A $310 million investment will create North America’s largest plant-based food facility in Shelbyville, Indiana.
The planned facility is slated to become operational in late 2020 and could create more than 400 jobs.
Greenleaf Foods, SPC, a subsidiary of Canada-based Maple Leaf Foods Inc., will construct and equip a 230,000-square-foot facility on 57 acres in Shelbyville, some 30 miles southeast of Indianapolis.
The facility will more than double the company’s production capacity to meet what it calls surging consumer demand for its portfolio of brands, including, the top two brands in the refrigerated alternative protein category.
Fresh refrigerated products represent approximately 24 percent of the total market and delivered 40 percent sales growth in 2018.
While burgers are fueling category growth, all refrigerated products are forecasted to deliver double-digit growth for the next 20 years.
Dan Curtin, president of Greenleaf Foods, says the new facility “will be a center of plant-based protein excellence.”
The Indiana Economic Development Corporation offered Greenleaf Foods, SPC up to $5 million in performance-based, conditional tax credits and up to $1 million in training grants based on the company’s job creation plans.