Keith earned his MBA at the MIT Sloan School of Management and holds a BS in chemistry from UCSD. 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. The new building, in Lehigh Valley Industrial Park IV, is equipped to produce and package powdered drinks, supplements and energy/protein bars. She enjoys digging into the data that our brand partners rely on to set their marketing strategies. 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. I think thats lost in so many manufacturing facilities.. - Hire top talent to meet and exceed . ET, Site and contents are 2023 Lehigh Valley Economic Development Corporation. PREVIOUS POSITIONS: CEO and president of The Meow Mix Company, which he bought with JW Childs Associates from Nestle/Purina for $167 million in 2002. Brand building and scaling-up are both very challenging, and it is foreign territory for most entrepreneurs. Rich Thompson - Senior Portfolio Manager - Arcis Golf | ZoomInfo Petrucci Co., was among the 5.2 million square feet of industrial space delivered so far this year in Lehigh and Northampton . 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. Factory Manufacturing Inc. opened a 75,000-square-foot facility in Hanover Township, Northampton County, across the street from Freshpets pet food operations. This has nothing but upside potential for the region.. But Pleasant Valley turned over records for Idaho case, which was started five years ago in south Bethlehem, Do Not Sell/Share My Personal Information. Its a business accelerator for food, beverage and pet companies looking to scale up. 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. 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. "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. But our Shark Tank events are going to be called The Blast Furnace. Can you come into The Blast Furnace. Most recently, she worked as a content manager at Lafayette College, helping to tell the stories of a legacy institution in the Lehigh Valley. 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. How did the idea to do Animal Shelter Makeovers evolve?At Meow Mix, we gave a lot of cat food to animal shelters. Prior to joining Factory full-time, Megan served as an intern with the social media and digital marketing team. Richard Thompson - Managing Partner - Factory | ZoomInfo We decided that we wanted to build a couple of plants for a couple of brands that we have, said Thompson, who left as Freshpet CEO in 2016 to found 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. from Kutztown University. She graduated from DeSales University with a double major in finance and business administration. He is currently working to complete his Certified Management Accountant License from the Institute of Management Accountants. Look no further than Thompson/Center's new Compass bolt-action rifle for proof. Trey is a graphic designer with experience in UI/UX, branding, and advertising. His passion is visual storytelling, with a focus on creating visual content around locally sourced food and beverages. Stuffed Puffs netted a distribution deal with Walmart and started production in Wisconsin at their R&D facility. We have an investment in a pasta business in North Dakota. 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. Contact. Sold Meow Mix to the Cypress Group in 2003 for $435 million, remaining as CEO after reinvesting in Cypress. She has provided insight and guidance to operations in dairy, grocery, meat, confectionary, and aseptic beverages. Advertisement. 10/31/2005 to 12/31/2012. A former CEO of Freshpet, Thompson had helped lead the move of Freshpet into Lehigh Valley in a production facility just across the street from where Factory Manufacturing LLC is now in Lehigh Valley Industrial Park IV. So Richard and Tim partnered with Keith Caldwell, a financial guru who previously managed $8 billion in assets with a leading international investment group. Pat provides comprehensive perspectives and solutions from concept to shelf, leveraging his experience in brand management, global sourcing, product development, and retail integration. These cookies do not store any personal information. The gym, lo[]. Will I someday trade up to an 800? He spent 26 years with Nestle, where he rose to vice president of sales for the pizza and snacks division, and he served three years as EVP of enterprise client services at Advantage Sales and Marketing. It is making powdered beverages for Roar, a sports drink company, and for Honey Stinger, which specializes in performance chews, energy waffles and protein bars. Overall, he's stolen 442 bases in the minors. Anthony Salamone is a reporter covering general news in Northampton County. Jessica brings with her years of HR leadership experience in the manufacturing and hospitality fields. North America. In 2019, Thompson launched his own human resources solutions company, Xtra Point Group. 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. There will be a lot of innovation and new flavors coming out because of this facility.. Founded American Italian Pasta Company in 1987; it went public in 1997. Rich Thompson Professional Musician. I build companies, Thompson said during a recent tour of the 40-foot-tall facility that opened in December. Copyright 2023. What happened?When I was 32 I met Kristen, my future wife, in a Republic Airlines boarding line at Minneapolis Airport. Facebook gives people the power. Twitter. 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. Mike has over 30 years of experience in logistics, distribution, inventory control, and supply chain management across various industries. Giu 11, 2022 | how to calculate calories per serving in a recipe. When you get something with a stand-up bathroom, I'll fly with you again." Asad has 17 years of professional accounting and finance experience in the manufacturing sector, including CPG. 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. Michaels entrepreneurship combined with Richard Thompson and Factorys innovation center for food and beverage has created the latest Lehigh Valley-made product to land on the nations supermarket shelves.. Dylan interned with Factorys research and development department before joining the team full-time in 2020. You buy low and sell high. She helps Factorys brand partners develop and refine their ecommerce strategies, handling everything from launching and managing ecommerce sites through forecasting and reporting. 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. He also served in the Golani brigade of the Israeli Defense Forces from 2010 2012. 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[]. The transportation of the products to market will be cheaper because the packets weigh less than bottled beverages, requiring less fossil fuel. Petrucci Co., was among the 5.2 million square feet of industrial space delivered so far this year in Lehigh and Northampton counties. Businesses recently named a series of hires in the Lehigh Valley and beyond. Phone: 610-266-6775 Fax: 610-266-7623 Hours: Monday - Friday, 9 a.m. to 5 p.m. Kristi earned her degree in business administration at Muhlenberg College. 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. Official MapQuest - Maps, Driving Directions, Live Traffic Lehigh Valley was among the busiest industrial markets in the nation during the pandemic. 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. The company is a an innovation center for new food and beverage companies located at 315 Columbia St. in Bethlehem, Pa. in fine arts with a concentration in photography from Kutztown University. Industries served range from Health Care, Digital Signage and Media, Food Banks, QSRs, Restaurants, Manufacturing, Software and Farming. Fidelity Advisor Stock Selector Small Cap Fund - Class Z. Three months later we were married. Richard Thompson is an enthusiastic self-proclaimed entrepreneur. Del Monte didn't want our office space or employees, so I kept most of the team, about 36 people, and the space, about 20,000 square feet. But opting out of some of these cookies may have an effect on your browsing experience. rich thompson factory. So companies selling cat litter, pet food manufacturers, pet suppliers, vets, groomers and so on are the people who you'd want advertising. East Coast Powders Manufacturer | Factory Manufacturing But, on top of that, he said, the project itself was ground-breaking. 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. 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. Ben has over seven years of experience in shopper marketing. rich plums and chocolates. Now I pay the normal charter rate and what I'm doing is funding part of the maintenance on the plane myself.
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