Industrial SalesLeads has released its January 2024 capital project spending report for the Food and Beverage sector, confirming 66 new projects across North America. Activity remained steady compared to December’s 67 projects, signaling consistent investment in the industry.
Our research team tracks planned industrial activity including new plant construction, facility expansions, equipment modernization, and plant closings. Below are highlights of food and beverage facility construction and expansion news for January.
The following are selected highlights on new Food and Beverage industry construction news.
Food and Beverage Projects by Type
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Processing Facilities: 47 new projects
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Distribution and Industrial Warehouses: 24 new projects
Food and Beverage Projects by Scope
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New Construction: 24 projects
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Expansions: 16 projects
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Renovations and Equipment Upgrades: 29 projects
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Plant Closings: 4 projects
Food and Beverage Projects by Location (Top States)
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Florida – 9
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California – 6
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New York – 6
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Michigan – 4
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Ohio – 4
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Pennsylvania – 4
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Indiana – 3
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Virginia – 3
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Wisconsin – 3
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Georgia – 2
Largest Planned Project
In January, our research team identified three food and beverage projects valued at $100 million or more. The largest is led by Nature’s Bakery, which will invest $237 million in a 339,000-square-foot processing facility in Salt Lake City, UT. The project has received approval and is scheduled for completion in summer 2025.
Top 10 Tracked Food and Beverage Projects
Ontario
A sugar producer is planning to invest $135 million to build a new processing facility in Hamilton, ON. Approvals are pending with completion slated for 2025.
California
A global retail chain is planning a 1.8 million-square-foot distribution and warehouse complex in Tracy, CA. Approvals are pending.
Nebraska
A meat processor will invest $43 million to expand its Hastings, NE processing facility by 11,000 square feet. Approvals are pending.
Arkansas
A bakery company received approval for a $37 million expansion and equipment upgrades at its processing facility on E. 3rd Street in Hope, AR.
Wisconsin
A candy manufacturer will renovate and upgrade a 447,000-square-foot distribution center in Bristol, WI, relocating part of its regional distribution operations by summer 2024.
Illinois
A distillery is seeking approval for renovations and upgrades at a 157,000-square-foot production and warehouse facility in Peoria, IL.
Georgia
An herbal supplement manufacturer is planning renovations and upgrades to 85,000 square feet of warehouse space in Buford, GA. Approvals are pending.
Michigan
A pickle products manufacturer plans to invest $10 million to expand its processing and warehouse facility in Lexington, MI. Approvals are pending.
North Carolina
A distillery is planning a $10 million, 28,000-square-foot production facility in Statesville, NC. Approvals are pending.
Florida
A snack food manufacturer is planning a 104,000-square-foot distribution center in Fort Myers, FL. Approvals are pending.
About Industrial SalesLeads
Since 1959, Industrial SalesLeads has been the leading source of industrial project intelligence and sales prospecting services across North America. Based in Jacksonville, FL, our research team provides actionable insights on companies planning new construction, expansions, relocations, equipment modernization, and plant closings.
Our Industrial Market Intelligence (IMI) platform delivers timely project reports, while our Outsourced Prospecting Services help sales teams secure more meetings and build scalable pipelines.
Industries Tracked
Each month, our Industrial SalesLeads team provides hundreds of industrial reports within a variety of industries, including:
- Industrial Manufacturing
- Plastics
- Food and Beverage
- Metals
- Power Generation
- Pulp Paper and Wood
- Oil and Gas
- Mining and Aggregates
- Chemical
- Research and Development
- Distribution and Supply Chain
- Pipelines
- Pharmaceutical
- Industrial Buildings
- Waste Water Treatment
- Data Centers
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