IBP INC

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 US$3.2 billion in cash and stock. 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