IBP pays $261m for meat processor
22 December 1999
IBP pays $261m for meat processor
IBP, the US meat processing group, is to buy Corporate Brand Foods America, the privately held meat and poultry processor, for $261 million (£162m).
The total value of the deal is $584m, including the assumption of $323m of debt.
IBP said the deal would make it one of the worlds leading producers of processed meat and poultry, with annual sales of about $15bn.
- Tyson secures Hudson in $650m deal, FWi, 05 September, 1997
- Financial Times 22/12/99 page 24 (News Digest)
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