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990833 Thorn Apple Deal Set to Close

August 14, 1999

North Carolina - One of the world's largest beef and pork processors is expected to close a 120-million dollars deal to buy Thorn Apple Valley within the next few days.

South Dakota-based IBP Inc. will add three-thousand employees and five production plants if the deal goes through.

Thorn Apple Valley operates a meat processing plant in Holly Ridge, North Carolina which employs 400 people.

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