OSI Industries is an internationally recognized firm that deals with the processing of a wide variety of foods. OSI Industries focuses on the production of protein products which are packed and distributed to supermarkets around the world and the leading chain of restaurants. Some of the food varieties that the firm is known for processing include beef products, chicken and vegetables among others. The firm that was founded in 1909 has in recent years expedited its expansion plans through several mergers and acquisition. The Aurora Illinois based firm today under the leadership of Sheldon Lavin the chairman and CEO has grown to over 17 countries and manages more than 65 facilities that have employed more than 20,000 people.
OSI Industries has part of its expansion strategy in 2016 expanded to Europe through the acquisition of a controlling stake at Baho Food. Baho Food is a Dutch-based food processing company. The company subsidiaries are spread across Germany and the Netherlands. Baho Food at the time of its purchase was the leading supplier of processed foods in more than 18 countries in Europe. After the purchase OSI management plans to ramp up the firm’s production and boost sales.
OSI Industries expansion in Europe did not stop with the acquisition of Baho Food. The same year 2016 the firm made another purchase of Flagship Europe. After the acquisition OSI took over Flagship Europe production of frozen poultry including pies and condiments. OSI Group intends to use its machinery and expertise to revamp Flagship Europe.
OSI Industries is not only focused on the international expansion but also seeks to enhance its presence domestically. It appears 2016 was the year of acquisition as the firm made another domestic purchase of Tyson Food Chicago facility. The facility that was being operated by Tyson Foods was about to be shut down, and OSI saw it as an opportunity of expanding locally hence bought the facility. OSI purchased the facility at the tune of 7.4 million dollars. The closure of the facility would have resulted in massive job losses that would have negatively impacted the community. Fortunately, OSI came to the facility rescue, and the majority of the workers retained their positions.