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Strong Food and Beverage Performance for Planned Industrial Projects Grew 32% in January 2023

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IMI SalesLeads announced today the January 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 91 new projects in January as compared to 69 in December 2022 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 – 72 New Projects

Distribution and Industrial Warehouse – 20 New Projects

Food and Beverage Project Scope/Activity

New Construction – 35 New Projects

Expansion – 20 New Projects

Renovations/Equipment Upgrades – 45 New Projects

Plant Closing – 2 New Projects

Food and Beverage Project Location (Top 10 States)

Florida – 7

Pennsylvania – 7

California – 5

Michigan – 5

Ontario – 5

Virginia – 5

Kentucky – 4

South Carolina – 4

Wisconsin – 4

Ohio – 3

Opportunities – By Equipment Need

Air Emissions Control Equipment – 66

Compressed Air Systems – 82

Control Systems and Instrumentation – 66

Conveyors – 76

Floor Coatings – 48

Material Handling/Storage Equipment – 88

Mechanical Construction – 76

Packaging Equipment – 61

Process Equipment – 59

Tanks/Vessels – 35

Largest Planned Project

During the month of January, our research team identified 7 new Food and Beverage facility construction projects with an estimated value of $100 million or more.

The largest project is owned by SK Food Group, who is planning to invest $205 million for the construction of a 525,000 sf processing facility in CLEVELAND, TN. They are currently seeking approval for the project. Construction is expected to start in late 2023, with completion slated for 2025.

Top 10 Tracked Food and Beverage Projects

MISSOURI:

Company Name: West Liberty Foods LLC

Food processing company is planning to invest $200 million for the construction of a 327,000 sf processing facility in KANSAS CITY, MO. They are currently seeking approval for the project.

Anticipated Investment: $200,000,000

Reason Behind Expansion: Establish a new processing facility

Tax Incentives: Undisclosed

Project Contacts:

Brandon Achen – President and CEO

Ed Claussen – Dir. Engineering and Maintenance

Chad Schnepper – Operations Mgr.

Equipment OppAlerts:

LOUISIANA:

Company Name: Niagara Bottling LLC

Beverage company is planning to invest $160 million for the construction of a 500,000 sf processing facility in HAMMOND, LA. They have recently received approval for the project. Construction is expected to start in Spring 2023.

Anticipated Investment: $160,000,000

Reason Behind Expansion: Establish a new processing facility

Tax Incentives: $750,000

Project Contacts:

Bill Hall – EVP, Manufacturing and Engineering

Bhaskar Tatke – VP, Supply Chain Planning

Todd Uhlick – VP, Expansion and Real Estate

Equipment OppAlerts:

IOWA:

Company Name: Upper Iowa Beef

Meat processing company is planning to invest $48 million for the expansion and equipment upgrades on their processing facility in LIME SPRINGS, IA. They have recently received approval for the project.

Anticipated Investment: $48,000,000

Reason Behind Expansion: Modernize equipment and expansion of their processing facility

Tax Incentives: Undisclosed

Project Contacts:

Ed Greiman – General Mgr.

Dan Reynolds – Plant Mgr.

Michelle Ruggeberg – Purchasing Lead

Equipment OppAlerts:

SOUTH CAROLINA:

Company Name: Highland Baking Company

Bakery is planning to invest $35 million for the expansion and equipment upgrades on their processing facility in SPARTANBURG, SC. They have recently received approval for the project. Completion is slated for late 2023.

Anticipated Investment: $35,000,000

Reason Behind Expansion: Modernize equipment and expansion of their processing facility

Tax Incentives: Undisclosed

Project Contacts:

Ronnie Williams – Dir. Engineering

Ricky Lewis – Production Mgr.

Jimmy White – Asst. Maintenance Mgr.

Equipment OppAlerts:

SOUTH DAKOTA:

Company Name: CHS Inc.

Agribusiness company is planning for the construction of a 1.1 million sf grain house and shuttle complex in SIOUX FALLS, SD. They are currently seeking approval for the project. Construction is expected to start in Spring 2023.

Anticipated Investment: Undisclosed

Reason Behind Expansion: Establish a new processing facility

Tax Incentives: Undisclosed

Project Contacts:

Kevin Hall – VP, Supply Chain and Continuous Improvement Agriculture

Scott Pearson – Dir. Operations, EHS, and Energy Equipment

Roger Tschida – Dir. Real Estate

Equipment OppAlerts:

MONTANA:

Company Name: Montana Specialty Mills LLC

Oilseed mill is planning to invest $15 million for the expansion and equipment upgrades on their processing facility in GREAT FALLS, MT. They are currently seeking approval for the project. Completion is slated for early 2024.

Anticipated Investment: $15,000,000

Reason Behind Expansion: Modernize equipment and expansion of their processing facility

Tax Incentives: Undisclosed

Project Contacts:

Dave Loboy – President

Todd Toney – Plant Mgr.

Christopher Knight – Dir. Operations

Equipment OppAlerts:

FLORIDA:

Company Name: IMG Citrus

Citrus grower is planning for the renovation and equipment upgrades on a recently acquired 185,000 sf processing, warehouse, and cold storage facility in VERO BEACH, FL.

Anticipated Investment: Undisclosed

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

Tax Incentives: Undisclosed

Project Contacts:

Melanie Ressler – Co-CEO

Timothee Sallin – Co-CEO

Chloe Gentry – Co-CEO

Equipment OppAlerts:

CALIFORNIA:

Company Name: Costco Wholesale Corporation

Global food and retail chain is planning for the construction of a 161,000 sf warehouse at 3881 E. Commerce Way in SACRAMENTO, CA. They are currently seeking approval for the project.

Anticipated Investment: Undisclosed

Reason Behind Expansion: Establish a new warehouse facility

Tax Incentives: Undisclosed

Project Contacts:

Mark Mattis – VP Supply Chain

Tim Anderson – AVP Construction

Seth Katz – AVP Real Estate

Equipment OppAlerts:

OHIO:

Company Name: International Food Solutions

Frozen food processing company is planning to invest $9.6 million for the renovation and equipment upgrades on a recently acquired 29,000 sf processing facility in CLEVELAND, OH.

Anticipated Investment: $9,600,000

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

Tax Incentives: Undisclosed

Project Contacts:

Lincoln Yee – Co-President

Allan Lam – Co-President

Aahtyn Hilger – VP Operations

Equipment OppAlerts:

CALIFORNIA:

Company Name: Marquez Brothers International, Inc.

Cheese mfr. is planning for a 55,000 sf expansion, renovation, and equipment upgrades on their processing facility in HANFORD, CA. They are currently seeking approval for the project. Construction will occur in 4 phases.

Anticipated Investment: Undisclosed

Reason Behind Expansion: Modernize equipment, expansion, and renovation of their processing facility

Tax Incentives: Undisclosed

Project Contacts:

Victor Flores – EHS Dir.

Jason Firkus – Project and Infrastructure Manager

Mike Quezada – Production Mgr.

Equipment OppAlerts:

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. 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. Visit us at salesleadsinc.com.

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

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