IBP inc. will soon be no more. Parent company Tyson Foods Inc. has announced that the name IBP inc., its wholly owned fresh meats subsidiary, is officially being changed to Tyson Fresh Meats Inc.
The name change will simplify business activities, says Dick Bond, Tyson Foods president and COO. It does not reflect any changes in the division’s structure nor organization.
The move took effect May 1, but Tyson said it will take several months to replace the IBP name on all meat packing plants, offices and vehicles.