Food and Beverage Industry Cools Off with 65 Planned Projects in July 2024

Industrial SalesLeads announced today the July 2024 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 65 new projects in the Food and Beverage sector, compared to 71 in June and 57 in May.

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

Food and Beverage Project Type

          Processing Facilities - 40 New Projects

          Distribution and Industrial Warehouse - 30 New Projects

Food and Beverage Project Scope/Activity

          New Construction - 28 New Projects

          Expansion - 13 New Projects

          Renovations/Equipment Upgrades - 21 New Projects

          Plant Closing - 8 New Projects

Food and Beverage Project Location (Top 10 States)

          Texas - 6

          New York - 5

          Illinois - 4

          Pennsylvania - 4

          California - 3

          Georgia - 3

          Indiana - 3

          Missouri - 3

          Virginia - 3

          Colorado - 2

Largest Planned Project

During the month of July, 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 Producer Owned Beef, who is investing $670 million for the construction of a 750,000 sf processing complex on Jackrabbit Rd. in AMARILLO, TX. Completion is slated for late 2026.

Top 10 Tracked Food and Beverage Projects

INDIANA:

Egg processing company is planning to invest $350 million for the construction of a processing facility in SEYMOUR, IN. They are currently seeking approval for the project. Completion is slated for 2027.

TEXAS: 

Food service distributor is planning to invest $42 million for the construction of a distribution facility on Ronald W. Reagan Blvd. in JARRELL, TX. They are currently seeking approval for the project.

OREGON:

Meat product mfr. is planning for the expansion of their processing, warehouse, and office facility at 4115 24th Ave. in FOREST GROVE, OR. Construction will occur in multiple phases. They are currently seeking approval for the project.

ILLINOIS:

Snack food mfr. is planning for the construction of a 227,000 sf warehouse, office, and vehicle storage facility on Palm Rd. in SPRINGFIELD, IL. They are currently seeking approval for the project.

NEW JERSEY: 

Food and beverage distributor is planning for the renovation and equipment upgrades on a recently acquired 105,000 sf warehouse at 210 W. Commercial Ave. in MOONACHIE, NJ. They are currently seeking approval for the project.

ONTARIO:

Cheese mfr. is planning to repurpose a processing facility to be used as a cold storage facility in TEMISKAMING SHORES, ON. They are also considering the construction of a 70,000 sf processing facility and currently seeking a site in the TEMISKAMING SHORES, ON or NEW LISKEARD, ON area. Watch SalesLeads for updates.

NEBRASKA:

Produce company is planning to invest $11 million for the expansion of their processing and warehouse facility in ALLIANCE, NE. They have recently received approval for the project.

CALIFORNIA:

Specialty food ingredient mfr. is planning for the construction of a 66,000 sf warehouse, processing, and office facility in SIMI VALLEY, CA. They are currently seeking approval for the project.

ILLINOIS: 

Fresh produce company is planning for the renovation and equipment upgrades on a recently leased 56,000 sf processing, warehouse, and office facility at 3600 Lacey Rd. in DOWNERS GROVE, IL.

KANSAS: 

Meat processing company is planning for the construction of a processing facility in FALL RIVER, KS. They are currently seeking approval for the project.

About Industrial SalesLeads, Inc.

Since 1959, Industrial 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.

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