rich thompson factory

In his previous role as a senior packaging engineer for Godiva Chocolatier, he created packaging for approximately 150 new SKUs annually and spearheaded a packaging standardization project that saved $2 million in materials costs year-over-year. 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. Co-Manager. I had to be an entrepreneur.What is the origin of GO7Brands?We owned Meow Mix, the cat food company. Official MapQuest website, find driving directions, maps, live traffic updates and road conditions. FISCHER CUSTOM COMMUNICATIONS, INC. Appliances, Electrical, and Electronics Manufacturing Torrance, California Nicole earned a B.A. Specializing in idea-to-shelf product development, with expertise in nutrition and formulation, she has helped bring over 300 new products to market in retail and foodservice. When you think about it, thats awesome, Thompson said. I'm waiting for the market to dictate when I do that. The mural is a bit of whimsy that belies the super-secret technology within the building: machines that put the chocolate inside the marshmallow. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Facebook. Under the arrangement, Tierney is able to work on his business plan and continue to manufacture Mikeys products in two locations in Texas and Michigan. He has deep operational experience across multiple disciplines, having helped build each of these organizations, including marketing and sales, manufacturing, supply chain and distribution, and innovation infrastructure, and he has supervised the design and construction of seven manufacturing facilities. While in college, he was president of the Moravian chapter of the Kappa Pi International Art Honor Society and of Studio South, Moravians student-run design agency. She graduated from DeSales University with a double major in finance and business administration. The project underscores the importance of manufacturing in the Lehigh 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. Factory specializes in "scaling up" businesses, according to the Kansas-born. "He has also been in the oil and gas business in North Dakota, founded the American Italian Pasta Company ("the largest pasta company in North America") and bought and sold Meow Mix, earning himself a tidy sum. Since 2003, Business Jet Traveler has been providing subscribers in more than 150 countries with aviation and lifestyle news, reviews, and features. She earned a B.A. A look inside the Factory LLC, a new business incubator in south Bethlehem at a former Bethlehem Steel factory on Thursday, January 10, 2019. Look no further than Thompson/Center's new Compass bolt-action rifle for proof. Analee has a project management professional certification and a B.S. At Factory, Mike assists our brand partners in establishing operational procedures using business analytics to streamline their processes and deliver cost savings to the bottom line. Asad holds a bachelors degree in commerce with a major in accounting from the University of Mumbai, India. - Responsible for starting up a North America Operation with full P/L ownership. 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. He takes the drivers seat, and he has the resources available at your fingertips.. - Hire top talent to meet and exceed . I got my pilot's license in June 1967.You said you've had several piston airplanes, but you stopped flying. We should have up to 45 people at some point. You buy low and sell high. 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. He spent a decade in the kitchens of area country clubs before joining Kutztown University to oversee dining and then making his way to Factory. In 2019, Thompson launched his own human resources solutions company, Xtra Point Group. 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. We have about 12 to start with, just for the first shift and we plan on adding a second shift and third shift if everything goes well, Thompson said. By clicking Accept, you consent to the use of ALL the cookies. Thompson said he left Freshpet, which is based in Secaucus, N.J., partly because of his interest in pursuing this venture. Stuffed Puffs netted a distribution deal with Walmart and started production in Wisconsin at their R&D facility. The building at Lehigh Valley Flex Center, owned and built by J.G. Managing Partner at Factory Richard Thompson is a Managing Partner at Factory based in Bethlehem, Pennsylvania. This has nothing but upside potential for the region.. Team members write meeting notes on the glass office walls and white board partitions between desks. But, on top of that, he said, the project itself was ground-breaking. Youre driving a used car, and [Thompsons] like, Were going to show up in a bus, Marz said. I didn't get a college degree, so I can't be a lawyer or a doctor. Copyright 2023. Rich Thompson is