Maple Leaf Foods to invest $100MM to expand alt-meat capacity

By Lisa M. Keefe on 1/12/2021

Maple Leaf Foods announced that its wholly owned subsidiary, Greenleaf Foods SPC, will acquire and build out a food processing plant in Indianapolis in order to increase tempeh production capacity, the company said in a news release.

Greenleaf Foods, which makes Lightlife tempeh products as well as Field Roast brand plant-based alt-meats, expects to close on a 118,000sq.-ft. plant in Indianapolis in early April, and install tempeh production equipment with initial capacity of about 4.5 million kilograms. The acquisition is subject to typical closing conditions, including completion of due diligence.

The estimated cost of the project is about US$100 million. Initial production at the plant is targeted to begin in the first half of 2022, and when fully operational it will employ approximately 115 people. If demand for tempeh continues as expected, the plant could be doubled the capacity.

In 2019, Maple Leaf Foods announced plans to build a new plant protein facility in nearby Shelbyville, Ind., but development of that project has been delayed due to a number of factors including challenges created by the COVID-19 pandemic. By leveraging the opportunity to acquire an existing facility in Indianapolis to fast-track tempeh production, the company will be able to meet near-term demand for tempeh while allowing more time to develop its longer-term vision for Shelbyville.

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