September 13, 2023
In the month of August, there were 77 new facility expansions, new plant construction, and significant equipment modernization projects in the North American food and beverage industry.
Of those, 46 were processing facilities and 35 were new projects, research by IMI SalesLeads shows.
New Construction – 28 New Projects
Expansion – 15 New Projects
Renovations/Equipment Upgrades – 36 New Projects
Plant Closing – 4 New Projects
Project Location (Top 10 States)
New York – 8
Florida – 6
Michigan – 5
California – 4
Indiana – 4
Connecticut – 3
Georgia – 3
Iowa – 3
Missouri – 3
North Carolina – 3
During the month of August, 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 DrinkPAK, who is planning to invest $452 million for the construction of 2 processing and distribution facilities in Fort Worth, TX. The company is currently seeking approval for the project.
Here are the top 10 food and beverage projects:
Campbell Soup Co. is planning to invest $160 million for the expansion and equipment upgrades on the company’s processing and warehouse facility in Richmond. Completion is slated for late 2024.
Winkler Meats is planning to invest $53 million for the expansion and equipment upgrades on their processing facility in Winkler. They are currently seeking approval for the project.
Sam’s Club is planning to invest $40 million for the renovation and equipment upgrades on a 300,000-sq. ft distribution center in Oklahoma City. Completion is slated for early 2024.
Grocery retailer Chedraui is planning for the renovation and equipment upgrades on a recently leased 1.4 million sf distribution and office facility in Rancho Cucamonga. It will relocate operations upon completion in summer 2024.
Target is planning for the construction of a 530,000-sq.-ft distribution center in Windsor. The retail and grocery chain is currently seeking approval for the project.
A to Z Drying, a custom spray drying, blending, and packaging service provider, is planning to invest $23 million for the expansion and equipment upgrades of its warehouse in Osage. The project has recently been approved.
Breadsource Corp. is planning to invest $18 million for construction of a 105,000-sq.-ft processing and warehouse facility in Scarborough. The bakery company has recently received approval for the project.
Foodservice distributor and restaurant chain is planning for the renovation and equipment upgrades on a 100,000-sq.-ft warehouse and office facility in Buford. It is currently seeking approval for the project. HQ operations will be relocated upon completion in spring 2024.
Enfield Farms is planning for the expansion of their processing and warehouse facilities in Lynden by 65,000 sq. ft. Approval for the project has been received.
A supplement manufacturer is planning to invest $9 million for the renovation of its warehouse and office facility in Fenton. The company is currently seeking approval for the project.
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