Maple Leaf Foods subsidiary Greenleaf Foods, SPC, is increasing its tempeh production capacity through the acquisition and planned build-out of a food processing plant in Indianapolis, Indiana. The acquisition of the 118,000-square-foot plant is expected to close in early April, after which Greenleaf will install tempeh production equipment with the initial capacity of approximately 4.5 million kilograms. Initial production at the plant is expected to begin in the first half of 2022.
"Maple Leaf Foods has been purposeful in executing a multi-tiered strategy focused on capital efficiency. To date, we have found ways to leverage the capacity of our existing plant protein manufacturing assets, while successfully utilizing footprint in the rest of our network," said Michael McCain, president and CEO, in a statement. "At this juncture, given the high demand for our tempeh products, this Project offers us the ability to deliver incremental capacity in a cost-effective, timely manner in a location that has synergies with our long-term vision."
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Image: Maple Leaf Foods/Greenleaf Foods