IBP, Inc.

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IBP, Inc.,
Type meat processing (subsidiary of Tyson Foods)
Industry Meat packing
Founded Denison, Iowa, 1960 (acquired by Tyson 2001)
Headquarters Dakota Dunes, South Dakota, USA

IBP, Inc., formerly known as Iowa Beef Processors, Inc., now Tyson Fresh Meats, is now an American meat packing company based in Dakota Dunes, South Dakota, USA. IBP was the United States' biggest beef packer and its number two pork processor . To reflect the company's multiple operations, the company changed its name to Iowa Beef Processors, Inc. in 1970. After the company expanded operations to pork and other areas, Iowa Beef Processors, Inc., became IBP, Inc. Occidental Petroleum owned IBP from 1981 to 1987, and was the majority owner from 1987 to 1991.[1][2]

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.

It was acquired by Tyson Foods in 2001 for US$3.2 billion in cash and stock.

References[edit]

  1. ^ OCCIDENTAL TO ACQUIRE IOWA BEEF
  2. ^ Occidental Will Sell Its Stake in Iowa Beef Unit


External links[edit]

Coordinates: 42°30′12.72″N 96°28′52.55″W / 42.5035333°N 96.4812639°W / 42.5035333; -96.4812639