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Industrial Food and Beverage Planned Investment Decreased in October 2022 to 71 Projects in U.S. and Canada

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IMI SalesLeads announced today the October 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 71 new projects in October, compared to 80 new projects in September for 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 – 47 New Projects

Distribution and Industrial Warehouse – 29 New Projects

Food and Beverage Project Scope/Activity

New Construction – 25 New Projects

Expansion – 28 New Projects

Renovations/Equipment Upgrades – 19 New Projects

Plant Closing – 3 New Projects

Food and Beverage Project Location (Top 10 States)

Michigan – 5

Georgia – 4

New York – 4

Texas – 4

California – 3

Iowa – 3

Massachusetts – 3

Pennsylvania – 3

Tennessee – 3

Wisconsin – 3

Opportunities – By Equipment Need

Air Emissions Control Equipment – 43

Compressed Air Systems – 67

Control Systems and Instrumentation – 43

Conveyors – 56

Floor Coatings – 43

Material Handling/Storage Equipment – 66

Mechanical Construction – 57

Packaging Equipment – 40

Process Equipment – 40

Tanks/Vessels – 28

Largest Planned Project

During the month of October, our research team identified 4 new Food and Beverage facility construction projects with an estimated value of $100 million or more.

The largest project is owned by Manna Beverages & Ventures, who is planning to invest $600 million for the construction of a 1.7 million sf processing, distribution, and laboratory complex in MONTGOMERY, AL. They have recently received approval for the project. Completion is slated for 2025.

Top 10 Tracked Food and Beverage Projects

VIRGINIA:

Company Name: Plenty Unlimited Inc.

Indoor farming company is planning to invest $300 million for the construction of a growing and processing facility in CHESTERFIELD, VA. They have recently received approval for the project. Construction will occur in multiple phases, with completion slated for late 2024.

Anticipated Investment: $300,000,000

Reason Behind Expansion: Establish a new growing and processing facility

Tax Incentives: $2,900,000

Project Contacts:

Megan Gillespie – VP, Operations

Jeff Shura – Dir. of Engineering

Susan Oliver – Sr. Construction Project Mgr.

Equipment OppAlerts:

NEW YORK:

Company Name: Acme Smoked Fish Corp

Specialty food processing company is planning for the expansion of their processing, warehouse, and office facility in BROOKLYN, NY. They are currently seeking approval for the project. Completion is slated for 2024.

Anticipated Investment: Undisclosed

Reason Behind Expansion: Expansion of their processing, warehouse, and office facility

Tax Incentives: Undisclosed

Project Contacts:

Gabriel Viteri – COO

Matthew Ranieri – VP, Technical Services

Ben Schwartz – Supply Chain Dir.

Equipment OppAlerts:

GEORGIA:

Company Name: Essentia Protein Solutions

Specialty ingredient mfr. is planning to invest $100 million for the construction of a processing facility in DALTON, GA. They are currently seeking approval for the project.

Anticipated Investment: $100,000,000

Reason Behind Expansion: Establish a new processing facility

Tax Incentives: Undisclosed

Project Contacts:

Brian Haines – VP, Manufacturing

Jack Wolf – Plant Mgr.

Dave Palkovic – Process Engineer

Equipment OppAlerts:

GEORGIA:

Company Name: Coca-Cola Bottling Company United Inc.

Beverage company is planning to invest $80 million for a 260,000 sf expansion of their warehouse space at 4521 Chapel Hill Dr. in MACON, GA. They are currently seeking approval for the project.

Anticipated Investment: $80,000,000

Reason Behind Expansion: Establish a new warehouse facility

Tax Incentives: Undisclosed

Project Contacts:

Stan Ellington – VP, Supply Chain and Operations

Mike Stovall – Dir. Procurement

Susannah Jones – Operations Mgr.

Equipment OppAlerts:

TENNESSEE:

Company Name: Handsome Brook Farms

Egg producer is planning to invest $31 million for the renovation and equipment upgrades on a processing facility on Technology Way in MORRISTOWN, TN. They have recently received approval for the project.

Anticipated Investment: $31,000,000

Reason Behind Expansion: Modernize equipment and renovation of a processing facility

Tax Incentives: Undisclosed

Project Contacts:

Jordan Czeizler – CEO

Diego Montesdeoca – VP Operations

Dan Greenway – Operations Mgr.

Equipment OppAlerts:

VIRGINIA:

Company Name: Anheuser-Busch

Brewery is planning to invest $20 million for the renovation and equipment upgrades on their production facility in WILLIAMSBURG, VA. They are currently seeking approval for the project.

Anticipated Investment: $20,000,000

Reason Behind Expansion: Modernize equipment and renovation of their production facility

Tax Incentives: Undisclosed

Project Contacts:

Sarah Schilling – Sr. General Mgr.

Elizabeth Reeve – Engineering and Capital Projects Mgr.

Kriti Jain – Supply Chain and Logistics Warehouse Mgr.

Equipment OppAlerts:

MASSACHUSETTS:

Company Name: Pangea Shellfish Company

Seafood company is planning for the construction of a 90,000 sf processing and warehouse facility at 10 Codfish Way in BOSTON, MA. They have recently received approval for the project. They will relocate their operations upon completion.

Anticipated Investment: Undisclosed

Reason Behind Expansion: Establish a new processing and warehouse facility

Tax Incentives: Undisclosed

Project Contacts:

Ben Lloyd – Owner and President

Steven Doyle – Operations Mgr.

Equipment OppAlerts:

TEXAS:

Company Name: Tyson Foods Inc.

Meat processing company is planning to invest $10 million for an 8,000 sf expansion of their cold storage facility in VERNON, TX. Completion is slated for Summer 2023.

Anticipated Investment: $10,000,000

Reason Behind Expansion: Expansion of their cold storage facility

Tax Incentives: Undisclosed

Project Contacts:

Dane Bonfy – Plant Mgr.

Michael Blaisdell – Group Division Engineer

Jimmy Perez – Safety Mgr.

Equipment OppAlerts:

PENNSYLVANIA:

Company Name: Blessings Of Hope

Foodbank is planning to invest $8 million for the renovation and equipment upgrades on a recently acquired 52,000 sf processing and warehouse facility at 191 Ridgeview Rd. S in MOUNT JOY TOWNSHIP, PA. They will relocate their operations upon completion in Summer 2023.

Anticipated Investment: $8,000,000

Reason Behind Expansion: Modernize equipment and renovation of a processing and warehouse facility

Tax Incentives: Undisclosed

Project Contacts:

Aaron Fisher – Exec. Dir.

Durrell Nolt – Operations Mgr.

Equipment OppAlerts:

ILLINOIS:

Company Name: Veteran Roasters

Coffee and brewery company is planning to invest $7 million for the construction of a 16,000 sf processing and production facility in PULLMAN, IL. Construction is expected to start in Spring 2023, with completion slated for early 2024.

Anticipated Investment: $7,000,000

Reason Behind Expansion: Establish a new processing and production facility

Tax Incentives: Undisclosed

Project Contacts:

Mark Doyle – Owner

Equipment OppAlerts:

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.

Each month, our team provides hundreds of industrial reports within a variety of industries, including:

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