Website Design by Klunk & Millan, This error message is only visible to WordPress admins. It is mandatory to procure user consent prior to running these cookies on your website. Rich Thompson, Factory founder and managing partner, said most investment firms' idea of a partnership is putting people in a conference room and "talking about a marketing plan." A photo from inside Factory's Innovation and Scale-Up Center in Bethlehem, Pennsylvania. In other words, Factory helps get more product out and put that product in more places, which translates to higher sales and net income. This category only includes cookies that ensures basic functionalities and security features of the website. With his extensive expertise in both supply and demand planning, Chad helps our brand partners hone their forecasting accuracy and supply chain efficiency. 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. Insights from LVEDC staff, local business leaders, and innovators. 10/31/2005 to 07/31/2018. The top 20 point-earning shelters received prize money [though only one got the million-dollar makeover]. Their goal was to partner with a select group of highly ambitious founders/entrepreneurs to help small businesses quickly become big brands. Heathers background is in residential and commercial facility care. He's also an unabashed proponent of business aviation. Marla is a CPA and financial executive with over 25 years of experience in financial accounting and reporting, budgeting and planning, and treasury. Analee has a project management professional certification and a B.S. You can talk to all the people, walk around a lot and look a lot. The company is a an innovation center for new food and beverage companies located at 315 Columbia St. in Bethlehem, Pa. He met Rich while serving on the board American Italian Pasta Company, and also served on the boards of Meow Mix and Freshpet. The building at Lehigh Valley Flex Center, owned and built by J.G. Brian is a seasoned CPG executive whose experience spans all sales disciplines, including cross functional annual planning, category management, trade and shopper marketing, distribution strategies, third-party agency and broker leadership, and DSD. The airplane is managed by Maine Aviation and all the flights are Part 135, even the ones I do. We have an investment in a pasta business in North Dakota. But even beyond that, this product has a beneficial impact to the environmental footprint.. John has over 15 years of experience in graphic design, creating on both the agency and client sides. Three months later we were married. Rich Thompson - Senior Portfolio Manager - Arcis Golf | ZoomInfo 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. Tyler graduated from Penn State Lehigh Valley with a degree in project and supply chain management. Rich Quincy Thompson. He has worked with manufacturers, retailers, and brand development agencies, including Gillette, Dial, H-E-B Private Brand, and Daymon Worldwide. You'll be a better pilot if you know how everything works on a plane." Rich Thompson - LVB The company is a an innovation center for new food and beverage companies located at 315 Columbia St. in Bethlehem, Pa. Mike has over 30 years of experience in logistics, distribution, inventory control, and supply chain management across various industries. You also have the option to opt-out of these cookies. Stuffed Puffs netted a distribution deal with Walmart and started production in Wisconsin at their R&D facility. Read More Contact Richard Thompson's Phone Number and Email Last Update A chef by training, she puts a culinary spin on nutritional formulation. Previously owned a Cessna P210. She holds a bachelors degree in accounting and finance. It's not like YouTube or Facebook, where you don't know what you've got. Petrucci Co.s Triple Net Investments. The only way a shelter can win is to engage the media in a community-get the local paper and TV or radio stations to come do a story.We got more than 600,000 pet reviews and one million pet photos on Zootoo just doing that. Consumers are constantly on the go whether thats to the gym for sports or another appointment, he said. 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. On the other hand, whenever everybody is running one way, there's a lot of opportunity where they ran from. Python Python Software Foundation . Richard Thompson - Managing Partner - Factory | ZoomInfo Elias earned his B.S. 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. I'd like to get a Hawker type rating but it would take me two weeks. By clicking Accept, you consent to the use of ALL the cookies. Advertisement. 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. 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.. September 1, 2009. 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. 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. I had to be an entrepreneur.What is the origin of GO7Brands?We owned Meow Mix, the cat food company. 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. 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. 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. I changed this a couple of years ago when the FAA started tightening up. Asad holds a bachelors degree in commerce with a major in accounting from the University of Mumbai, India. Born in Coldwater, Kan. Married 25 years; three children, 23,22 and 19. 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. She also procures materials, assembles packaging prototypes, and crafts sales and influencer kits. ""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 latest number, which was released in December by the U.S. Bureau of Economic Analysis, is a record for the region, according to the Lehigh Valley Economic Development Corp. Evan Jones is a reporter covering business and development in the Lehigh Valley. Rich Thompson, Factory LLC/The: Profile and Biography It scares everyone else. in Philosophy from Dickinson College. 