IMI SalesLeads announced today the May 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 76 new projects in the Food and Beverage sector as compared to 74 in April 2023.
The following are selected highlights on new Food and Beverage industry construction news.
Food and Beverage Project Type
Processing Facilities – 49 New Projects
Distribution and Industrial Warehouse – 28 New Projects
Food and Beverage Project Scope/Activity
New Construction – 29 New Projects
Expansion – 26 New Projects
Renovations/Equipment Upgrades – 23 New Projects
Plant Closing – 2 New Projects
Food and Beverage Project Location (Top 10 States)
California – 8
Wisconsin – 6
New York – 4
Ohio – 4
Virginia – 4
Kentucky – 3
Pennsylvania – 3
Alabama – 2
Connecticut – 2
Illinois – 2
Opportunities – By Equipment Need
Air Emissions Control Equipment – 51
Compressed Air Systems – 74
Control Systems and Instrumentation – 54
Conveyors – 69
Floor Coatings – 51
Material Handling/Storage Equipment – 73
Mechanical Construction – 68
Packaging Equipment – 48
Process Equipment – 44
Tanks/Vessels – 31
Largest Planned Project
During the month of May, 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 The Coca-Cola Company, who is planning to invest $650 million for the construction of a 745,000 sf processing facility on Tebor Rd. in WEBSTER, NY. Construction is expected to start in Fall 2023, with completion slated for late 2025.
Top 10 Tracked Food and Beverage Projects
ALBERTA:
Company Name: PIP International Inc.
Specialty food ingredient mfr. is planning to invest $150 million for the construction of a processing facility in LETHBRIDGE, AB. They are currently seeking approval for the project.
Anticipated Investment: $150,000,000
Reason Behind Expansion: Establish a new processing facility
Tax Incentives: Undisclosed
Project Contacts:
Lee Johnson – Dir. Operations
Marco Tremblay – Dir. IT and Network
Robert Fiorino – Director, Controls and Automation
Equipment OppAlerts:
- Air Emissions Control Equipment
- Building Construction
- Compressed Air Systems
- Control Systems and Instrumentation
- Conveyors
- Cranes and Hoists
- Fire Protection Equipment
- Floor Coatings
- Heat Exchangers
- HVAC Equipment
- Lift Trucks
- Lighting
- Loading Dock Equipment
- Material Handling/Storage Equipment
- Mechanical Construction
- Networking/Security Equipment
- Packaging Equipment
- Process Equipment
- Tank/Vessels – All
- Tanks/Vessels – Stainless
MISSISSIPPI:
Company Name: Clark Beverage Group Inc.
Beverage distributor is planning to invest $100 million for the construction of a 400,000 sf distribution facility in MADISON, MS. They have recently received approval for the project. They will relocate their regional operations upon completion in early 2025.
Anticipated Investment: $100,000,000
Reason Behind Expansion: Establish a new distribution facility
Tax Incentives: Undisclosed
Project Contacts:
Lucas Mohon – VP, Operations
Roy Howard – VP, Information System
Chad Minor – Dir. of Distribution
Equipment OppAlerts:
- Compressed Air Systems
- Control Systems and Instrumentation
- Conveyors
- Cranes and Hoists
- Equipment Relocation
- Fire Protection Equipment
- Floor Coatings
- HVAC Equipment
- Lift Trucks
- Lighting
- Loading Dock Equipment
- Material Handling/Storage Equipment
- Mechanical Construction
- Networking/Security Equipment
NORTH CAROLINA:
Company Name: Select Genetics
Poultry company is planning to invest $58 million for the construction of a 100,000 sf hatchery in GOLDSBORO, NC. They have recently received approval for the project. They will consolidate their operations upon completion.
Anticipated Investment: $58,000,000
Reason Behind Expansion: Establish a new hatchery
Tax Incentives: $75,000
Project Contacts:
Kevin Lynch – COO
Dan Tait – Global Safety Mgr.
