Company (which in 15 years grew from a start-up to the second largest pasta manufacturer in the world), Meow Mix and Freshpet. Why did you buy a Hawker 700, a model that has been out of production since 1984?Because there's a big price difference between it and the Hawker 800. We have good transportation facilities and lower cost of living, Thompson said. Oct 2018 - Present4 years 5 months. If you do a good job in empowering people to take ownership, you find that you get the best ideas from the people that do the work each and every day, Tierney said. My goal is to own the mindset of people who want to find and share information about pets and meet other pet lovers. Richard H Thompson Ltd Malvern College Richard Thompson Co-Owner/President at Steel Krafts Building Materials and Supplies, Inc. Get our free e-alerts & breaking news notifications! 10/31/2005 to 12/31/2012. But within a year after we got married, Kristen said, "You're hanging out at the hangar too much. in Communications and Marketing from Franklin University. It will manufacture products for smaller companies affiliated with Factory LLC and is open to making them for unaffiliated companies. Mike has over 30 years of experience in logistics, distribution, inventory control, and supply chain management across various industries. Richard Thompson is an enthusiastic self-proclaimed entrepreneur. Since 2003, Business Jet Traveler has been providing subscribers in more than 150 countries with aviation and lifestyle news, reviews, and features. @richquincy.thompson. A look inside the Factory LLC, a new business incubator in south Bethlehem at a former Bethlehem Steel factory on Thursday, January 10, 2019. 2007 Jim Thompson Europe. Factorys website notes its proximity to Newark and Philadelphia airports. Prior to Factory, Michael worked at Goldman Sachs, Citigroup, Deloitte Corporate Finance and Israel Discount Bank, where he completed both middle market and large cap M&A and capital markets transactions in the Consumer & Retail and Industrials sectors. Factory specializes in scaling up businesses, according to the Kansas-born Thompson, who during his career led other food companies, including American Italian Pasta and Meow Mix. Linsey is a graduate of New England Culinary Institute, earned her B.A. Nicole worked in product photography for several years, first at Saks Fifth Avenue and then at Cigars International, before joining Factory. Programming Languages (9 Technologies) ASP.NET Microsoft . Tierney, then a 19-year-old college student, bantered with friends about why smores never looked like they do in commercials his problem was that the chocolate stayed hard but the marshmallow turned gooey. We built and staffed this whole thing during the pandemic. Prior to joining Factory, Keith worked for eight years with Fortress Investment Group, where he was a portfolio manager responsible for the day-to-day operations of a real estate portfolio in the U.S. and Europe. She holds a bachelors degree in accounting and finance. Here he shows off the innovation kitchen. I can still get from point A to B in comfort.Doesn't it bother you to fly in a 27-year-old airplane?No. Were talking to some fairly big contractors and theres not a lot of hydration plants on the East Coast, he said. She works closely with the digital marketing team to create social media graphics, email newsletters, and digital advertisements for Factorys brand partners. Here's his story. His areas of expertise include general accounting, month- and year-end closings, inventory reconciliation, cash flow, budgeting, and tax reporting. They need help for everything. She currently serves on the board of directors for Lehigh Valley Roller Derby. The mural is a bit of whimsy that belies the super-secret technology within the building: machines that put the chocolate inside the marshmallow. Prior to joining Factory full-time, Megan served as an intern with the social media and digital marketing team. Lead Manager. Rich Thompson: Business Profiles | ZoomInfo.com Speakers discussed the new globalization - or reglobalization and how it will be different. We launched in October 2007 and it's now the leading online community for pet lovers.Why did you decide to do a Web site for pet lovers?There are 200 million pet owners and lovers in this country. Mikeys and Stuffed Puffs brands were among the Factorys early investments. Michael is a Software Solutions expert who carries an arduously earned amount of wisdom and broad scope of experience in NetSuite Software and