the President at MST Steel based in Warren, Michigan. One result: Penn State Lehigh Valley has office space inside Factory (actually, like other occupants, its in a converted shipping container that has been painted red and customized) for the schools LaunchBox a business-accelerator program aimed at connecting early-stage entrepreneurs with advisers, funding and more. Rich Thompson, Managing Partner. Her background in data research and analytics gives her a keen eye for spotting the latest social trends and knack for measuring results. APRIL GAMIZ / THE MORNING CALL, The social media area. Previously owned a Cessna P210. While Richard and Tim have had a lot of CPG successes, theyve also witnessed a lot of promising brands and products fail. | Privacy Policy, Credit / Financing Programs for Businesses, Lehigh Valley Economic Development Corporation. An artist whose talents include drawing, calligraphy, and photography, Janes passion is design. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. All rights reserved. Jim earned his bachelors degree in packaging engineering from Michigan State University. He provides technical support for the Factory team and our brand partners across over two dozen hardware and software platforms. Can you take the heat of The Blast Furnace?, Said Marz: Its kind of a real life Shark Tank, but its in our backyard.. Sold Meow Mix to the Cypress Group in 2003 for $435 million, remaining as CEO after reinvesting in Cypress. 14,152 records for Rich Thompson. Health Care Trends & Updates Virtual Discussion, Your California Privacy Rights/Privacy Policy. That summer we rebuilt a J-3 Cub and made one Aero Commander 500 out of two wrecked ones. in graphic and interactive design and a minor in business management (marketing track). The 16 acres of grounds on the Hoosic River in North Adams, Massachusetts, encompass a [] (Photo/Marco Calderon). Our panel of experts will look at recent changes in health care [], The Forty Under 40 awards recognize Lehigh Valleys leaders who are under the age of 40 based on their professional accomplishments, commu[]. 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. Marcy has more than twenty years experience in supply chain, manufacturing, and continuous improvement. rich plums and chocolates. LVB, Lehigh Valley Business provides 24/7 business news coverage and events honoring top business professionals. Most hydration plants are in California, Salt Lake City and in the South. When you get something with a stand-up bathroom, I'll fly with you again." POSITION: Founder of Zootoo.com and CEO of GO7Brands. Everyone thought I was crazy. She spent the 20 years as facilities and space planning manager at Rodale Inc., where her responsibilities included property management, employee and vendor relations, space planning, and operations support. Eventually, the company could be sold, with its owners and Thompson and his investors reaping a profit. Ben earned his bachelors degree in business administration from Susquehanna University. Tim has four decades of CPG marketing and brand-building experience, was vice chairman at two of the worlds largest global ad agencies, Y&R and Dentsu, and co-founded a data analytics company. Nicolette holds an associates degree in specialized technology from Antonelli Institute, a graphic design and photography school formerly located outside of Philadelphia. Hobbies include flying, biking, skiing, squash and golf. I use the airplane to fly there. But fractionals are not cheap for what you get. We took all the precautions. Facebook gives people the power. 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 . Lead Manager. His passion is visual storytelling, with a focus on creating visual content around locally sourced food and beverages. Rich Thompson's Phone Number and Email Last Update. in fine arts with a concentration in photography from Kutztown University. in applied science and technical leadership from Bloomsburg University. 2023 BridgeTower Media. [They wonder], "Why are you having lunch with them?" Our friendly and professional staff is at your service - 24/7. 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 How did the idea to do Animal Shelter Makeovers evolve?At Meow Mix, we gave a lot of cat food to animal shelters. From Ireland, the New Economy Gateway series brings together regional leaders to discuss, analyze and propose solutions to the global economys most pressing problems. Explore! 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. 