Cargill Meat Solutions is a subsidiary of Cargill Inc—a
multi-generational family-owned and operated, multinational agribusiness giant. Cargill was America's Largest Private Company, with revenues of US$106.30 billion in 2008 and 151,500 employees, according to
Forbes. The operation's history can be traced to the Excel Packing Company, which was formed in
Chicago in 1936. In 1941, Excel moved to Wichita, and was incorporated as Kansas Beef Industries in 1970. Under its new name, Excel purchased Spencer Beef from
Land O'Lakes in 1983, which added operations in
Spencer, Iowa,
Oakland, Iowa, and
Schuyler, Nebraska. The sale was challenged on
anti-trust grounds by a smaller competitor,
Monfort of Colorado; while Monfort prevailed in lower courts, in 1986 the
Supreme Court of the United States ruled that the sale was legal. In 1987, Excel entered the pork processing business when it acquired plants from
Hormel in
Ottumwa, Iowa, and
Oscar Mayer in
Beardstown, Illinois. In a 1988
New York Times article reported that together, three meat processing companies -- "Excel Inc., a subsidiary of Cargill Inc.",
Conagra Brands, and
Iowa Beef Processors -- "buy, slaughter and sell nearly three-quarters of the [United States]'s grain-fattened cattle." ConAgra's former meat processing holdings are now owned by
JBS USA, and IBP was purchased by
Tyson Foods and is now known as Tyson Fresh Meats. In 2004, the division's name was changed from Excel to Cargill Meat Solutions. In 2005, Cargill brought back the Excel name as a brand for the division's "everyday" meat product line. In July 2015, Cargill announced it was selling its U.S. pork processing business to
JBS USA for $1.45 billion. ==Food safety==