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76 New Food and Beverage Industry Planned Projects as Growth Remains Steady for May 2023

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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:

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:

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:

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:

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:

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:

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:

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:

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:

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:

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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