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Tyson Fresh Meats, Inc.

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Coordinates:42°30′12.72″N96°28′52.55″W / 42.5035333°N 96.4812639°W /42.5035333; -96.4812639

From Wikipedia, the free encyclopedia

American meat packing company

Tyson Fresh Meats, Inc.

Company type	Subsidiary
Industry	Meat packing
Founded	1960; 66 years ago (1960), inDenison, Iowa, U.S.
Headquarters	Dakota Dunes, South Dakota, U.S.
Number of employees	13,984
Parent	Tyson Foods
Divisions	Gibbon

Tyson Fresh Meats, Inc. (formerlyIBP, Inc. andIowa Beef Processors, Inc.) is an Americanmeat packing company based inDakota Dunes, South Dakota, United States. IBP was the United States' biggestbeef packer and its number twopork processor.

Founded asIowa 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'sFast 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 byTyson Foods in 2001 forUS$3.2 billion in cash andstock.^[8] Tyson continues to use the IBP name as a brand for its commodity beef and pork products.^[9]

Notes

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^On 26 April 1981, which was the day after US PresidentRonald Reagan ended theUnited States agricultural embargo against theSoviet Union,Armand Hammer flew toMoscow'sSheremetyevo Airport on his personal jet OXY 1 and tookDavid Murdoch, who was a Los Angeles financier that collectedArabian 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 theArabian horse stallion Pesniar from the Soviet state controlledTersk Breeding Farm atPiatigorsk, near theBlack 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 inOccidental 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 MinisterLeonid 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]