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. Ground was broken in the last quarter of 2019 on the eve of a worldwide pandemic that created labor challenges, locked down countries and disrupted supply chains. Rich Thompson is the Executive Vice President, Asset Management at Arcis Golf. He is currently working to complete his Certified Management Accountant License from the Institute of Management Accountants. Marla is a strong leader and problem solver with deep operational, financial, and managerial experience in the food industry. I get the best value for what I'm doing, plus I get the write-offs I'm looking for.Do you still fly?I keep up my medical. North America. Don Cunningham, president and CEO of Lehigh Valley Economic Development Corp., said many small food companies face challenges of getting their products on store shelves. You'll be a better pilot if you know how everything works on a plane." 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. A look inside the Factory LLC, a new business incubator in south Bethlehem at a former Bethlehem Steel factory on Thursday, January 10, 2019. A look inside the Factory LLC, a new business incubator in south Bethlehem at a former Bethlehem Steel factory on Thursday, January 10, 2019. We sold it to Del Monte in 2006. Chad received his undergraduate degree from Bloomsburg University and his MBA from Moravian College. Michael holds a BBA from The George Washington University, where he was a 4-year letter winner on the Mens Division 1 golf team, and an MBA from Duke Universitys Fuqua School of Business. Here, youre not hiring anybody, Thompson said. Prior to that she led marketing for Balance Bars successful turnaround while working at a private equity-backed firm. I have a different split with Maine Aviation than when they charter it to someone else.I saw online that your 700 is for sale. Read More . Every time you do most anything on Zootoo, that shelter gets points. He earned his B.F.A. Analee has almost three decades of quality assurance experience, specializing in food safety and regulatory compliance, third-party auditing requirements, and certification body bylaws. With the capital to invest, a $10-million renovation of the Columbia Street building and 35 employees, Thompson hopes Factory will attract up to 20 companies. Barbara has diverse experience in consumer insights, business development sales, event planning, and digital marketing. in Communications from Kutztown University and M.S. Amazing work by the Factory Manufacturing team getting our FIRST powder production finished and ready to ship ON TIME and ABOVE GOAL! These cookies do not store any personal information. It also cuts down on plastics because customers can pour the powder into their re-usable bottles, reducing the need for single-use plastics. The project reflects Lehigh Valleys continuing growth in food and beverage manufacturing, including Bowery Farming, the largest vertical farm in the nation, is expanding into Bethlehem. 10/31/2005 to 07/31/2018. Tim Pollak was CEO of a top-20 global ad agency and vice chairman of two top-5 agencies, Y&R and Dentsu. Tyler has seven years of merchandising experience in retail operations with Giant Food Stores, where he specialized in non-perishables and inventory control. Leland has 10+ years experience in investment banking and private equity investing in the consumer and retail sectors. Stuffed Puffs opened its second facility in Hanover Township, Northampton County, in January 2021. Be careful what you spill! July 11, 2009. 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. "I owned 100 acres on Caye Caulker. There will be a lot of innovation and new flavors coming out because of this facility.. So companies selling cat litter, pet food manufacturers, pet suppliers, vets, groomers and so on are the people who you'd want advertising. He enjoys cooking homestyle favorites and experimenting with new culinary trends equally, which means there are always plenty of delicious lunch options for the Factory team and our guests! 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. 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. Serving foodservice, in-store bakery, retail, and industrial markets. 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. Weve done a lot of manufacturing in the Valley, he said. Previously, Rich was the Board Member at Covenant House. . Always have the best team members possible to build your business and give them the tools/training to do it!, Thomas Williams, CFP, CPA CEO, Partner and Senior Wealth Advisor Domani Wealth As a senior wealth adviso[], Jeane Vidoni President and CEO Penn Community Bank As president and CEO of Penn Community Bank, Vidoni l[]. Shes a versatile photographer who can bring brands to life for ecommerce and social media. The history of MASS MoCA's site spans centuries of social, economic, industrial, and architectural change. 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. Factory Manufacturing Inc. opened. FourFourTwo brings you the story of Neymars journey from the streets of Praia Grande to the Barcelona frontline. 