Matt Baumgartner – Supply Chain Analyst
Equipment OppAlerts:
- Air Emissions Control Equipment
- Compressed Air Systems
- Control Systems and Instrumentation
- Conveyors
- Cranes and Hoists
- Equipment Relocation
- Fire Protection Equipment
- Floor Coatings
- Heat Exchangers
- HVAC Equipment
- Lift Trucks
- Lighting
- Loading Dock Equipment
- Material Handling/Storage Equipment
- Mechanical Construction
- Networking/Security Equipment
- Packaging Equipment
- Process Equipment
- Tank/Vessels – All
- Tanks/Vessels – Stainless
WISCONSIN:
Company Name: Chr. Hansen Inc.
Natural ingredients mfr. is planning to invest $40 million for an 81,000 sf expansion of their laboratory and storage facility in WEST ALLIS, WI. They are currently seeking approval for the project. Completion is slated for Summer 2024.
Anticipated Investment: $40,000,000
Reason Behind Expansion: Expansion of their laboratory and storage facility
Tax Incentives: Undisclosed
Project Contacts:
Mike McNello – VP, Global Operations
Kelly Shanovich – Dir. Supply Chain
Doug Mauhar – Facilities Mgr.
Equipment OppAlerts:
- Building Construction
- Compressed Air Systems
- Control Systems and Instrumentation
- Fire Protection Equipment
- Floor Coatings
- Heat Exchangers
- HVAC Equipment
- Lighting
- Mechanical Construction
- Networking/Security Equipment
NEW YORK:
Company Name: Lactalis American Group, Inc.
Cheese mfr. is planning to invest $32 million for an 11,000 sf expansion of their processing and warehouse facility at 2415 South Park Ave. in BUFFALO, NY. They are currently seeking approval for the project.
Anticipated Investment: $32,000,000
Reason Behind Expansion: Expansion of their processing and warehouse facility
Tax Incentives: Undisclosed
Project Contacts:
Sri Adapa – VP Supply Chain
Jacob Bush – Dir. Infrastructure and Operations
William Senay – Plant Director
Equipment OppAlerts:
- Air Emissions Control Equipment
- Building Construction
- Compressed Air Systems
- Control Systems and Instrumentation
- Conveyors
- Cranes and Hoists
- Fire Protection Equipment
- Floor Coatings
- Heat Exchangers
- HVAC Equipment
- Lift Trucks
- Lighting
- Loading Dock Equipment
- Material Handling/Storage Equipment
- Mechanical Construction
- Networking/Security Equipment
- Packaging Equipment
- Process Equipment
- Tank/Vessels – All
- Tanks/Vessels – Stainless
WEST VIRGINIA:
Company Name: Aquabanq Inc.
Seafood company is planning to invest $30 million for the construction of a processing facility in CAPON BRIDGE, WV. They are currently seeking approval for the project.
Anticipated Investment: $30,000,000
Reason Behind Expansion: Establish a new processing facility
Tax Incentives: Undisclosed
Project Contacts:
AJ Shapiro – CEO
Equipment OppAlerts:
- Air Emissions Control Equipment
- Building Construction
- Compressed Air Systems
- Control Systems and Instrumentation
- Conveyors
- Cranes and Hoists
- Fire Protection Equipment
- Floor Coatings
- Heat Exchangers
- HVAC Equipment
- Lift Trucks
- Lighting
- Loading Dock Equipment
- Material Handling/Storage Equipment
- Mechanical Construction
- Networking/Security Equipment
- Packaging Equipment
- Process Equipment
- Tank/Vessels – All
- Tanks/Vessels – Stainless
SOUTH CAROLINA:
Company Name: South Atlantic Canners, Inc.
Beverage company is planning to invest $29 million for the expansion of their processing facility at 601 Cousar St. in BISHOPVILLE, SC. They are currently seeking approval for the project. Completion is slated for late 2027.
