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. 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.. Thompson announced the project in September 2017, after he left Freshpet, buying the mill at 315 Columbia St. for $1.87 million. FISCHER CUSTOM COMMUNICATIONS, INC. Appliances, Electrical, and Electronics Manufacturing Torrance, California When you think about it, thats awesome, Thompson said. Los Angeles Angels recalled Rich Thompson from Salt Lake Bees. 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. 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. 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. People know I'm involved.What is the worst mistake a CEO can make?Not listening to your people. She earned a B.A. We use cookies to ensure that we give you the best experience on our website. Meet Your East Coast Powders Manufacturer. Tyler has seven years of merchandising experience in retail operations with Giant Food Stores, where he specialized in non-perishables and inventory control. Shannon has over 10 years experience in ecommerce, online merchandising, and website management at major retailers, including Party City, Lord & Taylor, and Bed, Bath & Beyond. Rich Thompson, Factory LLC/The: Profile and Biography in applied science and technical leadership from Bloomsburg University. Join Facebook to connect with Judith Thompson and others you may know. Oct 2002 - Jan 20041 year 4 months. We launched in October 2007 and it's now the leading online community for pet lovers.Why did you decide to do a Web site for pet lovers?There are 200 million pet owners and lovers in this country. 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. He earned his BA at Dartmouth and MBA at Columbia University. Previously, Rich was the Board Member at Covenant House. The Women of Influence honorees are selected[], We take a look at the latest developments in Health Care across the region. 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. 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. The facility also includes the research and development expertise provided by Allen Flavors, which works with middle market, entrepreneurial and multinational food and beverage brands with flavors. I never worked for anybody. In the past year, Thompson said, the challenge was preparing for the coming recession and being sure we did not have to lay off any team members and at the same time staffing up our new Hydration plant. For the price point $399 MSRP there are few other rifles that are as feature rich. Factory Manufacturing will begin with a staff of 12, but Thompson says the workforce will gradually expand. This category only includes cookies that ensures basic functionalities and security features of the website. Erin holds a B.S. Those design revisions make the Stuffed Puffs building among the first class of pandemic-era industrial facilities. The first production line made single-serve packets of powder for ROAR, a beverage company growing through Factory LLC. Erin has worked on better-for-you CPG brands for over 15 years. It was the first facility of this kind because of this very new [manufacturing] process.. The high concentration of food and beverage companies in Lehigh Valley has helped propel the region to the nations 52nd largest manufacturing economy. Factory Manufacturing is the second manufacturing facility to arise from the Factory LLC. "I've never had a job my whole life that I didn't create," he told me as we talked in his finely refurbished Hawker 700A on the Jet Aviation ramp at New Jersey's Teterboro Airport.Thompson left El Paso [Texas] Community College after two years in the early 1970s seeking adventure. Here he shows off the innovation kitchen. A look inside the Factory LLC, a new business incubator in south Bethlehem at a former Bethlehem Steel factory on Thursday, January 10, 2019. 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. Bethlehem Attorney Dorota Gasienica-Kozak, a partner in King, Spry, Herman, Freund & Faul LLC an[], PSECU, which is headquartered in Harrisburg, but has locations throughout the state, has named Gina [], Eights Gym & Fitness, a gym and fitness center, has opened for business in Alburtis. Elias earned his B.S. Sign-up for our weekly newsletter! Ben earned his bachelors degree in business administration from Susquehanna University. I looked at his track record of success. 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. He moved to Lehigh Valley to build the business with an investment from Factory and Richard Thompson. How did you get involved in aviation?I worked at the local airport while I was in high school. degrees in economics and business, civil engineering and environmental science, and, of course, visual communications. - Rich Thompson, Managing Partner. Overall, he's stolen 442 bases in the minors. With an economic output of $8.4 billion, manufacturing was the biggest contributor to the Lehigh Valley metro regions GDP in 2021 and employs more than 36,000 people in Lehigh and Northampton counties, making products ranging from Crayola crayons, Mack Trucks and Stuffed Puffs. He has a BA in economics and European history from the University of Wisconsin-Madison. Official MapQuest - Maps, Driving Directions, Live Traffic Experience is invaluable, as are the relationships built over years in the industry, and the resources that can make or break a new venture are often unaffordable. Chad received his undergraduate degree from Bloomsburg University and his MBA from Moravian College. Prior Factory, Leland worked at AUA Private Equity Partners, Wild Oats and Guggenheim Securities where he completed transactions in food and beverage, restaurants and e-Commerce. 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 . It is mandatory to procure user consent prior to running these cookies on your website. Former Adecco executive Rich Thompson launches LinkedIn for athletes Analee has a project management professional certification and a B.S. But if someone comes in with a high enough price-who knows?Speaking of entrepreneurs, how did you become one?I was born an entrepreneur. He takes the drivers seat, and he has the resources available at your fingertips.. About 75 million households have pets. | Privacy Policy, Credit / Financing Programs for Businesses. 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. 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. Rich & Thompson Funeral & Cremation Service - Burlington, NC Local officials, economic development representatives and others are excited about Thompsons project. ft. facility that works with companies to build value. 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. Sold Meow Mix to the Cypress Group in 2003 for $435 million, remaining as CEO after reinvesting in Cypress.
Kapolei High School Staff, Swabbies On The River Event Calendar, Airbnb Buffalo, Ny Downtown, Articles R