Food, tobacco, and drinks, just to mention a few, these are the product that the OSI Group specializes in. From its headquarters in Aurora, Illinois, OSI group has managed to establish itself as amongst the best companies in the food industry.
The company has a revenue of $6. 1 billion annually and for this reason, has been ranked as number 58 of the largest privately owned companies in the world. The products that the company specializes in are not limited to the following; pizza, fish, meat patties, vegetable products, poultry, hot dogs, and bacon. The OSI Group also specializes in dough products.
Where the OSI Group cannot use the first mover advantage, the company makes use of mergers and acquisition. The Baho Group is the latest company to be bought by the OSI Group. The financial details of the transaction were not revealed, but both companies agreed that no Baho employee would lose their jobs. Following this acquisition, the OSI Group will now own the five subsidiaries of the company that includes Vital Convenience, Gelderland Frischwaren, Bakx Foods, Henri van de Bilt and Q Smart Life. The acquisition will see the OSI Group expand its operations in 18 more European countries that include Netherlands and Germany.
The OSI Group began as a family meat place but developed a reputation for offering quality meat as time went by. The company was established by a German immigrant known as Otto Kolschowsky in the year 1909. This was a few years after he had arrived from Germany. The company gained the attention of McDonald’s and began supplying meat to the retail giant. As of today, the OSI Group has over 20, 000 employees and a few notable top management leaders such as Sheldon Lavin who is the chief executive officer. The chief financial officer of the company is Sherry Demeulenaere.
The company has its roots in the Far East region where it supplies meat products to western companies operating in this region. OSI Group has a partnership to supply meat to companies like Papa John’s Pizza, Starbucks and Pizza Hut. For its good work, OSI Group has received awards for observing environmental conservation rules.