North Dakota Proxy Statement with exhibits of The Rath Packing Co.
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Waterloo, city, seat (1855) of Black Hawk county, northeastern Iowa, U.S., along both sides of the Cedar River, adjacent to Cedar Falls on the west. The site was first settled in 1845 as Prairie Rapids, and the name Waterloo was adopted in 1851. The town grew as a railroad division point and a regional trade centre.
Rath breathed its last on Dec. 28, 1984, at the age of 93.
- 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.
The Rath Packing Company (Rath) of Waterloo (Iowa) opened for business on November 24, 1891, on the Cedar River. Initially, the company concentrated on hogs, but by 1908 the company was also slaughtering beef and soon lamb as well.