Sen. Chuck Grassley issued the following comment today regarding the purchase of IBP Inc. by Tyson Foods Inc.
"I'm concerned that the Tyson Foods purchase of IBP will only further an increasingly concentrated meatpacking industry and hurt independent producers looking to get fair prices for their products. It's also important that the deal doesn't unfairly increase the prices consumers pay at the meat counter. When Tyson Foods made their bid for IBP in December, I sent a letter to the Justice Department and Federal Trade Commission asking for careful consideration of the offer. I plan to send another letter to regulators urging vigorous scrutiny of the purchase. I want to be certain that the federal laws are fully enforced."