Maple Leaf Foods’ wholly owned subsidiary Greenleaf Foods will be increasing its tempeh production capacity by buying and building out a 118,000-sq-ft Indianapolis, Ind. food processing plant at a cost of approximately $100 million. The acquisition is expected to close in early April, after which tempeh production equipment with an initial capacity of approximately 4.5 million kilograms will be installed. Production at the plant is projected to begin in the first half of next year. When fully operational, the facility is expected to employ about 115 people.
Maple Leaf Foods Expanding Plant Protein Capacity
The move promotes the company’s strategy to support its high-growth plant protein business through the effective deployment of capital.
Jan 11th, 2021
Companies in this article