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. Workers Memorial 32nd Anniversary ceremony | PHOTOS, Baby alligator found at Allentown wastewater treatment plant, Bryan Kohbergers former school district wont talk. We found that 70 percent of the people in most communities don't know where their local shelter is. For the price point $399 MSRP there are few other rifles that are as feature rich. This was not a standard project, Polt said. October 8, 2009. These arent startups: Honey Stinger traces its beginnings to 1954, according to its website. To launch his effort, Thompson received public help in the form of state tax credits worth $200,000, according to Alicia Miller Karner, Bethlehems community and economic development director. My goal is to own the mindset of people who want to find and share information about pets and meet other pet lovers. 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. Prior to exploring his entrepreneurial side, he was the Vice President of Global SaaS, Operations & Technology for Scala, Inc., overseeing the continuous development of the Scala SaaS offerings and the development and implementation of Enterprise Technology Investment Strategy. October 16, 2009. 2007 Jim Thompson Europe. Businesses recently named a series of hires in the Lehigh Valley and beyond. If you continue to use this site we will assume that you are happy with it. Factory Manufacturing LLC Launches New Production Facility Find nearby businesses, restaurants and hotels. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Eventually, the scaled-up company could be sold, with its owners, Thompson and his investors earning a profit. Everybody is running for the hills. Her high standards, attention to detail and always-upbeat attitude are valued by everyone on the Factory team. 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). | Privacy Policy, Credit / Financing Programs for Businesses, Lehigh Valley Economic Development Corporation. Shes worked in food trucks in North Carolina, baked pastries in Colorado, and cooked up dinners at the Grand Canyon. Fund Manager | Fidelity Institutional He has operational experience across multiple disciplines, including marketing and sales, manufacturing, supply chain and distribution and innovation infrastructure. Motoko Rich - The New York Times 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[]. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Has commercial pilot certificate with single- and multi-engine and instrument ratings. Lead Manager. Petrucci Co., was among the 5.2 million square feet of industrial space delivered so far this year in Lehigh and Northampton . We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. His areas of expertise include general accounting, month- and year-end closings, inventory reconciliation, cash flow, budgeting, and tax reporting. She keeps invoices flowing and the books reconciled for Factory and our brand partners. She holds a B.A. 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. I use the airplane to fly there. Suppliers of highly customized equipment had trouble getting into the country, sending Tierney into a deep dive of immigration procedures while trying to build and run a young business during a historic economic downturn. The production facility at 157 N. Commerce Way in Hanover Township, Northampton County, is leased from J.G. 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. Before joining Factory, she worked as a photo researcher and editor for a number of magazines, as an archivist for photographers, and as an executive assistant, also at a magazine. Dylan interned with Factorys research and development department before joining the team full-time in 2020. in applied science and technical leadership from Bloomsburg University. (Photo/Marco Calderon). 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. 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. Cory is the project manager for all graphic and packaging design projects at Factory. ET, Site and contents are 2023 Lehigh Valley Economic Development Corporation. Then he started to teach me how to fly. in Communications from Kutztown University and M.S. The project underscores the importance of manufacturing in the Lehigh Valley. rich plums and chocolates. He is currently working to complete his Certified Management Accountant License from the Institute of Management Accountants. John helps our Factory brand partners ensure that their supply chain and logistics infrastructure is optimized by providing strategic and tactical support for distribution processes, inventory management, and cost savings. Mike Janes/Four Seam Images via AP Images. @richquincy.thompson. He takes the drivers seat, and he has the resources available at your fingertips.. He has a BA in economics and European history from the University of Wisconsin-Madison. 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 Michael has over seven years experience in Corporate and Investment Banking. We made a few dollars. 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. From manufacturing operations to distribution systems, Freshpet had to create the process through trial and error, and Thompson decided to help Tierney do the same. Here's his story. While at Penn State, he also worked for Happy Valley Vineyard and Winery, where he was tasked with adding potassium metabisulfite to wine, tested the wine for hydrogen sulfide, and performed backsweetening, a process of adding sugar to wine before bottling. In renovated Bethlehem Steel mill, Richard Thompson launches 'Factory Rays OF Rich Thompson's pact with baseball - ESPN Overall, he's stolen 442 bases in the minors. In her last role, she helped build and lead a new photography studio in PA for Henry Schein, a medical products company. When Michael Krajsa, assistant business professor at Penn State Lehigh Valley, discussed Factory with Thompson, he advised Thompson to consider tapping into the university, which is noted for its food science and agricultural research. Jessica is a SHRM certified professional and holds a bachelors degree in Business Administration and minor in HR Management from Bloomsburg University. Well be looking for some more operators, for sure.. - Responsible for starting up a North America Operation with full P/L ownership. But she is equally adept at opining on human food. 