For over a century, the OSI Group has been providing meats to customers. Since their humble beginnings in 1909 as a tiny butcher shop and meat market in Chicago, the OSI Group has been about one thing: meat. Started by Otto Kolshkowsky,the group has since grown into a global powerhouse in the meat industry. With 65 locations in 17 countries across the globe, chances are if you have gone out to eat or have gone grocery shopping, you may have purchased and/or eaten a product from the OSI Group.
Their most recent acquisition overseas in Europe with the acquisition of two companies showed the company’s willingness to expand into Europe and broaden the company’s portfolio. Baho Foods and their subsidiaries in the Netherlands and Germany along with Flagship Europe in the United Kingdom were purchased in August and December of 2016 respectively. Baho Foods now gives OSI Group a reach into 18 different European countries along with a company with over 60 years of experience selling products. With Flagship Europe, OSI Group now has a broader presence in Europe, according to president and COO of OSI Group David McDonald. He continued by saying, “The company’s portfolio of products and brands complements OSI’s current processing strengths while broadening our capabilities to best serve the evolving needs of our customers.”
Elsewhere domestically, the group continues to buy up food processing plants that were near closure. In Chicago, the company purchased Tyson Foods plant that was close to closure and a loss of 500 jobs in the South Side of the city. With an offer of over $7 million, OSI was able to keep the plant open and also expand their product options at the same time.
From 1955, when they were chosen as the supplier of hamburgers to a start-up restaurant named McDonald’s to now with so many ventures and plants inside and outside the United States, the OSI Group has shown what the American Dream can become. With a worth of close to $3 billion, the group ranks as one of the wealthiest, privately-owned companies in the United States. From those humble beginnings, the OSI Group has really grown their name.
OSI Group Info: www.mapquest.com/us/illinois/business-chicago/osi-industries-llc-7716434
The Osi Group doesn’t surprise us as it continues to expand its multi-billion dollar grip on the food industry as it purchases and partners with other food companies that share its principals and ideologies. As a world leader in the industry of food production, it provides quality food products to retail food companies. Its expansion is obvious just based off last year’s statistics of the company as it proved itself yet again by opening seven brand new processing plants all around the world.
The president of the OSI group, David McDonald, is very aware of the budding companies extensive interest in growth and expansion. The group partners with other food companies to help them develop products that mean more to the customers while helping their business successfully grow. Their plan of partnership with other companies is designed to help them be able to “give the customer what they want” by offering a wide range of options and possibilities. These options include the ability for customers to select premium organic products along with natural foods allowing them to have a broader range past your regular everyday products.
One expansion step the OSI Group took was when they paid an enormous 7.4 million to a food plant based out of Chicago for a 200,000-square-foot space that allows for their business to grow larger. They have a long line of food products they produce including various pork products and beef products. Ranked as one of the worlds largest privately owned companies, the OSI group also produces many other foods like poultry, vegetables, dressings, sauces, and much more. They undertook yet more growth when they purchased Flagship Europe in hopes of helping assist the development of new clientele in their broadening global market. The company states that their new location in Europe will help them obtain a “broader presence” across Europe so they can continue to meet the evolutionary needs of their customer base.
Many credit much of OSI’s success to their CEO, Sheldon Lavin, a known innovative thinker with an extensive background in accounting and financing. Under his leadership the company has grown immensely and had a stronger-then-ever global presence among the world wide marketplace. The OSI group has grown rapidly over the course of the last couple years and plans to continue to expand their market, resources, and centers all across the globe. With 65 facilities booming in a shocking 17 countries the OSI group is no stranger to expansion and sets its eyes on continuing to do so.
About OSI group: www.wattagnet.com/articles/27248-osi-group-buys-former-tyson-foods-plant-in-chicago
Sheldon Lavin remains nostalgic of his time in the financial consulting field. Having grown up with the vision to own his own business, the young financial expert founded his consultancy firm just a few years after graduating with an accounting and finance degree from the university. However, about forty years ago, the founder of Otto & Sons convinced him to invest in the meat processing industry. He joined the company as a partner. Lavin was tasked with providing financial advisory services to the company and its management. This partnership saw the company grow from a small meat processing facility in West Chicago, Illinois to become a leading corporation in the world. Lavin News Here.
When he joined Otto & Sons, Lavin set his eyes on making the company a global corporation. Although the process required loads of investments, his visionary leadership and strategic business strategies have seen him achieve this dream. Presently, the company has over 80 meat processing facilities spread in at least 17 countries. Most of them are located in major economies such as the US and China. Lavin has also overseen the diversification of the products offered by OSI Group to include vegetable items, sauces, and baked goods. Click Here for more.
Lavin believes that OSI Group’s success has also been as a result of the unique management system used by the company. Unlike other corporations that use a one-fit-all strategy, OSI’s subsidiaries are run independently. This enables the facilities to comply with local regulations and consumer’s tastes. However, the top management is still involved in setting rules and strategies for the facilities in addition to their budgetary limits. At the company, the efforts of each employ is hugely appreciated. Sheldon Lavin notes that the efforts of the employees have been critical, as they have played a pivotal role in enhancing customer satisfaction and facilitating the production of quality products.
Sheldon Lavin is the chief executive officer of OSI Group. The entrepreneur started his career as a financial expert before joining OSI as a partner. Over the years, he has been able to gain full control of the company. In addition, the 89-year-old executive leader sits on the company’s board.
https://en.wikipedia.org/wiki/OSI_Group for more.