IBP, Inc.

Infobox_Company
company_name = IBP, Inc.,
company_
company_type = meat processing
foundation = Denison, Iowa, 1960
location = Dakota Dunes, South Dakota, USA
key_people =
industry = Meat packing
num_employees =
products =
revenue =
homepage =

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 until it was acquired by Tyson Foods in 2001 for $3.2 billion USD in cash and stock. In order 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.

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. Set up in 1960 by Currier J. Holman and A.D. Anderson, it opened its first slaugherhouse in Denison, Iowa, and eliminated the need for skilled workers. In 1967, IBP introduced boxed beef and pork which were vacuum packed and in smaller portions. It was a new option during that time 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. [, Eric Schlosser, "Fast Food Nation", pp. 154-155, Penguin Books, 2002]

According to its website: The principal activities of the Group are meat processing, primarily involved in cattle and hog slaughter, beef and pork fabrication, and related allied product processing activities and the production of precooked meats for the retail and foodservice industries. The segments of the Company are BEEF CARCASS- In this segment Company reduces live fed cattle to dressed carcasses and other allied products. BEEF PROCESSING-Produces fresh beef and processed beef. PORK SEGMENT- Reduces live hogs to fresh and processed pork products that are sold in the form of boxed pork. FOODBRANDS AMERICA-Produces frozen and refrigerated food products for the foodservice industry. OTHERS- Includes Company's trucking and warehousing operations, Canadian beef operations, hide curing and tanning operations. Beef processing accounted for 48% of 2000 reveues; foodbrands America, 19%; pork, 14%; beef carcass, 7% and other, 12%.

References

* cite web
author = Iowa State University
url = http://www.ciras.iastate.edu/beefmanual/Section3.3.pdf
title = Adding Value to Beef Production - Section 3.3 (PDF file)
accessdate = February 25
accessyear = 2006
format=PDF
* cite news
first=
last=
author=Ackman, Dan
title=Men Of Meat
date=January 2, 2001
publisher=Forbes.com
url=http://www.forbes.com/2001/01/02/0102topnews.html
* cite news
first=
last=
author=Schlosser, Eric
title=Fast Food Nation
date=2002
publisher=Houghton Mifflin
url=http://en.wikipedia.org/wiki/Fast_Food_Nation
* cite web
author = Bill Ganzel
url = http://www.livinghistoryfarm.org/farminginthe50s/crops_08.html
title = Beef, Feedlots, and IBP (web page)
accessdate = April 05
accessyear = 2008

External links

* [http://www.tyson.com/Corporate/B2B/FreshMeats Tyson Fresh Meats division]