The City of Lebanon, the Boone County Economic Development Corporation (Boone EDC), and the State of
Indiana today announced NewCold’s Phase 3 expansion at its Lebanon facility, marking a major milestone in the company’s
continued growth and long-term commitment to Boone County.
“NewCold’s third expansion in Indiana is a testament that global companies can build a robust operation here,” said Governor Mike Braun. “With a central location, a skilled workforce and a committed community, NewCold has all the tools and resources needed to serve its customers and succeed here in the center of the U.S.”
The proposed Phase 3 expansion is expected to generate a capital investment of more than $500 million and create over 200
permanent positions. These roles will include warehouse operations, maintenance, logistics coordination, and supervisory
positions, all offering competitive wages, comprehensive benefits, and clear pathways for career advancement. The new building will feature state-of-the-art automated storage and retrieval systems to transfer and store products for its food industry customers in sub-zero temperature conditions.
The expansion follows NewCold’s investment of over $300 million across the first two phases of the Lebanon campus, including
the successful 2024 opening of the second phase, which doubled the original capacity.
From a global perspective, Phase 3 is NewCold’s largest project worldwide in terms of both capital investment and total square
footage. NewCold was launched in 2012 and is now the world’s third-largest refrigerated food logistics provider, delivering
advanced temperature-controlled supply chain solutions.
“Lebanon continues to prove that we are a premier destination for global innovation. NewCold choosing our city for its largest
project worldwide is a testament to our strategic location and our commitment to fostering a pro-business innovative
environment. We are proud to support this expansion that brings additional high-quality jobs and significant investment to our
community, further solidifying Lebanon’s role as a leader in the modern supply chain” said Lebanon Mayor Matt Gentry.
Beyond the facility itself, NewCold is investing in infrastructure improvements that will benefit Lebanon’s broader business
community and residents. The project includes construction of a new electrical substation to support the business park’s growth, road extensions to improve regional access, and pedestrian pathways connecting to surrounding areas.
“This milestone reflects NewCold’s commitment to redefining temperature-controlled logistics on a global scale,” said Bram
Hage, NewCold Founder & CEO. “By combining advanced automation with unprecedented capacity, we’re creating a flexible
solution that allows our customers to grow with the quality, efficiency, and service they expect from a true partner.”
“NewCold’s Phase 3 expansion reflects the strength of our partnership, and the advantages Boone County offers growing
companies,” said Andrea Kern, CEO of the Boone County Economic Development Corporation. “This investment brings new jobs and continued economic growth to Lebanon, and we appreciate NewCold’s long-term commitment to our community.”