SUNLAND PARK, N.M. – Bridgeview, Ill.-based Stampede Meat Inc. plans to renovate and reopen a processing plant once owned by Tyson Foods Inc. The company expects to invest $36 million in the Sunland Park, New Mexico facility which will expand Stampede’s existing 285,000-square-foot and 190-million-lb production capacity by half.

The renovated plant will feature proprietary 360-degree searing and sous vide cook capabilities, the company said. The company produces a wide variety of products, including beef, poultry, pork, soups, prepared meals and alternative proteins.

The expansion also is expected to create 1,295 new food processing and manufacturing jobs, according to Stampede, and job recruitment for the plant begins in September.

“Stampede Meat has been at capacity on some critical lines for a number of months,” said Brock Furlong, president and chief executive officer of the company. “Starting this fall, this will allow Stampede to grow with a significant investment in cook capacity and new capabilities to continually play a more critical role as our customers look for more turnkey solutions.”

The company said products manufactured in the Sunland Park plant will be distributed across the United States and into Canada and South America. The company expects the facility to generate $300 million to $400 million in revenue. The facility is expected to open in October and marks the first time Stampede Meat has expanded outside Illinois in the company’s 24-year history.

The company received support for the project from the New Mexico Economic Development Department, which has pledged an investment of up to $3 million in Local Economic Development Act (LEDA) funds. The city of Sunland Park will act as the fiscal agent for the award.

“We greatly thank our customers for their loyalty and partnership, giving us the confidence to make this investment in support of their growth and continued success,” Mr. Furlong said.