OSI Group Makes Acquisitions In The U.S. And Europe
Quality food is the staple to any growing country. In the United States, this nation enjoys one of the most diverse and stable food industries in the entire world. One of the companies responsible for America’s abundance of quality foods, OSI Group, has been making big moves in order to bring more quality food to the world.
OSI Group may not be a company that many people have heard of. However, this company is responsible for bringing millions of people healthy and quality foods for over a century. In order for OSI Group to grow, they make acquisitions of various food plants to expand their operations. One of those acquisitions was that of the former Tyson food plant on the Southside of Chicago.
OSI Group purchased the former Tyson food plant for $7.4 million dollars in 2016. The purchase allowed OSI Group to expand their operations in the Midwest. The 200,000 square foot facility was converted to meet the needs of the company’s supply chain. Additionally, the company offered many of the former Tyson plant employees a job at the new operation.
In addition to their purchase of the former Tyson food plant on the Southside of Chicago, OSI Group also recently acquired UK based food supplier Flagship Europe. The acquired company specializes in the supply of frozen poultry as well as pies, mayonnaise, dressings, and sauces to foodservice companies in the United Kingdom.
The Flagship Europe acquisition has greatly helped OSI Group create a larger global footprint and expand their operations to several other countries. Additionally, this acquisition will allow OSI Group to work with more and more clients in Europe.
Based in Aurora, Illinois, OSI Group is one of America’s leading food supplier companies. Founded in 1909, by German immigrant Otto Kolschowsky, the company was known for supplying quality meats to clients in the Midwestern United States. However, the company’s claim to fame happened decades later when the sons of the company founded forged a relationship with McDonald’s founder Ray Kroc.
The company would become the meat pattie supplier to McDonald’s using a then-innovative process known as Cryogenic Food Processing, which preserved food through the process of liquid nitrogen freezing. Today, OSI Group employes 20,000 people around the world and operates 65 facilities in 17 countries worldwide.
OSI Group Info: www.forbes.com/companies/osi-group/