Tyson Fresh Meats, Inc. (formerly IBP, Inc. and Iowa Beef Processors, Inc.) is an American

meat packing The meat-packing industry (also spelled meatpacking industry or meat packing industry) handles the slaughtering, processing, packaging, and distribution of meat from animals such as cattle, pigs, sheep and other livestock. Poultry is generally n ...

company based in

Dakota Dunes, South Dakota Dakota Dunes is an Unincorporated area, unincorporated community and census-designated place (CDP), master-planned residential and commercial development covering about in Union County, South Dakota, Union County in the extreme southeast corner ...

, United States. IBP was the United States' biggest

beef Beef is the culinary name for meat from cattle (''Bos taurus''). Beef can be prepared in various ways; Cut of beef, cuts are often used for steak, which can be cooked to varying degrees of doneness, while trimmings are often Ground beef, grou ...

packer and its number two

pork Pork is the culinary name for the meat of the pig (''Sus domesticus''). It is the most commonly consumed meat worldwide, with evidence of pig animal husbandry, husbandry dating back to 8000–9000 BCE. Pork is eaten both freshly cooke ...

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 ''Fast Food Nation: The Dark Side of the All-American Meal'' is a 2001 book by Eric Schlosser. First serialized by ''Rolling Stone'' in 1999, the book has drawn comparisons to Upton Sinclair's 1906 muckraking novel ''The Jungle''. The book wa ...

'' 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 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. 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 Occidental Petroleum Corporation (often abbreviated Oxy in reference to its ticker symbol and logo) is an American company engaged in hydrocarbon exploration in the United States and the Middle East as well as petrochemical manufacturing in the ...

owned IBP from 1981 to 1987, and was the majority owner from 1987 to 1991.Occidental Will Sell Its Stake in Iowa Beef Unit
/ref> IBP was acquired by

Tyson Foods Tyson Foods, Inc. is an American multinational corporation based in Springdale, Arkansas that operates in the food industry. The company is the world's second-largest processor and marketer of broiler industry, chicken, beef, and pork after JBS ...

in 2001 for

US$ The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...

3.2 billion in cash and

stock Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

. Tyson continues to use the IBP name as a brand for its commodity beef and pork products.

Notes

References

* * *

External links

Tyson Fresh Meats

The Chain Never Stops - Eric Schlosser
{{DEFAULTSORT:Ibp, Inc. Food and drink companies established in 1960 Defunct agriculture companies of the United States Meat companies of 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

See also

Notes

References

External links