Anticipated Investment: $29,000,000
Reason Behind Expansion: Expansion of their processing facility
Tax Incentives: Undisclosed
Project Contacts:
Troy Santoscoy – Plant Dir.
Equipment OppAlerts:
- Air Emissions Control Equipment
- Building Construction
- Compressed Air Systems
- Control Systems and Instrumentation
- Conveyors
- Cranes and Hoists
- Fire Protection Equipment
- Floor Coatings
- Heat Exchangers
- HVAC Equipment
- Lift Trucks
- Lighting
- Loading Dock Equipment
- Material Handling/Storage Equipment
- Mechanical Construction
- Networking/Security Equipment
- Packaging Equipment
- Process Equipment
- Tank/Vessels – All
- Tanks/Vessels – Stainless
TEXAS:
Company Name: Costco Wholesale Corporation
Global retail chain is planning to invest $18 million for the construction of a 160,000 sf warehouse in PROSPER, TX. Construction is expected to start in early 2024, with completion slated for Fall 2024.
Anticipated Investment: $18,000,000
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:
- Building Construction
- Compressed Air Systems
- Conveyors
- Cranes and Hoists
- Fire Protection Equipment
- Floor Coatings
- HVAC Equipment
- Lift Trucks
- Lighting
- Loading Dock Equipment
- Material Handling/Storage Equipment
- Mechanical Construction
- Networking/Security Equipment
VIRGINIA:
Company Name: Farmer Focus
Poultry processing company is planning to invest $18 million for the expansion of their processing facility on Acorn Dr. in HARRISONBURG, VA. They are currently seeking approval for the project. Completion is slated for Spring 2024.
Anticipated Investment: $18,000,000
Reason Behind Expansion: Expansion of their processing facility
Tax Incentives: $3,600,000
Project Contacts:
Jamie Young – VP, Operations
Richard Baughman – VP, Technology
Curtis Shreve – VP Environmental, Health, and Safety
Equipment OppAlerts:
- Air Emissions Control Equipment
- Building Construction
- Compressed Air Systems
- Control Systems and Instrumentation
- Conveyors
- Cranes and Hoists
- Fire Protection Equipment
- Floor Coatings
- Heat Exchangers
- HVAC Equipment
- Lift Trucks
- Lighting
- Loading Dock Equipment
- Material Handling/Storage Equipment
- Mechanical Construction
- Networking/Security Equipment
- Packaging Equipment
- Process Equipment
- Tank/Vessels – All
- Tanks/Vessels – Stainless
ILLINOIS:
Company Name: General Mills Inc.
Food product mfr. is planning for a 114,000 sf expansion of their processing and warehouse facility in GENEVA, IL. They are currently seeking approval for the project. Completion is slated for 2024.
Anticipated Investment: Undisclosed
Reason Behind Expansion: Expansion of their processing and warehouse facility
Tax Incentives: Undisclosed
Project Contacts:
Manish Shukla – VP, Supply Chain Strategy, Capabilities, and Transformation
Jenny Wright – Sr. Dir., Engineering, Capital Planning, and Execution
Jordan Weigelt – Sr. Mgr. Global Real Estate
Equipment OppAlerts:
- Air Emissions Control Equipment
- Building Construction
- Compressed Air Systems
- Control Systems and Instrumentation
- Conveyors
- Cranes and Hoists
- Fire Protection Equipment
- Floor Coatings
- Heat Exchangers
- HVAC Equipment
- Lift Trucks
- Lighting
- Loading Dock Equipment
- Material Handling/Storage Equipment
- Mechanical Construction
- Networking/Security Equipment
- Packaging Equipment
- Process Equipment
- Tank/Vessels – All
- Tanks/Vessels – Stainless
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:
- Industrial Manufacturing
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- Food and Beverage
- Metals
- Power Generation
- Pulp Paper and Wood
- Oil and Gas
- Mining and Aggregates
- Chemical
- Research and Development
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