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1985. After years of financial trouble, Rath shuts its doors, contributing to an economic tailspin in Waterloo that deeply affects the Black community.
After a series of further financial setbacks, Rath ceased operations in December, 1984 and was liquidated in 1985.
- Significance: Between 1891 and 1985, the Rath Packing Company grew from a small local business into the ninth largest meat packing company in the United States. By 1950, the Waterloo plant was the largest single-unit packing house in the world.