IMI SalesLeads announced today the November 2022 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 78 new projects in the Food and Beverage sector.
The following are selected highlights on new Food and Beverage industry construction news.
Food and Beverage Project Type
- Processing Facilities – 65 New Projects
- Distribution and Industrial Warehouse – 22 New Projects
Food and Beverage Project Scope/Activity
- New Construction – 32 New Projects
- Expansion – 24 New Projects
- Renovations/Equipment Upgrades – 34 New Projects
- Plant Closing – 1 New Project
Food and Beverage Project Location (Top 10 States)
- New York – 9
- California – 6
- Georgia – 5
- Kentucky – 5
- Ontario – 5
- Iowa – 4
- North Carolina – 4
- Texas – 4
- Wisconsin – 4
- Florida – 3
Largest Planned Project
During the month of November, our research team identified 6 new Food and Beverage facility construction projects with an estimated value of $100 million or more.
The largest project is owned by Diageo Americas Supply, Inc., who is planning to invest $415 million for the construction of a production facility in MONTGOMERY, AL. They are currently seeking approval for the project.
Top 10 Tracked Food and Beverage Projects
GEORGIA: Company Name: Grupo Bimbo – Bakery company is expanding and planning to invest $200 million for the construction of a 2nd processing facility in VALDOSTA, GA. They have recently received approval for the project.
- Anticipated Investment: $200,000,000
- Reason Behind Expansion: Establish a new processing facility
- Tax Incentives: Undisclosed
- Project Contacts: Lee Falk – VP Supply Chain Logistics, Tony Sabulski – VP Procurement, Michael Flanagan – Senior Mgr., Facilities and Maintenance
NEBRASKA: Company Name: Greater Omaha Packing – Meat processing company is planning to invest $100 million for the expansion of their processing and warehouse facility in OMAHA, NE. They are currently seeking approval for the project. Completion is slated for 2026.
- Anticipated Investment: $100,000,000
- Reason Behind Expansion: Expansion of their processing and warehouse facility
- Tax Incentives: Undisclosed
- Project Contacts: Ryan Abell – VP, Operations, Preston Dau – VP, Supply Chain, Curtis Hobscheidt – Dir. Procurement
KENTUCKY: Company Name: Double D Group LLC – Specialty food processing company is planning to invest $42 million for the renovation and equipment upgrades on a 333,000 sf processing and warehouse facility in GREENVILLE, KY. They have recently received approval for the project.
- Anticipated Investment: $42,000,000
- Reason Behind Expansion: Modernize equipment and renovation of a processing and warehouse facility
- Tax Incentives: $3,000,000
- Project Contacts: Orrin Mclendon – General Mgr., Mitch Forstie – Plant Mgr., Stephanie Reid – Purchasing Mgr.
IOWA: Company Name: Benson Hill Inc. – Specialty food products mfr. is planning to invest $28 million for a 15,000 sf expansion and equipment upgrades on their processing facility 1310 E. Howard St. in CRESTON, IA. They have recently received approval for the project.
- Anticipated Investment: $28,000,000
- Reason Behind Expansion: Modernize equipment and expansion of their processing facility
- Tax Incentives: Undisclosed
- Project Contacts: Chris Wilkins – COO, Jack Thompson – Sr. Dir. Facilities and EHS, Louis Maull – Operations Mgr.
GEORGIA: Company Name: FPL Food LLC – Meat processing company is planning for the renovation and equipment upgrades on their processing facility in AUGUSTA, GA. They are currently seeking approval for the project.
- Anticipated Investment: Undisclosed
- Reason Behind Expansion: Modernize equipment and renovation of their processing facility
- Tax Incentives: Undisclosed
- Project Contacts: Lab Kolshi – EVP Operations, Phyllis Reed – Supply Chain Mgr., Hazel Stevens – Purchasing Mgr.
WASHINGTON: Company Name: Charlie’s Produce – Fresh produce company is planning to invest $17 million for the construction of an 84,000 sf warehouse and office facility at 6505 W. 40th Ave. in SPOKANE, WA. They are currently seeking approval for the project. Completion is slated for late 2023.
- Anticipated Investment: $17,000,000
- Reason Behind Expansion: Establish a new warehouse and office facility
- Tax Incentives: Undisclosed
- Project Contacts: Rob Billow – Division President, Brian Namatame – Dir. Procurement, Trevor Magney – Operations Mgr.
NEW YORK: Company Name: Best Bev – Beverage company is planning to invest $15 million for the renovation and equipment upgrades on a recently leased processing space at 830 Talmadge Hill Road South in WAVERLY, NY. They will relocate their operations upon completion.
- Anticipated Investment: $15,000,000
- Reason Behind Expansion: Modernize equipment and renovation of a processing facility
- Tax Incentives: $3,200,000
- Project Contacts: Angus Rittenburg – COO, Joseph Moleski – Plant Engineering Mgr., Andrew Zimmerman – Production Planning Mgr.
KANSAS: Company Name: Schwan’s Company – Food processing company is planning for the expansion of their refrigerated distribution space in SALINA, KS by 140,000 sf. Construction is expected to start in 2023, with completion slated for early 2025.
- Anticipated Investment: Undisclosed
- Reason Behind Expansion: Expansion of their distribution facility
- Tax Incentives: Undisclosed
- Project Contacts: Mandi Kirkpatrick – Plant Dir., Amit Save – Sr. Mgr. Operational Excellence, Mike Dehaven – Facilities Maintenance Mgr.
NORTH CAROLINA: Company Name: Adams Beverages – Beverage company is planning for the construction of a 108,000 sf warehouse and office facility at 2265 Mercantile Dr. in LELAND, NC. They are currently seeking approval for the project. The site allows for a future 129,500 sf expansion.
- Anticipated Investment: Undisclosed
- Reason Behind Expansion: Establish a new warehouse and office facility
- Tax Incentives: Undisclosed
- Project Contacts: Rob Passi – VP, Brendan Finnigan – General Mgr., Drew Ezzell – Dir. Operations
GEORGIA: Company Name: Hodie Meats, Inc. – Startup meat processing company is planning for the renovation and equipment upgrades on a 45,000 sf processing facility at 2850 Gainesville Hwy in ALTO, GA. They have recently received approval for the project. Completion is slated for late 2022.
- Anticipated Investment: Undisclosed
- Reason Behind Expansion: Modernize equipment and renovation of a processing facility
- Tax Incentives: Undisclosed
- Project Contacts: Alvaro Villaveces – Owner
About SalesLeads, Inc.
Since 1959, 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. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team.
