Tyson Foods 2001 Annual Report Download - page 4

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2
This was a year of transformation at Tyson Foods, Inc. By combining Tyson and IBP, inc., we have created a new
company that will be more than the sum of its two parts. As the world’s leading protein provider, our shareholders,
team members and customers will all benefit. I cannot begin to convey how excited and energized we are about
the future of Tyson Foods!
One of Tyson’s greatest strengths has been its position as the world’s number one producer, processor and marketer
of chicken. With the addition of IBP, Tyson is now the world’s leading provider of beef, chicken and pork products.
Uniting the two industry leaders will triple our revenue and is expected to be immediately accretive to earnings in
fiscal 2002. We are already experiencing synergies and introducing new products. We can strengthen our relationships
with our customers and create opportunities for our 120,000 team members through expanded roles and new
opportunities for advancement. Combining these two companies intensifies Tyson Foods’ position as a company
focused on customer service, shareholders and team members, making the Tyson name much more valuable.
The new company has unrivaled scale, a diverse range of products and a broad customer base. As the meat case moves
to case-ready, branded products for beef and pork, Tyson Foods is in the unique position to leverage its branding
power. This is a tremendous opportunity to make the Thomas E. Wilson brand synonymous with value-added beef
and pork products just as the Tyson brand is synonymous with value-added chicken.
Imagine, too, the possibilities in reaching every part of the country with fresh and frozen products. IBP has the industry’s
largest, most effective nationwide refrigerated distribution system for fresh meat products. Tyson has the premier frozen
distribution system in the country. This unique capability enables us to fulfill all of our customers’ protein needs, whether
through the foodservice, retail or club store channel.
Tyson Shareholders: