Another run is being made for Honey Stinger, another Factory brand partner that makes performance chews, energy waffles and protein bars. He has a BA in economics and European history from the University of Wisconsin-Madison. Rich Thompson's Phone Number and Email Last Update. Marla is a CPA and financial executive with over 25 years of experience in financial accounting and reporting, budgeting and planning, and treasury. | Privacy Policy, Credit / Financing Programs for Businesses. His job responsibilities include managing the Factory team and investments across 12 companies and two manufacturing plants. Pat has been involved with the development of thousands of new products, including over 800 items for the re-launch of Wild Oats Organic, which went from inception to $100M in 18 months. 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. 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. Team - Factory LLC What happened?When I was 32 I met Kristen, my future wife, in a Republic Airlines boarding line at Minneapolis Airport. Stuffed Puffs opened a manufacturing facility in 2021 in the Lehigh Valley. Aeoon Technologies GmbH. But even beyond that, this product has a beneficial impact to the environmental footprint.. Official MapQuest - Maps, Driving Directions, Live Traffic Petrucci Co., was among the 5.2 million square feet of industrial space delivered so far this year in Lehigh and Northampton counties. We made a few dollars. - Rich Thompson, Managing Partner. 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. 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. You see this in the tech industry and in other spaces, but you dont see it in [consumer product goods], not something this immersive.. You'll be a better pilot if you know how everything works on a plane." 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. 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. All shelters are underfunded and understaffed. They're a great consumer-products team. During the tour at Factory, Thompson paused beneath a platform with multiple video screens behind him and a refurbished Bethlehem Steel crane above him. About Us - Jim Thompson Fabrics CEO Files Rsum: Richard Thompson POSITION: Founder of Zootoo.com and CEO of GO7Brands. Rich Quincy Thompson. Budgeting, forecasting . 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. Her background in data research and analytics gives her a keen eye for spotting the latest social trends and knack for measuring results. Then we formed GO7, which stands for "gang of seven," because there were seven senior management people at Meow Mix. Rich Thompson - Founder - Podium X | LinkedIn Fidelity Advisor Stock Selector Small Cap Fund - Class I. We have an investment in a pasta business in North Dakota. Nobody knew what Zootoo was six months before. The Women of Influence honorees are selected[], We take a look at the latest developments in Health Care across the region. 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. 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. 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. Serving foodservice, in-store bakery, retail, and industrial markets. This guy, Krajsa said of Thompson, knows what he is doing, and he moves at lightning speed.. He moved to Lehigh Valley to build the business with an investment from Factory and Richard Thompson. With Cypress in March 2006, he sold Meow Mix to Del Monte Foods for $720 million. 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. 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. Thompson said he is reaching out to area universities on collaborations, including using students as paid interns and for food focus groups, who conduct food tests in space inside Factory. rich thompson factory - open-source-erp.com Nearly five years ago, Thompson and his team launched Factory LLC in Bethlehem, a business innovation center for food, beverage and pet companies looking to scale up. The gym, lo[]. So many CEOs don't listen and think they know the answer and tell people what to do when they don't really know the problem.How do you get past your core team?You just go talk to people, have lunch with them. 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. (Photo/Marco Calderon). Our Story - Factory LLC Prior to joining Factory, he spent 16 years as a senior operations manager for a third-party logistics company where he was responsible for the day-to-day operations for Godiva Chocolatier and other major brands. Yadira has ten years of experience in supply chain operations, project execution, inventory planning, and streamlining business processes. | Privacy Policy, Credit / Financing Programs for Businesses, Lehigh Valley Economic Development Corporation. But, on top of that, he said, the project itself was ground-breaking. Factory Motor Parts Company Profile | Management and - Datanyze 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. She enjoys digging into the data that our brand partners rely on to set their marketing strategies. 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. He has worked with manufacturers, retailers, and brand development agencies, including Gillette, Dial, H-E-B Private Brand, and Daymon Worldwide. That sector made up about 18% of the Valleys private sector output, while the national average for manufacturing was 12%. Motoko Rich is Tokyo bureau chief for The New York Times, where she covers Japanese politics, society, gender and the arts, as well as news and features on the Korean peninsula. Donna has worked in consumer brands with Rich Thompson for over 17 years, first as executive assistant at Meow Mix, then as . of food science from Penn State University. Richard Thompson - LVB But fractionals are not cheap for what you get. 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. Insights from LVEDC staff, local business leaders, and innovators. . Jim has a deep knowledge of all things packaging: development, commercialization, materials, sustainability, and production efficiency. While Richard and Tim have had a lot of CPG successes, theyve also witnessed a lot of promising brands and products fail. 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. Tierney, who is trained in the culinary arts, went on to work in the elite kitchens of the French Laundry in Napa Valley and Eleven Madison Park in New York City, still chewing on the idea of how to make the perfect smore. 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. Theres a lot of money available to entrepreneurs, and a lot of people willing to give or sell them advice. There is also a pool of $250 million in private-equity funds available to buy stakes in the companies. Tim Pollak was CEO of a top-20 global ad agency and vice chairman of two top-5 agencies, Y&R and Dentsu. July 11, 2009. Think of it more as Factory U an innovation campus for small companies that are looking to grow, according to Thompson. 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. 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. He spoke more like a visionary than an entrepreneur. Linsey is a Certified Research Chef (CRC) with 12 years experience working in innovation and new product development for food companies, with a focus on the natural, organic, and free-from spaces. 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. We have good transportation facilities and lower cost of living, Thompson said. So I thought, being a pilot and understanding how planes work, we could take it apart and rebuild it, which we did. 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. They need help for everything. He experimented with the process in his mothers Long Island basement and later canvassed the world for investors. 3/19/2023 9:05 PM. We do the Shelter Makeover so that the community has to get involved with the shelter to help it win a million-dollar makeover. Co-Manager. Other recent hires include Cresa, Berkshire Hathaway HomeServices Fox & Roach and Girls on the R[]. The building at Lehigh Valley Flex Center, owned and built by J.G. 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[]. Thats a good distribution waypoint.. The production facility at 157 N. Commerce Way in Hanover Township, Northampton County, is leased from J.G. 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. We've put in more than $8 million as startup capital.Do you plan to have advertising on the site?Yes, because we have a rich vertical [market] with pet lovers. Dylan is a graduate of Penn States food science program, where he did research on the quantities of antioxidants in fruits and vegetables. She believes every problem is an opportunity to identify a creative solution! His multidisciplinary skills span digital and traditional media, and his experience includes print and packaging design, digital solutions, brand identities, and integrated campaigns. 3600+ "Richard Thompson" profiles | LinkedIn So far, the platform has 20 to 30 users, representing at least 10 . I'm waiting for the market to dictate when I do that. Factory Manufacturing will begin with a staff of 12, but Thompson says the workforce will gradually expand. Peter Polt, Executive Vice President at Petrucci, said the pandemic created challenges as the team worked through the uncertainty as to what qualified as an essential business (food processing ultimately was) and social distancing protocols. My goal is to own the mindset of people who want to find and share information about pets and meet other pet lovers. In recent years, Thompson helped grow specialty pet food maker Freshpet from 80 to about 125 employees when it moved production from Richland Township to Northampton County, and later when it went from a privately held to a public company. You also have the option to opt-out of these cookies. Sold Meow Mix to the Cypress Group in 2003 for $435 million, remaining as CEO after reinvesting in Cypress. 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.