posted on December 11, 2015
(Janesville, WI) IPM Foods, LLC is expanding and relocating to the City's East Side Business Park, where it has signed a long-term lease for 150,000 SF. To meet production capacities, as well as to gain operational efficiencies, IPM will consolidate its operations into a single, food-grade facility. The company has pegged Q3 2016 as the targeted operations date and staffing levels are expected to double.
IPM Foods is a contract manufacturer and packager of soups, gravies, sauces, vegetables and stocks. Primarily integrated into the organic, natural and premium food markets, the company continues to expand and diverse its customer base. IPM's Tetra Recart™ platform, from global packaging leader Tetra Pak®, is the world’s first carton-based retortable food package enabling it to hold specific shelf-stable, food products.
Originally designed as a speculative building with multi-tenant functionalities, 4298 Capital Circle is currently undergoing USDA, FDA and HACCP Certified facility improvements.
Gilbank Construction, Inc. is providing construction services for the project, while Angus Young Associates provided the architectural, design and engineering services. Capital Circle I, which is represented by area developers Tom Lasse and Terry McGuire, owns the building. Bill Mears, Coldwell Banker McGuire Mears & Associates, provided tenant and building owner representation.
According to James Otterstein, Rock County Economic Development Manager, "An extremely favorable development climate, facilitated by strong public and private sector partners, continues to deliver investments into the Janesville-Beloit MSA."