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Foodmaker to invest $310M, create 460 jobs in Shelbyville

Economic Development | Press Release

Firm processes protein foods from plants

April 8, 2019 — SHELBYVILLE, Ind. — Shelbyville has been chosen as the site for what is expected to be the largest facility in North America for producing plant-based protein foods. Greenleaf Foods, SPC announced today that it will invest $310 million in the new plant and create as many as 460 jobs by the end of 2022.

 

The announcement was made during a ground breaking ceremony today attended by Gov. Eric Holcomb and Indiana Secretary of Commerce Jim Schellinger.

Greenleaf makes the foods under brands including Lightlife Foods and Field Roast Grain Meat Co., the top two brands in the refrigerated alternative protein category. Greenleaf is a wholly owned subsidiary of Maple Leaf Foods Inc. of Mississaugu, Ontario. Greenleaf was established in 2018 and is headquartered in Chicago. Greenleaf operates facilities in Seattle and Turner Falls, Mass.

The 230,000-square-foot Shelbyville plant will double Greenleaf’s production capacity. It will be located on 57 acres directly east of Interstate 74 and south of State Road 44. The property was acquired by the city and Shelby County from First Presbyterian Church in Shelbyville in December 2018. Space is available on the property to expand beyond the project announced today.

The Greenleaf investment is the largest industrial project in the history of Shelbyville, said Brian Asher, executive director of Shelby County Development Corp.

“It adds to our international business,” Asher said. “This combines Shelby County’s farming and manufacturing backgrounds in one.”

Incentives from Shelbyville and Shelby County total $2.5 million. The state offered up to $5 million in conditional tax credits and as much as $1 million in training grants based on job creation plans. The state also offered up to $1.25 million from the Industrial Development Grant Fund.

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Contact

Brian Asher, executive director, Shelby County Development Corp.

317-398-8903

b.asher@shelbydevelopment.com

Greenleaf Foods to Create Over 400 New Jobs In Shelbyville

Economic Development | Press Release

Above: Computer rendering showing the 230,000 sq ft proposed facility near the State Road 44 Interchange on I 74

Below: Members of the Greenleaf Foods Team join Governor Holcomb and Mayor DeBaun for a groundbreaking of the new Greenleaf Foods production facility

SHELBYVILLE, Ind.–(BUSINESS WIRE)–Apr 8, 2019–Greenleaf Foods, SPC (the “Company”), today announced plans to construct North America’s largest plant-based protein manufacturing facility in Shelbyville, Indiana. The 230,000-square-foot facility will more than double the Company’s production capacity to meet the surging consumer demand for its portfolio of brands, including Lightlife® and Field Roast Grain Meat Co™, the #1 and #2 brands in the refrigerated alternative protein category.

The U.S. $310 million Shelbyville facility, slated to become operational in late 2020, will create 460 jobs on the 57-acre property and can be expanded to meet future market growth. The new facility will extend the Company’s network of production facilities, which includes facilities in Seattle, Washington, and Turners Falls, Massachusetts. In addition, the Company plans to invest in equipment to increase capacity and scale production at its existing facilities.

The new Shelbyville facility will enable the Company to meet rapidly rising demand for plant-based proteins by supporting its innovation pipeline across its brands. In January, the Lightlife Burger, Ground, Italian Sausage and Bratwurst Sausage were launched as part of a new pea protein-based product line that delivers the sensory experience and taste consumers crave, marking the brand’s most significant innovation launch in its 40-year history. The new line will be among the products made at the new facility, along with other bestselling products from the Lightlife and Field Roast Grain Meat Co brands.

“Our new facility will be a center of plant-based protein excellence that helps accelerate our company’s growth. This will support our rich pipeline of innovative products that both satisfy increasing consumer demand and drive our continued leadership of this dynamic category in the U.S. and Canada into the future,” said Dan Curtin, President. “Our world-class research and development teams are shattering what were once thought to be the culinary boundaries of plant-based protein products, and our new facility will take those ideas from development to commercialization. We are grateful for the incredible support from the State of Indiana, as well as Shelby County and the City of Shelbyville, who have helped make this a reality.”

“In Indiana, we’re proud to support a global economy with more than 950 foreign-owned businesses here providing quality career opportunities for our residents. And we’re thrilled to welcome Greenleaf Foods, SPC to that growing list and to our Indiana family,” Indiana Governor Eric J. Holcomb said. “Today’s groundbreaking is a significant milestone for the Shelbyville community and for the state of Indiana. I’m confident that our skilled workforce will be a crucial asset, helping support Greenleaf Foods SPC’s growth for years to come.”

At the local level, Shelbyville Mayor Tom DeBaun also praised the announcement. “I am thrilled that Shelby County was chosen for this project. It’s further validation that the administrations of the City of Shelbyville and Shelby County are working collaboratively to make this a great place to do business,” DeBaun said. “This project diversifies our employment options locally and regionally as well as bringing tremendous opportunities to our community.”

The North American plant-based protein market had estimated sales of US$1 billion in 2018 and demand for plant-based protein continues to show strong growth . Fresh refrigerated products represent approximately 24% of the total market and delivered 40% sales growth in 2018. While burgers are fueling category growth, all refrigerated products are forecasted to deliver double-digit growth for the next twenty years.

To mark this momentous announcement, Indiana Governor Eric Holcomb, Secretary of Commerce Jim Schellinger and Shelbyville Mayor Tom DeBaun are set to join the Company’s President Dan Curtin at a groundbreaking on the site at the intersection of I-74 and Highway 44, Monday, April 8 at 2 p.m. EST. Representatives of the Indiana Economic Development Corporation and Shelby County Development Corporation will also be present.

Greenleaf Foods, SPC is a wholly-owned, independent subsidiary of Maple Leaf Foods Inc. (TSX:MFI) based in Mississauga, Ontario, Canada. For more information about the Company, visit greenleaffoods.com.

Forward–Looking Statements

This release contains forward-looking statements based on the Company’s current expectations relating its strategies; the anticipated technical capabilities of the new facility; value creation opportunities and other benefits from the projects; consumer tastes, preferences and buying patterns; project execution variables such as engineering, design and construction costs, schedule and approvals; availability of resources and labor necessary for the construction and operation of the facilities; and other factors. As these forward-looking statements depend upon future events, actual outcomes may differ and there can be no assurance that the results or developments anticipated by the Company will be realized. The Company does not intend to, and the Company disclaims any obligation to, update any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

About Greenleaf Foods, SPC

Greenleaf Foods, SPC is committed to shaping the future of plant-based foods. Established in 2018, the Company’s portfolio of leading plant-based protein brands includes Lightlife® and Field Roast Grain Meat Co.™. The Company is headquartered in Chicago, and is a wholly-owned, independent subsidiary of Maple Leaf Foods Inc. (TSX:MFI).