Capital Spending Report: Top Projects
We've compiled a list of 47 projects that 33 of the largest publicly traded food & beverage companies are spending their money on in 2023.
Size in thousands of square feet; Cost in millions of U.S. dollars; N/A = information not available or not applicable
| COMPANY | LOCATION | PRODUCTS | PROJECT TYPE | SIZE | COST | SCHEDULED COMPLETION |
|---|---|---|---|---|---|---|
| J.M. Smucker | McCalla, Ala. | Sandwiches | New | N/A | $1,100 | 2025 |
| American Foods Group | Warren County, Mo. | Beef | New | 775 | 800 | 2024 |
| Nestlé | Glendale, Ariz. | Coffee creamers | New | 630 | 675 | 2024 |
| Darigold | Pasco, Wash. | Milk | New | N/A | 600 | Early 2024 |
| Cattlemen's Heritage Beef | Mills County, Iowa | Beef | New | N/A | 520 | Groundbreaking 2023 |
| McCain Foods | Coaldale, Alberta | French fries, frozen potato products | Expansion | N/A | 437 | N/A |
| Lamb-Weston | American Falls, Idaho | French fries | Expansion | N/A | 415 | 2023 |
| Beam Suntory | Boston, Ky. | Spirits | Environmental | N/A | 400 | 2024 |
| Tyson Foods | Bowling Green, Ky. | Bacon | New | 400 | 355 | Late 2023 |
| Sustainable Beef | North Platte, Neb. | Beef | New | 500 | 325 | Late 2024 |
| G&S Foods | Hanover, Pa. | Snacks | New | 348 | N/A | Mid-2024 |
| Tyson Foods | Danville, Va. | Chicken | New | 325 | 300 | Spring 2023 |
| Mars Petcare | Fort Smith, Ark. | Pet food | Expansion | N/A | 262 | 2023 |
| PepsiCo | Tucker, Ga. | Soft drinks | Expansion | 260 | 260 | 2025 |
| Diamond Pet Foods | Rushville, Ind. | Pet food | New | 700 | 259 | 2024 |
| Hill’s Pet Nutrition | Tonganoxie, Kansas | Pet food | New | N/A | 250 | 2023 |
| PepsiCo | Killingly, Conn. | Snacks | Expansion | N/A | 235 | Second quarter 2024 |
| Koch Foods | Fairfield, Ohio | Chicken | Expansion | 402 | 220 | 2 add'l lines 2023 |
| Ya YA Foods | Fort Worth, Texas | Oatly oat milk | New | 280 | N/A | 2023 |
| Ferrero North America | Bloomington, Ill. | Chocolate bars | Expansion | 169 | 214 | 2024 |
| Freshpet | Ennis, Texas | Pet foods | Expansion | 200 | N/A | Mid-2024 |
| Frito-Lay | Rosenberg, Texas | Snacks | Expansion | N/A | 200 | 2023 |
| Tyson Foods | Amarillo, Texas | Beef | Expansion/Renovation | 143 | 200 | 2024 |
| Mars Petcare | North Sioux City, S.D. | Pet food | Expansion | N/A | 185 | Early 2023 |
| Tyson Foods | Caseyville, Ill. | Snacks/Breakfast items | Expansion | 170 | 180 | Summer 2023 |
| House Foods America | Jefferson County, Ky. | Tofu | New | N/A | 146 | 2025 |
| Dreyer’s Grand Ice Cream | Fort Wayne, Ind. | Ice cream | Expansion | N/A | 145 | Oct. 2023 |
| Hostess Brands | Arkadelphia, Ark. | Baked goods | Renovation | 330 | 140 | Second half 2023 |
| Simmons Pet Food | Emporia and Edgerton, Kan. | Pet foods | Expansion | N/A | 132 | 2023 |
| Milo's Tea Co. | Moore, S.C. | Refrigerated beverages | New | 110 | 130 | Fall 2024 |
| Believer Meats | Wilson County, N.C. | Cultivated meat | New | 200 | 123 | Late 2023 |
| Rich Products | Brownsville, Texas | Frozen seafood | Expansion | 159 | 117 | March 2025 |
| Post Holdings | Sparks, Nev. | Cereal | Expansion | N/A | 100 | Late 2024-2025 |
| Ken’s Foods | Henry County, Ga. | Dressings, sauces | Expansion | N/A | 103 | N/A |
| General Mills | Wellston, Ohio | Frozen pizza rolls | Expansion | N/A | 100 | N/A |
| Nestlé | Gaffney, S.C. | Frozen foods | Expansion | N/A | 100 | N/A |
| Nestle Purina | Jefferson, Mo. | Pet foods | Expansion | 25 | 100 | N/A |
| Post Holdings | West Jefferson, Ohio | Protein drinks | New | 215 | 86 | Early 2023 |
| Request Foods | Holland, Mich. | Frozen foods | Expansion | N/A | 81 | N/A |
| Riviana Foods | Memphis, Tenn. | Rice | Expansion/Reno | 85 | 81 | First quarter 2024 |
| Scoular | Seward, Neb. | Pet food | Expansion | 70 | 75 | Early 2023 |
| Ferrero North America | Bloomington, Ill. | Chocolate | Expansion | 70 | 75 | Spring 2023 |
| Pilgrim’s Pride | Carnesville, Ga. | Pet food ingredients | New | N/A | 70 | N/A |
| Tyson Foods | Seguin, Texas | Chicken | Expansion | 40 | 58 | N/A |
| Carnivore Meat Co. | Green Bay, Wis. | Pet food | New | 235 | 55 | End of 2023 |
| Tillamook County Creamery | Decatur, Ill. | Ice cream | Renovation | N/A | 50 | Late 2024 |
| Welch Foods | Van Buren County, Mich. | Single-serve beverages | Expansion | N/A | 26.2 | N/A |
| Hill’s Pet Nutrition | Richmond, Ind. | Pet food | Expansion | N/A | 17 | 2023 |