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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 26, 1977
Page
4
The dedication Thursday marked the opening of a four million dollar Vigortone plant in Cedar Rapids. Art Swarzentruber presided with Beatrice Foods CEO Wallace Rasmussen. Vigortone, a Beatrice subsidiary, produces livestock feed premixes and animal health products.
Beatrice Foods, a Cedar Rapids linked giant with over 5 billion dollars in annual net sales, remains best known for its varied brands from Meadow Gold to La Choy. The company, started in Beatrice, Nebraska, diversified into 8,000 products and 80,000 global employees, aiming to double sales to about 12 billion by 1982 through internal growth, international expansion, and selective acquisitions such as Harman International.
Kirkwood Community College directors approved a $10,860 premium to Great American Insurance Co. for $3 million umbrella coverage, up from $850 with New Hampshire Fire Insurance Co. The board also requires a $1,400 rise in basic coverage with St. Paul Fire & Marine. The action sparked debate over rising costs and impact on education funding while noting no opposition votes.
Local officials met with Linn county conference board members to review the state revenue department order reducing agricultural and commercial property values by 21 percent and 15 percent respectively. Assessor Forrest Holveck cited 44 commercial sales as the basis for the reduction. Chairman Jean Oxley noted state aid has raised school district funding, widening the tax gap with cities.
Actress Lynn Redgrave, not a U.S. citizen, says Actors Equity requires her to pay five percent of earnings to the union, a practice she calls discriminatory. Her husband and manager John Clark will seek NLRB action to stop the fee, noting American actors aren’t charged.
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