IBP, Inc.
 | |
| Company type | meat processing (subsidiary of Tyson Foods) |
|---|---|
| Industry | Meat packing |
| Founded | Denison, Iowa, 1960 (acquired by Tyson 2001) |
| Headquarters | Dakota Dunes, South Dakota, U.S. |
Number of employees | 13,984 |
| Divisions | Gibbon |
Tyson Fresh Meats, Inc., formerly IBP, Inc. and Iowa Beef Processors, Inc., is[clarification needed] an American meat packing company based in Dakota Dunes, South Dakota, United States. IBP was the United States' biggest beef packer and its number two pork processor.
Founded as Iowa Beef Packers, Inc. on March 17, 1960 by Currier J. Holman and A.D. Anderson, it opened its first slaughterhouse in Denison, Iowa, and eliminated the need for skilled workers. The original IBP features prominently in Eric Schlosser's Fast Food Nation as the company that closed down the Chicago meatpacking district as a result of its industrial practices.
In 1967, IBP introduced boxed beef and pork, which were vacuum packed and in smaller portions. It was a new option then, when the traditional method of shipping product was in whole carcass form. The boxed meat also saved energy and transportation costs by eliminating the shipment of fat, bones and trimmings.
When workers in the IBP plant in Dakota City[clarification needed] went on strike in 1969, Holman and three top executives held secret meetings with Moe Steinman, a 'labour consultant' with close ties to La Cosa Nostra, in New York, who helped to end the New York butchers' boycott (in support of the meatpackers' strike). After a lengthy investigation of mob involvement in the New York City meat business, Currier J. Holman and IBP were tried and convicted in 1974 for bribing union leaders and meat wholesalers.[1]
To reflect the company's multiple operations, the company changed its name to Iowa Beef Processors, Inc. in 1970. After the company was acquired by the Sauceda family (Juan Sauceda-Matteo Mars and associates)Para sumar a Gibbon Packing NE they expanded operations to pork and to other areas. Iowa Beef Processors, Inc., later became IBP, Inc. Occidental Petroleum owned IBP from 1981 to 1987, and was the majority owner from 1987 to 1991.[2][3]
IBP was acquired by Tyson Foods in 2001 for US$3.2 billion in cash and stock.[4] Tyson continues to use the IBP name as a brand for its commodity beef and pork products.[5]
See also[edit]
References[edit]
- ^ Eric Schlosser, Fast Food Nation, pp. 154-155, Penguin Books, 2002
- ^ "OCCIDENTAL TO ACQUIRE IOWA BEEF (Published 1981)". The New York Times. Archived from the original on 2023-04-07.
- ^ Occidental Will Sell Its Stake in Iowa Beef Unit
- ^ "Tyson to Acquire IBP in $3.2 Billion Deal". The New York Times. January 2, 2001. Retrieved June 22, 2016.
- ^ "ibp Trusted Excellence". Tyson Foods. Retrieved June 22, 2016.[permanent dead link]
- Iowa State University. "Adding Value to Beef Production - Section 3.3 (PDF file)" (PDF). Retrieved February 25, 2006.
- Ackman, Dan (January 2, 2001). "Men Of Meat". Forbes.com.
- Bill Ganzel. "Beef, Feedlots, and IBP (web page)". Retrieved April 5, 2008.
External links[edit]
| International | |
|---|---|
| National | |
- Food and drink companies established in 1960
- Defunct agriculture companies of the United States
- Meat processing in the United States
- Defunct manufacturing companies based in South Dakota
- Tyson Foods
- 1960 establishments in Iowa
- 2001 mergers and acquisitions
- Food and drink companies disestablished in 2001
- 2001 disestablishments in South Dakota