business solutions. Michelle has over 15 years of accounting experience, specializing in accounts payable and general accounting. From Ireland, the New Economy Gateway series brings together regional leaders to discuss, analyze and propose solutions to the global economys most pressing problems. Gun Digest Editor-in-Chief Eric Conn had the opportunity to discover the over engineering of the Thompson/Center Compass firsthand in his trip to Smith & Wessons . Richard was a big part of it, said Tierney, whose companys frozen baked goods, pizza pockets and more are sold online and at supermarkets, including several locally. We did [at least] two cities every day. Rich Thompson - LVB Read More at:. Rich Thompson Drummer | Drummer Team members write meeting notes on the glass office walls and white board partitions between desks. Factory LLC in Lehigh Valley | Made Possible in Lehigh Valley Eric has 15 years experience in all aspects of visual branding, including illustration, design, advertising, social media, and, especially, photography. Bethlehem Attorney Dorota Gasienica-Kozak, a partner in King, Spry, Herman, Freund & Faul LLC an[], PSECU, which is headquartered in Harrisburg, but has locations throughout the state, has named Gina [], Eights Gym & Fitness, a gym and fitness center, has opened for business in Alburtis. All rights reserved. Look no further than Thompson/Center's new Compass bolt-action rifle for proof. But fractionals are not cheap for what you get. Factory LLC, located in South Bethlehem is a one-of-a kind, custom-built, 40,000 sq. The project underscores the importance of manufacturing in the Lehigh Valley. APRIL GAMIZ / THE MORNING CALL, Rich Thompson, Managing Partner, helped create over $3 billion in enterprise value as CEO of American Italian Pasta Company, The Meow Mix Company and Freshpet. We continue to see strong interest from manufacturers who want to take advantage of the regions location and talent.. He started another business Mikeys gluten-, Investor Richard Thompson of the Factory (left) and Stuffed Puffs CEO Michael Tierney (right) worked together to scale up Stuffed Puffs into a national brand and recently opened a second facility in Hanover Township, Northampton County. Rich received a B achelors Degree degree from University of Michigan. I looked at his track record of success. It also cuts down on plastics because customers can pour the powder into their re-usable bottles, reducing the need for single-use plastics. A lot of these guys are working on a company called Freshpet, a new brand of dog food, which is in about 2,500 stores.Where did the idea for Zootoo come from?I just dream this [stuff] up. Other recent hires include Cresa, Berkshire Hathaway HomeServices Fox & Roach and Girls on the R[]. APRIL GAMIZ / THE MORNING CALL, Rich Thompson, Managing Partner, helped create over $3 billion in enterprise value as CEO of American Italian Pasta Company, The Meow Mix Company and Freshpet. Troy, NY Steel Krafts Building Materials and Supplies, Inc.. The building at Lehigh Valley Flex Center, owned and built by J.G. Factory Motor Parts Company Profile | Management and - Datanyze No one knows better than the person who is touching that problem or opportunity.How does the U.S. economy look to you?It looks crappy. Advertisement. PREVIOUS POSITIONS: CEO and president of The Meow Mix Company, which he bought with JW Childs Associates from Nestle/Purina for $167 million in 2002. Founded American Italian Pasta Company in 1987; it went public in 1997. Everyone thought I was crazy. Subscribe for access to the latest digital and special editions. Probably. Tyler has seven years of merchandising experience in retail operations with Giant Food Stores, where he specialized in non-perishables and inventory control. It's very reliable. The building parallels East Third Street and is across the street from the Lehigh Valley Charter High School for the Arts. Eventually, the scaled-up company could be sold, with its owners, Thompson and his investors earning a profit. Aeoon Technologies GmbH. This was not a standard project, Polt said. Former Adecco executive Rich Thompson launches LinkedIn for athletes Powdered drinks are a multibillion-dollar industry that needed a production facility on the East Coast, Thompson said. Local officials, economic development representatives and others are excited about Thompsons project. All shelters are underfunded and understaffed. Overall, he's stolen 442 bases in the minors. Fidelity Advisor Stock Selector Small Cap Fund - Class