Food and Beverage Industry News and Planned Industrial Project Reports - February 2020 Recap

Research by SalesLeads’ experienced industrial market research team, shows 79 new planned Food and Beverage industry projects tracked during the month of February. 

Planned industrial project activity within the sector decreased by 13% from the previous month. 

The following are selected highlights on new Food and Beverage industry construction news. 

Food and Beverage Project Type

            Processing Facilities - 60 New Projects

            Distribution and Industrial Warehouse - 22 New Projects

Food and Beverage Project Scope/Activity

            New Construction - 30 New Projects

            Expansion - 17 New Projects

            Renovations/Equipment Upgrades - 34 New Projects

            Plant Closing - 6 New Projects

Food and Beverage Project Location(Top 10 States)

            Pennsylvania - 6

            Florida - 6

            New York - 6

            California - 6

            Texas - 4

            Vermont - 4

            Ohio - 3

            Virginia - 3

            Kentucky - 3

            South Carolina - 3             

Largest Planned Project

During the month of February, our research team identified 4 new Food and Beverage facility construction projects with an estimated value of $100 million or more. 

The largest project is owned by Atlantic Sapphire, who is investing $340 million and has recently started the expansion of their processing facility in MIAMI, FL by 1 million sf. Construction will occur in phases, with completion of the first phase slated for Fall 2020. 

Top 10 Tracked Food and Beverage Projects

 IOWA:

Pet food mfr. is planning to invest $140 million for an expansion and equipment upgrades on their processing facility in CLINTON, IA. They have recently received approval for the project.

TENNESSEE:

Diversified food products mfr. is planning to invest $106 million for a 65,000 sf expansion and equipment upgrades on their processing facility in JACKSON, TN. They have recently received approval for the project.

ILLINOIS:

Candy and confectionery mfr. is planning to invest $100 million for the construction of a 2 million sf distribution complex in DEKALB, IL. They expect to be operational in Spring 2021.

INDIANA:

Beverage company is planning to invest $37 million for an expansion and equipment upgrades of their processing facility on Logistics Ave. in JEFFERSONVILLE, IN. They have recently received approval for the project.

KENTUCKY:

Distillery is planning to invest $30 million for the construction of five warehouses in LEBANON, KY. They have recently received approval for the project.

MISSOURI:

Packaged meat products mfr. is planning to invest $68 million for the construction of a processing facility in MOBERLY, MO.

NORTH CAROLINA:

Beverage distributor is planning for the construction of a 228,000 sf warehouse and distribution facility at 4435 Beam Rd. in CHARLOTTE, NC. They have recently received approval for the project. They will relocate operations upon completion in early 2021.

NEW YORK:

Dairy products mfr. is planning to invest $26 million for the renovation and equipment upgrades of their 33,000 sf processing facility in ELMA, NY. They are currently seeking approval for the project. Renovations are expected to start in Summer 2020, with completion slated for Dec. 2021.

OKLAHOMA:

Meat processing company is planning to invest $100 million for the expansion and equipment upgrades of their processing facility in GUYMON, OK. They have recently received approval for the project.

SOUTH CAROLINA:

Beverage company is investing $70 million for the construction of a 502,000 sf processing facility in FLORENCE, SC. Completion is slated for early 2021.

Since 1959, SalesLeads, based out of Jacksonville, FL has been providing Industrial Project Reports on companies that are planning significant capital investments in their industrial facilities throughout North America. Our professional research team identifies new construction, expansion, relocation, major renovation, equipment upgrades, and plant closing project opportunities so that our clients can focus sales and marketing resources on the target accounts that have an impending need for their products, services, and indirect materials.

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
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• Chemical
• Research and Development
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