Stuffed Puffs becomes the Lehigh Valley’s sweetest new employer. Stuffed Puffs founder and CEO Mike Tierney, Richard Thompson, managing partner of Factory LLC, DJ Marshmello and his manager Moe Shalizi joined by Jim Petrucci, founder and president of J.G Petrucci Co., Inc., Don Cunningham, CEO of Lehigh Valley Economic Development Corp, and Dennis Davin, Pennsylvania Secretary of Community and Economic Development, cut the 30-foot ribbon on a the new 150,000 square foot plant in Bethlehem, Pennsylvania.
“Stuffed Puffs will be available at retailers across the US in the next year. The Lehigh Valley offers great incentives for companies to build here,” said Tierney.
Stuffed Puffs received a funding proposal from the Department of Community and Economic Development (DCED). The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who work with businesses that are considering locating or expanding in Pennsylvania.
“Food processing is one of Pennsylvania’s most robust and vibrant industries, supporting thousands of jobs and generating more than $5 billion in sales annually,” said Davin. “It is only fitting that Stuffed Puffs, a new, innovative food company, would make the Lehigh Valley in our commonwealth its new home, and we are proud to have helped.”
Stuffed Puffs is a confectionery manufacturer that uses a custom designed and highly secretive manufacturing process to make a chocolate-filled marshmallow. The company also has the ability to make multiple shapes and flavors of marshmallows with various fillings. Stuffed Puffs initially launched its product exclusively at Walmart stores and will be expanding to other retailers in 2020.
Factory LLC is a team of experienced operators with $250M of investable capital who acquire meaningful equity stakes in high potential food, beverage and pet health companies, and partner with them to rapidly build value.