Industrial and commercial market intelligence firm SalesLeads’ released its latest monthly report covering planned food & beverage construction projects, showing a major rebound during November.
SalesLeads tracked 86 such projects in North America during November, up 20 from October. It snapped a streak of three-straight months of deceleration and was the second-highest figure of the year to January’s 89 and SalesLeads said November's activity was up 23 percent from October.
Despite the considerable month-to-month gain, November’s figure was still down 11 percent year-over-year.
SalesLeads
The firm’s November recap is broken down as follows:
- 69 projects were for processing facilities (59 in October, 47 in September, 55 in August)
- 34 were for distribution and industrial warehouse (17 in October, 30 in September, 33 in August
- 30 were new construction projects (28 in October, 17 in September, 29 in August)
- 35 were expansion projects (16 in October, 23 in September, 24 in August)
- 32 projects entailed renovations and equipment upgrades (30 in October, 31 in September, 32 in August)
- One project was a plant closure (0 in October, 1 in September, 0 in August)
- Ontario led all US states and Canadian provinces with six November projects; followed by Maine and Texas with five apiece; Florida, Missouri, Illinois and Indiana each with four; and California, Georgia and North Carolina each with three.
During November, SalesLeads identified three new food & beverage facility construction projects with an estimated value of at least $100 million — compared to four in October. The largest November project is by Mark Anthony Brewing in the form of a $400 investment to construct a 1 million-square-foot production and distribution facility in Columbia, SC. Completion is set for summer 2021.
The other largest food & beverage facility. construction projects SalesLeads identified in November included:
- Frito Lay North America, which plans to invest $100 million to the expansion and equipment upgrades at its warehouse and processing facility in Pulaski, TN. Construction is expected to start in early 2021, with completion slated for early 2022.
- Conagra Brands plans to invest $84 million to expand its warehouse and processing facility in Russellville, AR. Construction is expected to start by the end of December, with completion set for 2022.
- Nutritional food products maker Santa Cruz Nutritionals plans to invest $84 million for a 144,000-square-foot expansion of their warehouse and processing facility in Sumter, SC. It has recently received approval, with completion set for late 2024.
- Chick-Fil-A plans to invest $52 million to build a 182,000-square-foot distribution center in Mebane, NC. Construction is expected to begin in early 2021, with completion set for spring 2022.
- Specialty food products maker Sunopta plans to invest $26 million to expand its processing facility in Alexandria, MN. It is currently seeking approval.
- Kraft Heinz plans to invest $17 million for the renovation and equipment upgrades of their processing facility in Montreal, Quebec. It has recently received approval, with completion set for summer 2021.
- Distillery Balmaghie Beveraage Group plans to invest $15 million to build a 30,000-square-foot warehouse and production facility in Liberty Township, PA. It is currently seeking approval.
- Bakery products maker Hearthside Food Solutions plans to invest $14 million for the expansion and equipment upgrades of its processing facility in Michigan City, TN. It has recently received approval.
- Badia Spices is planning for the renovation and equipment upgrades on its recently-acquired 313,000-square-foot distribution center in Sweetwater, FL. The investment amount is unknown.
- Louisville Vegan Jerky is planning for the renovation and equipment upgrades on a 17,000-square-foot warehouse and processing facility in Louisville, KY. It is currently seeking approval, and the company plans to consolidate operations upon completion. The investment amount is unknown.
