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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]
Details are scant, but Perry Mayor Dirk Cavanaugh told the City Council negotiations are underway for the sale of the closed Tyson meatpacking plant.
USA TODAY reached out to Tyson Foods for additional comments. Store Closure: Big Lots closing 19 more stores as retailer navigates Chapter 11 bankruptcy. Tyson Foods announced plant closures from 2023
“Tyson is closing its facility in Perry, Iowa and laying off its 1,200 workers,” reads one X post that had received approximately 20,000 likes and 11,700 shares as of Friday.
According to a report by Bloomberg News on April 23, cold-storage facilities in the country only had enough supply to cover production for another two weeks, and with most plant shutdowns lasting at least that long, shortages would be inevitable. [17] On May 4, Tyson Foods informed its investors that U.S. pork production had declined 50%. [18]
[132] On April 23, Tyson announced that a beef processing plant in Wallula, Washington was closing. Tyson executive Steve Stouffer said, "Unfortunately, the closure will mean reduced food supplies and presents problems to farmers who have no place to take their livestock. It’s a complicated situation across the supply chain. [133]
CHICAGO (Reuters) -Tyson Foods Inc will close two U.S. chicken plants with almost 1,700 employees on May 12, the company said on Tuesday. The closures show the biggest U.S. meat company by sales ...
"Perry has dealt with similar situations in the past," said a past leader of city's economic development efforts. "This is something we can overcome."