000775 IBP Plans Meat Plant In TennesseeJuly 31, 2000Goodlettsville, TN - IBP Inc. said it will renovate a vacant Goodletttsville, Tennessee facility into a case-ready meat plant, creating 1,200 to 1,400 jobs over a period of two to three years. The company did not disclose the purchase price but said it expects to spend $40 to $60 million to renovate a former Oscar Mayer plant near Nashville and turn it into a plant that will employ up to 1,400 people. Once renovated, the 365,000-square-foot facility will use beef and pork from other IBP facilities to produce packaged cuts of fresh meat, such as steaks, roasts and chops, that are ready for retail grocers to place directly into the meat case. The operation is expected to eventually produce several million pounds of fresh meat each week. Product from the plant will be sold to retail grocers under the company's new Thomas E. Wilson brand name. IBP said it plans to begin one shift of production in early 2001 and add another shift by mid to late summer of 2001.
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