IBP (Iowa Beef Processors)

Iowa Beef Processors (IBP) was a major American meat-packing company, founded in 1961, specializing in processing and selling beef products. It played a key role in modernizing the beef industry by introducing large-scale, efficient meat processing plants, which helped lower costs and make beef more affordable. IBP's focus on innovation and cost control contributed to its growth, eventually making it one of the largest beef producers in the U.S. In 2001, IBP was acquired by Tyson Foods, further expanding its influence in the meat industry.