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IBP, Inc.

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Coordinates: 42°30′12.72″N 96°28′52.55″W / 42.5035333°N 96.4812639°W / 42.5035333; -96.4812639
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IBP, Inc.
Company typemeat processing (subsidiary of Tyson Foods)
IndustryMeat packing
FoundedDenison, Iowa, 1960 (acquired by Tyson 2001)
HeadquartersDakota Dunes, South Dakota, U.S.
Number of employees
13,984
DivisionsGibbon

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][a]

IBP was acquired by Tyson Foods in 2001 for US$3.2 billion in cash and stock.[8] Tyson continues to use the IBP name as a brand for its commodity beef and pork products.[9]

See also

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Notes

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  1. ^ On 26 April 1981, which was the day after US President Ronald Reagan ended the United States agricultural embargo against the Soviet Union, Armand Hammer flew to Moscow's Sheremetyevo Airport on his personal jet OXY 1 and took David Murdoch, who was a Los Angeles financier that collected Arabian horses and owned the largest interest in Iowa Beef Processors, which was the biggest and most advanced beef-packer in the world, with him allegedly to assist Murdoch in obtaining the Arabian horse stallion Pesniar from the Soviet state controlled Tersk Breeding Farm at Piatigorsk, near the Black Sea.[4] Shortly after this trip that Murdoch and Hammer took to the Soviet Union, Hammer requested his assistant James Pugash to provide Hammer with information regarding the Murdoch controlled IBP after which Hammer gained control of IBP through Occidental Petroleum from Murdoch for $800 million in Occidental Petroleum stock several weeks later.[4] One month after the Hammer-Murdoch trip together to the Soviet Union, Hammer flew to Moscow and not only arranged to buy for a $1 million the stallion Pesniar for Occidental, Murdoch and a third buyer, but also suggested to the Soviet Union Deputy Prime Minister Leonid Kostandov, who was a close friend of Hammer and had been the deputy Minister of the Chemical Industry in the USSR from October 1965 to 1980,[5][6][7] that Hammer's ownership of IBP through Occidental would alleviate the Soviet Union's chronic meat shortage by transferring IBP's highly advanced technology for meat packing factories into the Soviet Union to directly sell large quantities of United States beef to Soviet markets.[4]

References

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  1. ^ Eric Schlosser, Fast Food Nation, pp. 154-155, Penguin Books, 2002
  2. ^ "OCCIDENTAL TO ACQUIRE IOWA BEEF (Published 1981)". The New York Times. Archived from the original on 2023-04-07.
  3. ^ Occidental Will Sell Its Stake in Iowa Beef Unit
  4. ^ a b c "The Riddle of Armand Hammer". The New York Times. 29 November 1981. ISSN 0362-4331. Archived from the original on 25 November 2024. Retrieved 26 November 2024.
  5. ^ "Leonid Kostandov". Great Soviet Encyclopedia. 1979. Archived from the original on 17 January 2021. Retrieved 26 November 2024.
  6. ^ "Deputy Premier Leonid Kostandov died Wednesday of a heart attack". United Press International. Moscow. 5 September 1984. Archived from the original on 26 November 2024. Retrieved 26 November 2024.
  7. ^ "Leonid Kostandov, 68; Soviet Deputy Premier". The New York Times. Reuters. 6 September 1984. Archived from the original on 26 November 2024. Retrieved 26 November 2024.
  8. ^ "Tyson to Acquire IBP in $3.2 Billion Deal". The New York Times. January 2, 2001. Retrieved June 22, 2016.
  9. ^ "ibp Trusted Excellence". Tyson Foods. Retrieved June 22, 2016.[permanent dead link‍]
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42°30′12.72″N 96°28′52.55″W / 42.5035333°N 96.4812639°W / 42.5035333; -96.4812639

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