SalesLeads announced the August 2023 results for the new planned capital project spending report for the Food and Beverage industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 77 new projects in the Food and Beverage sector as compared to 78 in July.
The following are selected highlights on new Food and Beverage industry construction news.
Food and Beverage Project Type
- Processing Facilities – 46 New Projects
- Distribution and Industrial Warehouse – 35 New Projects
Food and Beverage Project Scope/Activity
- New Construction – 28 New Projects
- Expansion – 15 New Projects
- Renovations/Equipment Upgrades – 36 New Projects
- Plant Closing – 4 New Projects
Food and Beverage Project Location (Top 10 States)
- New York – 8
- Florida – 6
- Michigan – 5
- California – 4
- Indiana – 4
- Connecticut – 3
- Georgia – 3
- Iowa – 3
- Missouri – 3
- North Carolina – 3
Largest Planned Project
During the month of August, our research team identified 3 new Food and Beverage facility construction projects with an estimated value of $100 million or more
The largest project is owned by DrinkPAK, who is planning to invest $452 million for the construction of 2 processing and distribution facilities in FORT WORTH, TX. They are currently seeking approval for the project.
Top 10 Tracked Food and Beverage Projects
UTAH: Snack food MFR. is planning to invest $160 million for the expansion and equipment upgrades on their processing and warehouse facility in RICHMOND, UT. Completion is slated for late 2024.
MANITOBA: Meat processing company is planning to invest $53 million for the expansion and equipment upgrades on their processing facility in WINKLER, MB. They are currently seeking approval for the project.
OKLAHOMA: Membership-only grocery and retail chain is planning to invest $40 million for the renovation and equipment upgrades on a 300,000 SF distribution center on SW 29th Street in OKLAHOMA CITY, OK. Completion is slated for early 2024.
CALIFORNIA: Grocery retailer is planning for the renovation and equipment upgrades on a recently leased 1.4 million sf distribution and office facility at 12434 Fourth Street in RANCHO CUCAMONGA, CA. They will relocate their operations upon completion in Summer 2024.
CONNECTICUT: Retail and grocery store chain is planning for the construction of a 530,000 SF distribution center at 500 Groton Rd. in WINDSOR, CT. They are currently seeking approval for the project.
IOWA: Custom spray drying, blending, and packaging service provider is planning to invest $23 million for the expansion and equipment upgrades of their warehouse in OSAGE, IA. They have recently received approval for the project.
ONTARIO: Bakery company is planning to invest $18 million for the construction of a 105,000 SF processing and warehouse facility in SCARBOROUGH, ON. They have recently received approval for the project.
GEORGIA: Foodservice distributor and restaurant chain is planning for the renovation and equipment upgrades on a 100,000 SF warehouse and office facility at 2715 Brown Rd. in BUFORD, GA. They are currently seeking approval for the project. They will relocate their HQ operations upon completion in Spring 2024.
WASHINGTON: Produce company is planning for the expansion of their processing and warehouse facilities at 1064 Birch Bay in LYNDEN, WA by 65,000 SF. They have recently received approval for the project.
MISSOURI: Supplement MFR. is planning to invest $9 million for the renovation of their warehouse and office facility at 650 Assembly Pkwy. in FENTON, MO. They are currently seeking approval for the project.
About IMI SalesLeads, Inc.
Since 1959, IMI SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline.
