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[]. This website uses cookies to improve your experience while you navigate through the website. It's not like YouTube or Facebook, where you don't know what you've got. Sign-up for our weekly newsletter! Her high standards, attention to detail and always-upbeat attitude are valued by everyone on the Factory team. Donna has worked in consumer brands with Rich Thompson for over 17 years, first as executive assistant at Meow Mix, then as . I got my pilot's license in June 1967.You said you've had several piston airplanes, but you stopped flying. Our friendly and professional staff is at your service - 24/7. So far, the platform has 20 to 30 users, representing at least 10 . 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. While Richard and Tim have had a lot of CPG successes, theyve also witnessed a lot of promising brands and products fail. I'm waiting for the market to dictate when I do that. "I owned 100 acres on Caye Caulker. His job responsibilities include managing the Factory team and investments across 12 companies and two manufacturing plants. A look inside the Factory LLC, a new business incubator in south Bethlehem at a former Bethlehem Steel factory on Thursday, January 10, 2019. 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. A look inside the Factory LLC, a new business incubator in south Bethlehem at a former Bethlehem Steel factory on Thursday, January 10, 2019. Rich Thompson, Managing Partner. The building parallels East Third Street and is across the street from the Lehigh Valley Charter High School for the Arts. 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. The production facility at 157 N. Commerce Way in Hanover Township, Northampton County, is leased from J.G. 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. 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. Chad has over 13 years of CPG experience between Nestl USA and Mars Wrigley, including seven years of progressive responsibility in demand planning. . The Lehigh Valley is an ideal location within driving distance of a third of the U.S. population. 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. Our Lehigh Valley, PA-based and GMP-audited facilities are equipped with top-of-the-line automated equipment for blending, dispensing, and packaging powders. You buy low and sell high. We have innovation partners here and a smart, talented workforce in the Lehigh Valley.. Copyright 2023. 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. 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 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 didnt go away. 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. Theres a lot of money available to entrepreneurs, and a lot of people willing to give or sell them advice. We also use third-party cookies that help us analyze and understand how you use this website. 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.[]. Here's his story. She works closely with the digital marketing team to create social media graphics, email newsletters, and digital advertisements for Factorys brand partners. He has worked with a variety of CPG companies including Nestl Waters North America, Heineken, Unilever, and Mars Wrigley. His multidisciplinary skills span digital and traditional media, and his experience includes print and packaging design, digital solutions, brand identities, and integrated campaigns. Since 2003, Business Jet Traveler has been providing subscribers in more than 150 countries with aviation and lifestyle news, reviews, and features. One of them is Honey Stinger, which is getting into the hydration business, and Roar. Owns a 1981 Hawker 700. We sold it to Del Monte in 2006. "I went to Belize for seven years when it was still British Honduras," he said. 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. Founder Michael Tierney has been pioneering the proprietary process for a decade. 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. The top 20 point-earning shelters received prize money [though only one got the million-dollar makeover]. 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. Rich Quincy Thompson. She earned a B.A. RHP Rich Thompson assigned to Toros del Este. 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. We do the Shelter Makeover so that the community has to get involved with the shelter to help it win a million-dollar makeover. Fidelity Advisor Stock Selector Small Cap Fund - Class Z. It scares everyone else. Megan handles social media engagement, posting, and reporting for Factorys brand partners. 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. Our Munich Showroom occupies a bright and lovely space on . 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. Hobbies include flying, biking, skiing, squash and golf. 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. 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. By the time Thompson left his post as CEO in 2016, Do Not Sell/Share My Personal Information. 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. 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. Consumers are constantly on the go whether thats to the gym for sports or another appointment, he said. She keeps invoices flowing and the books reconciled for Factory and our brand partners. He has a BA in economics and European history from the University of Wisconsin-Madison. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Tierney said building the second facility in Lehigh Valley was a no brainer it is in the heart of the Northeast market where Thompson and himself have built a strong network of resources. Ben has over seven years of experience in shopper marketing. An artist whose talents include drawing, calligraphy, and photography, Janes passion is design. That sector made up about 18% of the Valleys private sector output, while the national average for manufacturing was 12%. Andra holds an MBA from DeSales University. A chef by training, she puts a culinary spin on nutritional formulation. CEO Files Rsum: Richard Thompson POSITION: Founder of Zootoo.com and CEO of GO7Brands. Leland has 10+ years experience in investment banking and private equity investing in the consumer and retail sectors. She helps Factorys brand partners develop and refine their ecommerce strategies, handling everything from launching and managing ecommerce sites through forecasting and reporting. @richquincy.thompson. They chat over free healthy snacks at the two company cafes or a game of ping pong. Rich Thompson Position: Pitcher Bats: Right Throws: Right 6-1 , 210lb (185cm, 95kg) Born: July 1, 1984 (Age: 38-281d) in Hornsby, Australia au More bio, uniform, draft, salary info 63 54 Become a Stathead & surf this site ad-free. So they go to a pet store instead of adopting a pet. 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). 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. See Photos. It will manufacture products for smaller companies affiliated with Factory LLC and is open to making them for unaffiliated companies. I got her upgraded to sit in first class next to me. He experimented with the process in his mothers Long Island basement and later canvassed the world for investors. She believes every problem is an opportunity to identify a creative solution! About 75 million households have pets. She liaises with internal stakeholders to manage the design teams workflow and ensure projects are completed accurately and efficiently. You can talk to all the people, walk around a lot and look a lot. Elias is an experienced IT manager and network administrator. Most recently, she was senior vice president and controller for the U.S. division of the Hain Celestial Group, where her responsibilities included integrating the back office functions of acquired businesses. 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 . 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. in fine arts with a concentration in photography from Kutztown University. Oct 2018 - Present4 years 5 months. Petrucci Co., was among the 5.2 million square feet of industrial space delivered so far this year in Lehigh and Northampton . It's a $50 billion annual market. You can stay off the golf course and pay attention to your businesses. North America. 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. Shes a versatile photographer who can bring brands to life for ecommerce and social media. 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. 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. We didnt hide. Everyone thought I was crazy. We took all the precautions. But she is equally adept at opining on human food. The transportation of the products to market will be cheaper because the packets weigh less than bottled beverages, requiring less fossil fuel. Businesses recently named a series of hires in the Lehigh Valley and beyond. Three months later we were married. We've put bids out on a few. 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[].
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