Vital Farms announced plans to construct a new egg washing and packing facility in Indiana.
“I am thrilled to announce that we have signed an agreement to acquire land for a new, state-of-the-art egg washing and packing facility in southern Indiana. This strategic investment is part of our commitment to expansion and innovation and is an integral part of our journey to achieve at least US$1 billion in annual net revenue by 2027,” Russell Diez-Canseco, Vital Farms President and CEO stated during its recent 2024 first quarter earnings conference call.
Diez-Canseco said the new plant will incorporate similar design principles as its Egg Central Station facility in Springfield, Missouri. The company anticipates the new facility will initially be able to support 165 family farms and employ approximately 150 additional crew members.
Vital expects to break ground and begin construction in 2025, begin hiring employees in the summer of 2026 and be able to start operations shortly after. The producer anticipates the new plant to begin generating revenue in 2027 and potentially add additional capacity after that.
“Our crew members from Egg Central Station are going to lead the way in bringing our new facility to life. They will create an important link to the rigorous standards, deep institutional knowledge and executional excellence that we've established in Springfield. This will also help in our training and mentoring of our new workforce in Indiana,” he added.
“We are now working with local stakeholders in Indiana on a formal announcement and we will share the precise location of the new facility in the near future.”
Diez-Canseco explained that the new facility is a result of the company’s growing demand, profitable growth and its plans to expand its commercial market share. Vital achieved US$147.9 million in net revenue for first fiscal quarter of 2024, a record for the company, according to its recent financial review.
