The nation's leading producer of beef and pork continues its expansion into the production of case-ready meat products. IBP, inc. (NYSE: IBP - news) today announced that it has chosen Sherman, Texas, as the site for a new case-ready meats operation that will employ up to 1,400 people. IBP expects to spend $40 to $60 million to renovate the former Oscar Mayer plant in Sherman, which closed in 1998.