After a Brief Dip, Food & Beverage Planned Projects Increases to 78 in November 2022

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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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