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. Homes in Southampton, N.Y.; Sun Valley, Idaho; and Los Cabos, Mexico. from Kutztown University. Another run is being made for Honey Stinger, another Factory brand partner that makes performance chews, energy waffles and protein bars. About 75 million households have pets. Your typical pet shelter is on a highway somewhere, away from other parts of the community. ifsi virtual learning. One of them is Honey Stinger, which is getting into the hydration business, and Roar. (Photo/Marco Calderon). Read More . Fidelity Advisor Stock Selector Small Cap Fund - Class M. But fractionals are not cheap for what you get. from Harvard, and holds an MBA from Northwesterns Kellogg School of Management. 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. So far, the platform has 20 to 30 users, representing at least 10 . Yadira has ten years of experience in supply chain operations, project execution, inventory planning, and streamlining business processes. In 2019, Thompson launched his own human resources solutions company, Xtra Point Group. 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. She has provided insight and guidance to operations in dairy, grocery, meat, confectionary, and aseptic beverages. There is also a pool of $250 million in private-equity funds available to buy stakes in the companies. 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. Meet Your East Coast Powders Manufacturer. The next thing Krajsa knew, he and other school officials were boarding Thompsons plane to meet representatives at Penn States main campus. Shannon has over 10 years experience in ecommerce, online merchandising, and website management at major retailers, including Party City, Lord & Taylor, and Bed, Bath & Beyond. Richard Thompson Factory-LLC.com Thompson helped create over $3 billion in enterprise value as CEO of American Italian Pasta Company, The Meow Mix Company and Freshpet. 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. A look inside the Factory LLC, a new business incubator in south Bethlehem at a former Bethlehem Steel factory on Thursday, January 10, 2019. The plant in the suburbs is an outgrowth of Factory LLC, which was started five years ago in south Bethlehem in a former Bethlehem Steel building. Directory of Profiled Business People: Rich Thompson Thompson, Andie - Thony, Steve > Thompson, Reuben - Thompson, Rosario > Thompson, Rich - Thompson, Richard > Thompson, Rich 1-25 of 1,583 Contacts 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. Our Story - Factory LLC Lehigh Valley was among the busiest industrial markets in the nation during the pandemic. The new building, in Lehigh Valley Industrial Park IV, is equipped to produce and package powdered drinks, supplements and energy/protein bars. A look inside the Factory LLC, a new business incubator in south Bethlehem at a former Bethlehem Steel factory on Thursday, January 10, 2019. On one of our first dates, I flew her in my [Cessna] P210 from Denver to Santa Fe to meet my mom. Look no further than Thompson/Center's new Compass bolt-action rifle for proof. Most recently, she worked as a content manager at Lafayette College, helping to tell the stories of a legacy institution in the Lehigh Valley. Shes a versatile photographer who can bring brands to life for ecommerce and social media. 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. Rich Thompson roster status changed by Los Angeles Angels. FourFourTwo brings you the story of Neymars journey from the streets of Praia Grande to the Barcelona frontline. Local officials, economic development representatives and others are excited about Thompsons project. ROAR President Bill Lange said the new facility is making the innovations that the company has developed while working with Factory LLC. I'm sitting in meetings, listening to people and giving feedback. The first production line made single-serve packets of powder for ROAR, a beverage company growing through Factory LLC. 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. Richard H Thompson Ltd Malvern College Richard Thompson Co-Owner/President at Steel Krafts Building Materials and Supplies, Inc. 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. 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. The 165,000-square-foot Stuffed Puffs facility opened in January at the site of the former Guardian Life offices in Hanover Township, Northampton County. It's very reliable. 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. Grand View Health opens new Emergency Department, Bethlehem venture capital firm gets $2.5M to invest in start-ups, Orthopedic device maker Tyber Medical expands Florida facility, East Stroudsburg holds inauguration of 14th president, Other recent hires in the the Lehigh Valley include Altitude Marketing, KidsPeace Foundation and Com[], Mayor Matt Tuerk announced this week that he has named Lucinda Wright to the newly created position.[]. All rights reserved. A Lehigh Valley native, she has the primary responsibility for the appearance and sanitation of the Factory facility. Before joining Factory, Christoph worked at Emil Capital Partners, a consumer-orientated venture capital and growth equity firm based in Greenwich, CT. At Emil, Christoph focused on managing the firms current investments as well as sourcing new deals. She earned a B.A. He moved to Lehigh Valley to build the business with an investment from Factory and Richard Thompson. 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. About five years ago, he attended an expo where he met Thompson, the retired Freshpet CEO who would soon launch the Factory in south Bethlehem. 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 have good transportation facilities and lower cost of living, Thompson said. rich thompson factory. Programming Languages (9 Technologies) ASP.NET Microsoft . We took all the precautions. Business Jet Traveler is a publication of AIN Media Group, Inc., 214 Franklin Avenue, Midland Park, NJ 07432.