OSI Group is one of the leading food suppliers in the United States of America. Its genesis can be traced back to a German immigrant who established a small meat shop that grew to become a wholesaler in under a year. It was registered as Ottos &Sons, a family business. Today, the story is in another script as this business is an enviable empire and the present OSI Industries. Clearly, OSI Group has evolved radically and witnessed so many changes from management, to the operation and the expansion to other continents.
Its expansion strategy has been done in diverse ways. They have been through mergers, acquisitions and at times if OSI desires to venture into a new market, it develops networks with companies in the sector. That said, in 2016, OSI purchased Tyson Foods. This was a food processing company based in Chicago. It was in close proximity to another subsidiary of OSI Industries and was, therefore, a wise decision to acquire this plant. This purchase made the company sales and profit shoot up as a result of efficient production with great future prospects to explore the market.
Baho Foods is yet another food processor that has been acquired by OSI. The deal was closed in 2016 with David McDonald being one of those who had been on the negotiation table. This pact has help OSI Industries diversify its food product to serve the market with what is preferred by their customers. Some of these food products include; snacks, deli meats, and sumptuous fast foods. OSI Group has simultaneously done OSI Group flagship in Europe and began operations in Spain.
About OSI Group
OSI is an international meat processor with many companies under it. It is based in Aurora Illinois, United States and was founded in 1909. It supplies food products to leading restaurants and resorts such as McDonald among others. During 2016, summer Olympics, it supplied food to the fans sufficiently with not a single complaint. Sheldon Lavin is the CEO and David McDonalds who is the President are some of the personalities behind the company’s success.
For details: www.career.cals.iastate.edu/osi-group