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. He spoke more like a visionary than an entrepreneur. The Lehigh Valley is rich with those things.. The region has a particularly strong presence of food, beverage and pet food manufacturers including Just Born, Ocean Spray, Freshpet, and Coca Cola. Three months later we were married. In his time with the firm, he was responsible for the management of over $3B in invested capital and over $8B in total asset value. The high concentration of food and beverage companies in Lehigh Valley has helped propel the region to the nations 52nd largest manufacturing economy. But even beyond that, this product has a beneficial impact to the environmental footprint.. She earned a B.A. By the time Thompson left his post as CEO in 2016, Do Not Sell/Share My Personal Information. So they started thinking about all the things that can go wrong, even when an entrepreneur has a great idea. All rights reserved. Brian has a BA in Marketing from San Diego State University. We've put bids out on a few. 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. Andra is a financial professional with 12 years of experience in general accounting, budgeting, treasury, financial planning, and banking. Their goal was to partner with a select group of highly ambitious founders/entrepreneurs to help small businesses quickly become big brands. You can grow a company faster with less capital and less mistakes.. Marshmello x Stuffed Puffs: Inside The DJs Equity Deal With Popular Marshmallow Company, 5 Reasons why Lehigh Valley is the perfect spot for entrepreneurs, A green oasis rising above Lehigh Valleys urban areas. Troy, NY Steel Krafts Building Materials and Supplies, Inc.. Ben has over seven years of experience in shopper marketing. He moved to Lehigh Valley to build the business with an investment from Factory and Richard Thompson. 1980 Jim Thompson Factory. Founder Rich Thompson considered multiple locations around the country, but ultimately decided there was a particular need for a facility like this on the East Coast. Is that correct?Everything I own is for sale. Rich Thompson, founder and managing partner of Factory LLC, recently started a plant to makes powdered drinks, protein bars and other consumable products. Here's a list of some of the top trending technologies and APIs used by Factory Motor Parts. On the other hand, whenever everybody is running one way, there's a lot of opportunity where they ran from. 1980 . We didnt go away. As a design-focused problem solver, John, a Lafayette graduate, leans on his background with B.S./B.A. We did [at least] two cities every day. Everybody is running for the hills. The next thing Krajsa knew, he and other school officials were boarding Thompsons plane to meet representatives at Penn States main campus. I'm sitting in meetings, listening to people and giving feedback. 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. Prior to joining the Factory team. Located in a converted Bethlehem Steel building, Factory includes a team of experienced operators with $250 million of investable capital who acquire meaningful equity stakes in client companies and partner with them to grow. Rich's inspires possibilities with high quality, wholesale food products and ingredients that can be found in commercial kitchens in all corners of the globe. Shannon earned her B.A. in Communications and Marketing from Franklin University. Lehigh Valley was among the busiest industrial markets in the nation during the pandemic. Here's his story. Chad has over 13 years of CPG experience between Nestl USA and Mars Wrigley, including seven years of progressive responsibility in demand planning. Jim has a deep knowledge of all things packaging: development, commercialization, materials, sustainability, and production efficiency. So I thought, being a pilot and understanding how planes work, we could take it apart and rebuild it, which we did. - Rich Thompson, Managing Partner. This is a great facility, and it is located at a perfect spot, logistically, in the Lehigh Valley, he said. The Lehigh Valley is an ideal location within driving distance of a third of the U.S. population. Contact. They raised $250 million, began assembling a team of seasoned consumer products veterans across all operating disciplines, and bought a building on the old Bethlehem Steel campus in Pennsylvania, which they re-habbed into an innovation and scale-up resource facility. In January 2007, Jim Thompson Europe GmbH was incorporated. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. I think thats lost in so many manufacturing facilities.. in graphic design, with a minor in mass communication, from Lehigh University, has experience as a designer in the food industry with Zavino Hospitality Group in Philadelphia, and was a senior designer at Fusion, a student-run design agency at Lehigh that does work for local businesses. The first production line made single-serve packets of powder for ROAR, a beverage company growing through Factory LLC. When youre a small company, you cant hire all that expertise, Cunningham said. 