69 New Food & Beverage Projects Identified in December 2024, Including, 5 Valued Over $100M

Industrial SalesLeads published the December 2024 results for its new planned capital project spending report, focusing on the Food and Beverage industry. Our research team reported that facility renovations and equipment upgrades were the most prevalent types of industrial projects, followed by new construction initiatives. The trend shows confidence in the industry's future growth prospects.

Industrial SalesLeads tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 69 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 - 41 New Projects

          Distribution and Industrial Warehouse - 34 New Projects

Food and Beverage Project Scope/Activity

          New Construction - 24 New Projects

          Expansion - 14 New Projects

          Renovations/Equipment Upgrades - 32 New Projects

          Plant Closing - 9 New Projects

Food and Beverage Project Location (Top 10 States)

          New York - 8

          Pennsylvania - 5

          New Jersey - 4

          Ohio - 4

          Ontario - 4

          California - 3

          Colorado - 3

          Indiana - 3

          Kansas - 3

          North Carolina - 3

 Largest Planned Project

During the month of December, our research team identified 5 new Food and Beverage facility construction projects with an estimated value of $100 million or more. 

The largest project is owned by Schreiber Foods, who is planning to invest $211 million for the construction of a 168,000 sf processing facility in CARTHAGE, MO. Construction is expected to start in early 2025, with completion slated for 2027.

Top 10 Tracked Food and Beverage Projects

NORTH DAKOTA:

Vegetable processing company is planning to invest $150 million for the expansion and equipment upgrades on their processing facility in JAMESTOWN, ND. They are currently seeking approval for the project. Construction is expected to start in Spring 2025.

OHIO:

Chemical company is planning to invest $130 million for the construction of a 100,000 sf processing facility at 2000 W St. in READING, OH. They are currently seeking approval for the project. Construction is expected to start in 2025. They will relocate a portion of their operations upon completion in 2027.

SOUTH CAROLINA:

Beverage company is planning to invest $100 million for the construction of a processing and warehouse facility in WEST COLUMBIA, SC. They are currently seeking approval for the project.

TENNESSEE:

Foodservice distributor is planning to invest $33 million for the expansion and equipment upgrades on their processing and warehouse facility in MORRISTOWN, TN. They are currently seeking approval for the project.

PENNSYLVANIA: 

Greenhouse farming company is planning for the construction of a 1.5 million sf growing and processing facility on Arrowhead Rd. in EAST ALLEN TWP., PA. They are currently seeking approval for the project.

DELAWARE:

Beverage company is planning for the renovation and equipment upgrades on a 359,000 sf warehouse at 4145 Philadelphia Pike in CLAYMONT, DE. They are currently seeking approval for the project.

MISSOURI:

Food and beverage retailer is planning for the renovation and equipment upgrades on a recently leased 266,000 sf distribution center in HAZELWOOD, MO. Completion is slated for late 2025.

OHIO:

Convenience store chain is planning for the renovation and equipment upgrades on a recently leased 266,000 sf distribution center in LOCKBOURNE, OH. Completion is slated for late 2025.

CALIFORNIA:

Startup winery is planning for the construction of a 62,000 sf production and storage facility at 4310 Freemont Dr. in SONOMA, CA. They are currently seeking approval for the project.

NEW YORK: 

Food and beverage company is planning for the renovation and equipment upgrades on their processing facility in LOWVILLE, NY. 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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