All rights reserved. He spoke more like a visionary than an entrepreneur. free, frozen food to subsidize his marshmallow passion. We've put bids out on a few. Join Facebook to connect with Judith Thompson and others you may know. Speakers discussed the new globalization - or reglobalization and how it will be different. | Privacy Policy, Credit / Financing Programs for Businesses, Lehigh Valley Economic Development Corporation. This category only includes cookies that ensures basic functionalities and security features of the website. Women of Influence identifies high-achieving women for their tremendous career accomplishments. 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. Oct 2002 - Jan 20041 year 4 months. Sign-up for our weekly newsletter! FourFourTwo brings you the story of Neymars journey from the streets of Praia Grande to the Barcelona frontline. 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. These arent startups: Honey Stinger traces its beginnings to 1954, according to its website. Linsey is a graduate of New England Culinary Institute, earned her B.A. "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. You also have the option to opt-out of these cookies. 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. Email. This was not a standard project, Polt said. His job responsibilities include managing the Factory team and investments across 12 companies and two manufacturing plants. 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 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. Los Angeles Angels reassigned RHP Rich Thompson to the minor leagues. in finance and accounting from Boston College and holds an MBA in general management. There will be a lot of innovation and new flavors coming out because of this facility.. 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. Insights from LVEDC staff, local business leaders, and innovators. 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. All rights reserved. They need help for everything. See Rich Thompson's compensation, career history, education, & memberships. Factory Manufacturing Inc. opened. We should have up to 45 people at some point. A look inside the Factory LLC, a new business incubator in south Bethlehem at a former Bethlehem Steel factory on Thursday, January 10, 2019. Asad holds a bachelors degree in commerce with a major in accounting from the University of Mumbai, India. Python Python Software Foundation . 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. Nicolette holds an associates degree in specialized technology from Antonelli Institute, a graphic design and photography school formerly located outside of Philadelphia. The next thing Krajsa knew, he and other school officials were boarding Thompsons plane to meet representatives at Penn States main campus. 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. The company is a an innovation center for new food and beverage companies located at 315 Columbia St. in Bethlehem, Pa. Monroe County-based Weiler Abrasives has chosen Arjang AJ Roshan-Rouz as the next CEO. Jessica is a SHRM certified professional and holds a bachelors degree in Business Administration and minor in HR Management from Bloomsburg University. That, he said, creates a more convenient way for customers to drink ROAR. What makes Factory MF stand out is that every aspect of design was meticulously thought through and non-conventionally engineered to reach the safety, quality, and operational thresholds needed as a flexible and expanding powder and bar manufacturing facility, said Kevin Brown, operations and maintenance manager. Giu 11, 2022 | how to calculate calories per serving in a recipe. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. (Photo/Glenn Koehler). Factory LLC, located in South Bethlehem is a one-of-a kind, custom-built, 40,000 sq. Copyright 2023 Factory, LLC | All Rights Reserved. When youre a small company, you cant hire all that expertise, Cunningham said. 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. 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. One of them is Honey Stinger, which is getting into the hydration business, and Roar. 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. Get our free e-alerts & breaking news notifications! So we certainly feel that having a hydration plant on the East Coast gives us a big advantage at least for the retailers up and down the East Coast., Thompson said the Valley was a natural place for such a venture because you can reach 40% of the U.S. population within eight hours. Rich Thompson is the President at MST Steel based in Warren, Michigan. We have innovation partners here and a smart, talented workforce in the Lehigh Valley.. View the profiles of people named Judith Thompson. The facility is also designed to make products contracted by companies unaffiliated with Factory. Overnight on Wall Street is morning in Europe. 