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. But Thompson said he likes crazy ideas. Our team is ready to find out what works best for you and execute accurately, efficiently, and with an unmatched level of expertise, quality, and customer service. The company is a an innovation center for new food and beverage companies located at 315 Columbia St. in Bethlehem, Pa. If you continue to use this site we will assume that you are happy with it. Sold Meow Mix to the Cypress Group in 2003 for $435 million, remaining as CEO after reinvesting in Cypress. Among its success stories is Stuffed Puffs, which makes chocolate- and caramel-infused marshmallows. With his wealth of experience, and as founder and managing partner at Factory LLC, Thompson leads a one-of-a-kind investment company that, in addition to capital, provides strategic guidance to. May 3rd, Trio Generations @ Faircraft BrauHaus Fairport NY, 7-9pm no cover. But within a year after we got married, Kristen said, "You're hanging out at the hangar too much. She believes every problem is an opportunity to identify a creative solution! Get our free e-alerts & breaking news notifications! With an economic output of $8.4 billion, manufacturing was the biggest contributor to the Lehigh Valley metro regions GDP in 2021 and employs more than 36,000 people in Lehigh and Northampton counties, making products ranging from Crayola crayons, Mack Trucks and Stuffed Puffs. Pat provides comprehensive perspectives and solutions from concept to shelf, leveraging his experience in brand management, global sourcing, product development, and retail integration. He spent 26 years with Nestle, where he rose to vice president of sales for the pizza and snacks division, and he served three years as EVP of enterprise client services at Advantage Sales and Marketing. It scares everyone else. The building is equipped for the production and packaging of powdered drinks, supplements and energy/protein bars. Probably. She said Factory also applied for consideration under Local Economic Revitalization Tax Assistance, a tax-abatement program that would mean a cut in property taxes of roughly 50 percent during the next 10 years, if there is an increase in assessment. Insights from LVEDC staff, local business leaders, and innovators. Is Zootoo internally funded?Yes, by me and my partners. The new building, in Lehigh Valley Industrial Park IV, is equipped to produce and package powdered drinks, supplements and energy/protein bars. With a stage at his feet, multiple video screens behind him, and a World War II-era overhead crane above, entrepreneur Richard Thompson has launched Factory in south Bethlehem, a business-innovation campus for small companies looking for growth. The company is a an innovation center for new food and beverage companies located at 315 Columbia St. in Bethlehem, Pa. "I went to Belize for seven years when it was still British Honduras," he said. 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. ifsi virtual learning. One of them is Honey Stinger, which is getting into the hydration business, and Roar. Kyla brings over six years of experience in managing retail and e-commerce operations. You need to know what everyone is thinking about on a project. Overnight on Wall Street is morning in Europe. My goal is to own the mindset of people who want to find and share information about pets and meet other pet lovers. Rick Thompson Partner Menlo Park, California, United States View 5+ vialicensing.com signiavc.com mallsoft.com adify.com hawaii.rr.com vids.com netscape.com yahoo.com 5+ 650-400-XXXX 253-631-XXXX 253-569-XXXX 650-614-XXXX 253-921-XXXX 415-913-XXXX Richard Thompson Founder and Managing Partner Bethlehem, Pennsylvania, United States View 5 With his extensive expertise in both supply and demand planning, Chad helps our brand partners hone their forecasting accuracy and supply chain efficiency. Richard H Thompson Ltd Malvern College Richard Thompson Co-Owner/President at Steel Krafts Building Materials and Supplies, Inc. You also have the option to opt-out of these cookies. 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. Founded American Italian Pasta Company in 1987; it went public in 1997. As an experienced designer with a passion for product development, Kim has found a thrill in project coordinating and building rapport between customers, teams, and vendors alike. 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. Rich Thompson, founder and managing partner of Factory LLC, recently started a plant to makes powdered drinks, protein bars and other consumable products.

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