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. 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. Fractionals are perfect for a corporation that doesn't want to own an airplane, or people who don't know anything about airplanes. 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. Way to go team!, Copyright 2023 Factory, LLC | All Rights Reserved. Megan handles social media engagement, posting, and reporting for Factorys brand partners. July 11, 2009. 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. 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. 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. Stuffed Puffs netted a distribution deal with Walmart and started production in Wisconsin at their R&D facility. He chose the region to open his second manufacturing plant to supply Walmart and other retailers across the country. Consumers are constantly on the go whether thats to the gym for sports or another appointment, he said. Rich Thompson's Phone Number and Email Last Update. A chef by training, she puts a culinary spin on nutritional formulation. Trey is a graphic designer with experience in UI/UX, branding, and advertising. Profile. 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. 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. 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. Ben earned his bachelors degree in business administration from Susquehanna University. Team - Factory LLC That sector made up about 18% of the Valleys private sector output, while the national average for manufacturing was 12%. 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[]. Necessary cookies are absolutely essential for the website to function properly. 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. 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. Judith Thompson Profiles | Facebook in Philosophy from Dickinson College. 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. Other recent hires include Cresa, Berkshire Hathaway HomeServices Fox & Roach and Girls on the R[]. So far, the platform has 20 to 30 users, representing at least 10 . She has provided insight and guidance to operations in dairy, grocery, meat, confectionary, and aseptic beverages. Thompson said he left Freshpet, which is based in Secaucus, N.J., partly because of his interest in pursuing this venture. Together they started Factory an operating company with funds to invest. Rich Thompson is the President at MST Steel based in Warren, Michigan. It also cuts down on plastics because customers can pour the powder into their re-usable bottles, reducing the need for single-use plastics. Rich Products Corporation | Global Food Supplier Serving Foodservice Think of it more as Factory U an innovation campus for small companies that are looking to grow, according to Thompson. In her last role, she helped build and lead a new photography studio in PA for Henry Schein, a medical products company. Three months later we were married. Nobody knew what Zootoo was six months before. 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. This year, Thompsons team has unveiled a 75,000-square-foot production facility, dubbed Factory Manufacturing LLC, that will make products for a few of those growing companies. I got my pilot's license in June 1967.You said you've had several piston airplanes, but you stopped flying. See Rich Thompson's compensation, career history, education, & memberships. Factory is a 40,000-square-foot innovation center that offers a chance for businesses to scale up their products and introduce them to a wider audience, which translates into higher sales and more income. [They wonder], "Why are you having lunch with them?" She works closely with the digital marketing team to create social media graphics, email newsletters, and digital advertisements for Factorys brand partners. The high concentration of food and beverage companies in Lehigh Valley has helped propel the region to the nations 52nd largest manufacturing economy. 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. She earned a B.A. We wanted a footprint where we would be able to leverage our supply chain and also be in an environment where we can get really good people to be on our team, people who understand manufacturing, engineering and food processing, he said. The company is a an innovation center for new food and beverage companies located at 315 Columbia St. in Bethlehem, Pa. Tim Pollak was CEO of a top-20 global ad agency and vice chairman of two top-5 agencies, Y&R and Dentsu. Rich Thompson Profiles | Facebook Markets never sleep, and neither does Bloomberg News. A look inside the Factory LLC, a new business incubator in south Bethlehem at a former Bethlehem Steel factory on Thursday, January 10, 2019. Read More . The capital that I didn't spend on an 800 I have for my business, and I have an airplane that is just as good. 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. Dylan is a graduate of Penn States food science program, where he did research on the quantities of antioxidants in fruits and vegetables. We have an investment in a pasta business in North Dakota. 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. Charlie has been cooking professionally for over 20 years. unique traits of plants, animals and humans. 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. Here, youre not hiring anybody, Thompson said. Most recently, she led the snacks division at the Hain Celestial Group, where she worked on natural channel brands like TERRA Chips and Garden of Eatin, and spent 4 years in leadership roles at B&G foods. Youre driving a used car, and [Thompsons] like, Were going to show up in a bus, Marz said. Shannon holds a B.A. Your typical pet shelter is on a highway somewhere, away from other parts of the community. Rich Thompson roster status changed by Los Angeles Angels. 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 new building, in Lehigh Valley Industrial Park IV, is equipped to produce and package powdered drinks, supplements and energy/protein bars. 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. Since 2003, Business Jet Traveler has been providing subscribers in more than 150 countries with aviation and lifestyle news, reviews, and features. Meet Richard Thompson, Founder & CEO of Factory LLC - YouTube I had to be an entrepreneur.What is the origin of GO7Brands?We owned Meow Mix, the cat food company. For the price point $399 MSRP there are few other rifles that are as feature rich. Can you take the heat of The Blast Furnace?, Said Marz: Its kind of a real life Shark Tank, but its in our backyard.. Python Python Software Foundation . 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. September 1, 2009. Factorys website notes its proximity to Newark and Philadelphia airports. But, on top of that, he said, the project itself was ground-breaking. in graphic and interactive design and a minor in business management (marketing track). fine for parking in handicap spot in ohio. Chad received his undergraduate degree from Bloomsburg University and his MBA from Moravian College. He met Rich while serving on the board American Italian Pasta Company, and also served on the boards of Meow Mix and Freshpet. Michael has over seven years experience in Corporate and Investment Banking. 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 Self Employed Entreprenur at Aibs Empire Global. - Rich Thompson, Managing Partner. Is Zootoo internally funded?Yes, by me and my partners. 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.