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. Co-Manager. Hobbies include flying, biking, skiing, squash and golf. Powdered drinks are a multibillion-dollar industry that needed a production facility on the East Coast, Thompson said. Their goal was to partner with a select group of highly ambitious founders/entrepreneurs to help small businesses quickly become big brands. On one of our first dates, I flew her in my [Cessna] P210 from Denver to Santa Fe to meet my mom. By clicking Accept, you consent to the use of ALL the cookies. Markets never sleep, and neither does Bloomberg News. The production facility at 157 N. Commerce Way in Hanover Township, Northampton County, is leased from J.G. Official MapQuest website, find driving directions, maps, live traffic updates and road conditions. But she is equally adept at opining on human food. With my crew of eight, we went to 20 cities in two weeks in our Hawker. I think thats lost in so many manufacturing facilities.. Facebook. The building is equipped for the production and packaging of powdered drinks, supplements and energy/protein bars. 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 Philosophy from Dickinson College. The Lehigh Valley is an ideal location within driving distance of a third of the U.S. population. 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. From Ireland, the New Economy Gateway series brings together regional leaders to discuss, analyze and propose solutions to the global economys most pressing problems. in Communications and Marketing from Franklin University. A chef by training, she puts a culinary spin on nutritional formulation. Factory specializes in "scaling up" businesses, according to the Kansas-born. Its the reason he recently launched Factory, a gleaming, 40,000-square-foot business laboratory of sorts at the Bethlehem Steel Corp. building 96, a former mill that churned out steel during World War II. CEO Files Rsum: Richard Thompson POSITION: Founder of Zootoo.com and CEO of GO7Brands. That was one of the main reasons that we wanted to get into it. So I thought, being a pilot and understanding how planes work, we could take it apart and rebuild it, which we did. Local officials, economic development representatives and others are excited about Thompsons project. 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. Profile. 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. Every time you do most anything on Zootoo, that shelter gets points. The idea for the company started about a dozen years ago while Tierney was sitting around a campfire with friends on summer break. 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. Sign-up for our weekly newsletter! 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. Linsey is also the host of The Ingredient Panel podcast, where a food scientist, a chef, and a food product developer discuss what's in your food, why it's in your food, and why that matters. Three months later we were married. Rich & Thompson Funeral Home & Crematory Providing funeral home, burial, and cremation services for Burlington and NC. Amazing work by the Factory Manufacturing team getting our FIRST powder production finished and ready to ship ON TIME and ABOVE GOAL! 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. 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. As Freshpets CEO, he tapped into the twin trends of healthier food for the family and the humanization of pets as he led a company which produced the first refrigerated pet foods. Prior to that she led marketing for Balance Bars successful turnaround while working at a private equity-backed firm. Monitor your investments 24 hours a day, around the clock from around the globe. ET, Site and contents are 2023 Lehigh Valley Economic Development Corporation. 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. He chose the region to open his second manufacturing plant to supply Walmart and other retailers across the country. 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. She believes every problem is an opportunity to identify a creative solution! Among its success stories is Stuffed Puffs, which makes chocolate- and caramel-infused marshmallows. Find nearby businesses, restaurants and hotels. Thousands of people were at the shelters with signs and balloons and lots of pets were adopted.Do you spend all your time on Zootoo?Mostly, but I have other businesses. These cookies do not store any personal information. Overall, he's stolen 442 bases in the minors. It's very reliable. Here he shows off the innovation kitchen. In renovated Bethlehem Steel mill, Richard, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), In renovated Bethlehem Steel mill, Richard Thompson launches Factory to grow companies with capital and acumen, What a green future could look like for the Lehigh Valley, Retail Watch: A (frozen) taste of New York comes to the Lehigh Valley for the first time, Boscovs says it will take leftover Bed Bath & Beyond coupons, A familiar name opens new coffee and sweets shop. Will I someday trade up to an 800? Founded American Italian Pasta Company in 1987; it went public in 1997. Has commercial pilot certificate with single- and multi-engine and instrument ratings. Founder Michael Tierney has been pioneering the proprietary process for a decade. 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. fine for parking in handicap spot in ohio. 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. Theres a lot of money available to entrepreneurs, and a lot of people willing to give or sell them advice. in mechanical engineering from Cornell University and an MBA from the Tuck School of Business at Dartmouth. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. 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. Everybody is running for the hills. So Richard and Tim partnered with Keith Caldwell, a financial guru who previously managed $8 billion in assets with a leading international investment group. Prior to joining Factory full-time, Megan served as an intern with the social media and digital marketing team. Industries served range from Health Care, Digital Signage and Media, Food Banks, QSRs, Restaurants, Manufacturing, Software and Farming. 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. Lead Manager. unique traits of plants, animals and humans. Leading $30MM operation comprised of 16 branches and 50+ personnel in central United States, 50% of which realized profit growth in 2003. 3/19/2023 9:05 PM. Most hydration plants are in California, Salt Lake City and in the South. Find Rich Thompson's phone number, address, and email on Spokeo, the leading online directory for contact information. This is a great facility, and it is located at a perfect spot, logistically, in the Lehigh Valley, he said. The Pennsylvania Dairy Promotion Program has elected its first female chair. ET, Site and contents are 2023 Lehigh Valley Economic Development Corporation. You buy low and sell high. Liz graduated from Moravian College with a B.A. Copyright 2023 Factory, LLC | All Rights Reserved. Is Zootoo internally funded?Yes, by me and my partners. Rich Thompson roster status changed by Los Angeles Angels. Heathers background is in residential and commercial facility care. My goal is to own the mindset of people who want to find and share information about pets and meet other pet lovers. 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. How did the idea to do Animal Shelter Makeovers evolve?At Meow Mix, we gave a lot of cat food to animal shelters. 10/31/2005 to 07/31/2018. 10/31/2005 to 07/31/2018. 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. Phone: 610-266-6775 Fax: 610-266-7623 Hours: Monday - Friday, 9 a.m. to 5 p.m. They chat over free healthy snacks at the two company cafes or a game of ping pong. Six years ago, I bought this airplane. A look inside the Factory LLC, a new business incubator in south Bethlehem at a former Bethlehem Steel factory on Thursday, January 10, 2019. degrees in economics and business, civil engineering and environmental science, and, of course, visual communications. 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. July 11, 2009. Rich Thompson, founder and managing partner of Factory LLC, recently started a plant to makes powdered drinks, protein bars and other consumable products. Shes worked in food trucks in North Carolina, baked pastries in Colorado, and cooked up dinners at the Grand Canyon. He earned his BA at Dartmouth and MBA at Columbia University. Insights from LVEDC staff, local business leaders, and innovators. Necessary cookies are absolutely essential for the website to function properly. As a design-focused problem solver, John, a Lafayette graduate, leans on his background with B.S./B.A. I don't have the time, but I'm trying to find the time.Any advice for business jet passengers?I have one rule for my pilots: We don't have to be anywhere at any given time. 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. All shelters are underfunded and understaffed. Facebook gives people the power. Business Jet Traveler is a publication of AIN Media Group, Inc., 214 Franklin Avenue, Midland Park, NJ 07432. 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. Shannon holds a B.A. John has almost three decades of supply chain and logistics experience. 1980 . Programming Languages (9 Technologies) ASP.NET Microsoft . Budgeting, forecasting . His passion is visual storytelling, with a focus on creating visual content around locally sourced food and beverages. More >. 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. So far, the platform has 20 to 30 users, representing at least 10 . from Kutztown University. Marla is a strong leader and problem solver with deep operational, financial, and managerial experience in the food industry. 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ROAR President Bill Lange said the new facility is making the innovations that the company has developed while working with Factory LLC. I use the airplane to fly there. I had to be an entrepreneur.What is the origin of GO7Brands?We owned Meow Mix, the cat food company. 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 So they go to a pet store instead of adopting a pet. 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. Thompson announced the project in September 2017, after he left Freshpet, buying the mill at 315 Columbia St. for $1.87 million. 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 . ft. facility that works with companies to build value. 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. These cookies will be stored in your browser only with your consent. Previously, Rich was the Board Member at Covenant House. 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. Marla is a CPA and financial executive with over 25 years of experience in financial accounting and reporting, budgeting and planning, and treasury.
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