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One of their latest acquisition is the Baho Foods. In the last 50 years of their existence, the OSI Group under the leadership of Sheldon Lavin has managed to grow through the acquisitions of other companies. Where this technique cannot work, the OSI Group usually results to mergers. Baho Foods is a European food company operating in Netherlands and Germany.
The OSI Group is known for refusing to disclose the financial details of this acquisition, but it’s estimated to be worth hundreds of millions as Baho Foods had established their roots in Europe through five subsidiaries. These subsidiaries are now owned by the OSI Group, and they include Henri van de Bilt, Q Smart Life as well as Gelderland Frischwaren. The other two subsidiaries are Bakx Foods and Vital Convenience. Asked about the fate of employees from this company, the chief executive officer of OSI Group said that they would retain their jobs. As for the managing executives, they would integrate with new managers that will be sent from the USA.
When it comes to the food industry, success hinges on one thing which is how well a company understands the local culture. This may perhaps be the reason why the OSI Group prefers maintaining local employees and management. Having been operational since 1909, the OSI Group has built a reputation for offering the best meat products across the globe. Their products are sold in more than 17 countries that include Germany, Netherlands, Japan, United States and Canada. Their products are also sold in China, United Kingdom, France, and Italy. These products include the likes of vegetable products, beef products, dough products and not forgetting poultry products.
OSI Group is owned by Sheldon Lavin who acquired this company in the late 1970s. Sheldon Lavin was a banker before venturing into the food industry. Up to date, he has managed to employ around 20,000 people across the globe. A recent report by the Forbes magazine revealed that the OSI Group had an annual revenue of around $6 billion making it the 58th largest privately owned company in the world. Aurora, Illinois houses the headquarters of this great company.
The OSI Group is an American food company
The company deals with the holding and distribution of food, beverages and tobacco products. Some of the products that it deals with include pizza, hot dogs, fish, poultry, bacon, baked products, cheese products, vegetables, meat patties and many others. Although the company has many subsidiaries, its headquarters is in Aurora, Illinois.
OSI Group subsidiaries
The OSI Group has numerous subsidiaries which include:
• Branches in Europe: OSI Food Solutions Germany, OSI Food Solutions Poland, OSI Food Solutions Austria, OSI Food Solutions Hungary, OSI Food Solutions Spain among others. OSI Group is also in the U.K
• Branches in Asia Pacific: OSI China, Weihai, OSI Vista Processed Foods in India, OSI Japan, OSI Group can also be found in Philippines and Taiwan. The food group is also in Australia.
• Branches in the Americas: OSI can be found in almost all of America’s states which include OSI North America, OSI West Jordan, Amick Farms among others. The company is also in Canada and Brazil.
OSI group services and products
The food company ensures its consumers get quality food and beverage products. Its 20,000 employees are constantly at work to ensure that the consumer enjoys some of the best flavored meals in the whole world.
The research team also ensures that it delivers what the consumer wants on the table. The food group’s supply chain makes sure that it delivers the quality food with utmost safety, preserved flavor and zero contamination. OSI Group also has a team of researchers who ensure that the company is constantly researching for the latest market trends.
About OSI group
The OSI food group was started in 1909 as Otto Kolschwsky Meat Market. In 1928 it changed its name to Otto & Sons. Later it changed its name to its present title. According to Forbes OSI Group is one of the Top 100 food companies in America. The company was awarded the 2016 Globe of Honour by the British Safety Council.