I. She also procures materials, assembles packaging prototypes, and crafts sales and influencer kits. Nicolette is an experienced commercial photographer and editor who uses her editing and retouching skills to make our brand partners products shine in every piece of content our studio produces. The innovation at Factory Manufacturing LLC is another example of the Lehigh Valleys manufacturing strength, said Don Cunningham, President and CEO of Lehigh Valley Economic Development Corp. (LVEDC). degrees in economics and business, civil engineering and environmental science, and, of course, visual communications. Insights from LVEDC staff, local business leaders, and innovators. Barbara grew up in Abu Dhabi, UAE but her hometown is Allentown, PA. Kim earned a BFA from Pennsylvania State University and holds a Certificate in Digital Media from Moore College of Art. Lehigh Valley was among the busiest industrial markets in the nation during the pandemic. Fund Manager | Fidelity Institutional He has a BA in economics and European history from the University of Wisconsin-Madison. Our Munich Showroom occupies a bright and lovely space on . 2023 BridgeTower Media. While Richard and Tim have had a lot of CPG successes, theyve also witnessed a lot of promising brands and products fail. Fidelity Advisor Stock Selector Small Cap Fund - Class Z. APRIL GAMIZ / THE MORNING CALL, Rich Thompson, Managing Partner, helped create over $3 billion in enterprise value as CEO of American Italian Pasta Company, The Meow Mix Company and Freshpet. Therefore, the community knows where to go to adopt a pet, which brings the shelter and the community together.How did you do that?When you open the [Zootoo] site the first time, it asks for your ZIP code, shows you the shelters near you and asks you to select one-or you can enter the name of any shelter you'd like. Keith earned his MBA at the MIT Sloan School of Management and holds a BS in chemistry from UCSD. "I build companies," Thompson said during a recent tour of the 40-foot-tall facility that opened in December. Use of this website is subject to its Terms of Use | Privacy Policy | Your California Privacy Rights/Privacy Policy | Do Not Sell My Info/Cookie Policy. October 8, 2009. She has provided insight and guidance to operations in dairy, grocery, meat, confectionary, and aseptic beverages. in mechanical engineering from Cornell University and an MBA from the Tuck School of Business at Dartmouth. John has over 15 years of experience in graphic design, creating on both the agency and client sides. rich thompson factory. Phone: 610-266-6775 Fax: 610-266-7623 Hours: Monday - Friday, 9 a.m. to 5 p.m. I don't want to force us into any weather or conditions that are not good to be in.Do you have your own flight department?No. Jim has a deep knowledge of all things packaging: development, commercialization, materials, sustainability, and production efficiency. When you think about it, thats awesome, Thompson said. Stuffed Puffs is part of a long tradition in the Lehigh Valley of innovation and the production of brand name products, Lehigh Valley Economic Development Corporation President and CEO Don Cunningham said. Anthony Salamone is a reporter covering general news in Northampton County. He experimented with the process in his mothers Long Island basement and later canvassed the world for investors. To get Zootoo started, we decided to do extreme makeovers for pet shelters, like ABC does for houses. These cookies will be stored in your browser only with your consent. In his most recent role at Mars Wrigley, he led a team of four demand planning managers with responsibility for all seasonal and display forecasting. We have an investment in a pasta business in North Dakota. Factory Manufacturing Inc. opened. She has a passion for words and people, and has woven together a career that has allowed her to work on marketing campaigns and public relations while always keeping the consumer top of mind. Three months later we were married. Explore! Sold Meow Mix to the Cypress Group in 2003 for $435 million, remaining as CEO after reinvesting in Cypress. ET, Site and contents are 2023 Lehigh Valley Economic Development Corporation. East Coast Powders Manufacturer | Factory Manufacturing So they started thinking about all the things that can go wrong, even when an entrepreneur has a great idea. We also charter the airplane occasionally, so for me it's still kind of business.Have you ever considered jet cards or fractional shares?I've looked at all that stuff.