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2015-10-26T00:00:00.000Z

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Wrong Edward Cuccio?

Edward Cuccio

Chief Executive Officer

Resource One

HQ Phone: (314) 628-0880

Email: e***@***.com

Resource One

1024 Executive Parkway

Creve Coeur, Missouri 63141

United States

Company Description

Founded in St. Louis, Missouri in 1987, Resource One quickly established a national presence as a "sourcing agent" for multiple lines of private label food products. The 1980's truly represented a fundamental period of transition for private labels as the... more

Find other employees at this company (1,156)

Background Information

Employment History

President, Executive Board

Harris House

Web References (6 Total References)


Yihe

www.yiheseafood.com [cached]

But through it all Chen kept in communication with Resource One, the company that put Yihe in receivership last fall, and after many long conversations between Chen and Resource One's CEO Ed Cuccio, the two companies have partnered again, launching their rebranding of the "New Yihe" at the Seafood Expo North America in Boston.


Yihe

www.yiheseafood.com [cached]

However, the company experienced severe cash flow issues last year at the time it needed to procure raw materials for 2014, said Ed Cuccio, CEO of Resource One in St. Louis, the company whose claims put Yihe in receivership last fall. Yihe and Resource One are now supply chain and retail-service partners.

The cash flow problems were a "direct result of Chinese banks tightening and changing their credit terms. It affected a whole array of different businesses internationally," said Cuccio.
...
"Nobody was left hanging," said Cuccio.
Chen, Cuccio and Klein declined to divulge any further financial information.
...
As Cuccio explained, the entire "middle tier" of the company, including the Seattle office, was shut down.
...
"One of the biggest differences now is that we have private financing," added Cuccio, who had just returned from China for a visit with Junbin Yang, whose Fuhuang Group manufactures steel structures, among a variety of other businesses. "It's reduced our [dependence] on support from the banks."
Cuccio said the "textbook" and "orderly" receivership process was done to save the company and ensure that Yihe could make shipments from November through Lent, the company's prime sales period.


Yihe

www.yiheseafood.com [cached]

This, said Ed Cuccio, the CEO and founder of the St. Louis, Missouri-based Resource One, makes the business model of the 'New Yihe" more solid.


Yihe

www.yiheseafood.com [cached]

Despite past struggles with Yihe's finances, Resource One chairman and CEO Ed Cuccio speaks highly of Yihe, particularly for its industry connections.

"Yihe has developed long-term relationships with many retailers based on their unquestioned quality and industry-leading prices," Cuccio said.
"Subsequently, all of its retail customers have benefited greatly from their participation in Yihe's programs," he said.


Harris House - Staff

www.harrishouse.org [cached]

Ed Cuccio, President Executive Board of Directors

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