Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Octopi Brewing Expands Waunakee, Wisconsin, Plant

10/05/2022
Octopi Brewing, a contract beverage manufacturer and packager, is expanding operations in Waunakee, Wisconsin. The $62 million project is expected to create 150 jobs over the next five years.

The company will expand its existing 65,000-square-foot facility to 165,000-square-feet and will add a 200,000-square-foot building across the road while leasing a 180,000-square-foot warehouse a few miles away.

“We’re growing almost 10 times in size, going from a 65,000-square-foot facility to over half a million square feet of space,” said Isaac Showaki, founder and president of Octopi Brewing. “Adding new equipment will give us even more product capabilities as the innovation beverage market keeps growing. It’s a response to what the market’s telling us and what our clients are telling us. We’re lucky to be in a position where we’re getting bigger and better clients who want more production volume, so we’re doing what we can to help them.”

Wisconsin Economic Development Corporation (WEDC) is supporting the project by authorizing up to $800,000 in state income tax credits over the next five years. The actual amount of tax credits Octopi Brewing will receive is contingent upon the number of jobs created and the amount of capital investment during that period. The company earned $300,000 in tax credits for a 2017 expansion and $225,000 for another expansion in 2019.

“Octopi has grown into a tremendous success and is a significant creator of family-sustaining jobs in the Waunakee area,” said Missy Hughes, secretary and CEO of Wisconsin Economic Development Corporation, the state’s leading economic development organization. “WEDC has supported Octopi from its early days and is proud to continue doing so with this latest expansion.”

As a contract beverage manufacturer, Octopi consults clients on recipes, design, merchandising and more, helping them create high-quality and successful beverages. The company’s Waunakee initially produced just beer but has since added other beverage capabilities.

Exclusive Research