OSI Group is currently one of the most popular companies in the hospitality industry globally. From its base in Aurora, the firm has continued to expand into several other countries. As a private corporation, OSI currently serves about 17 countries in United States, Asia and Europe. Under the leadership of Sheldon and McDonald, OSI Group has been very strategic in its growth and expansion formula.
In a bid to expand its product and services in Europe, the firm acquired Baho in 2016. Baho Food is an established Dutch firm, serving about 18 countries in Europe, with notable subsidiaries in Germany and Netherlands. Purchasing this organization was strategic move by OSI Group intended to ramp up production and increase revenue.
Another notable acquisition is that of Flagship Europe, a deal completed in 2016 as well. The deal has seen OSI Group take over production of frozen poultry, pies and condiments from Flagship. The purchase has been reported to not only present benefits to OSI but also Flagship. The later will now receive great support that is seen to be significant for its future expansion in Europe.
In an effort to maintain its local base, OSI Group purchased a food plant in Chicago in the same year: 2016. The company completed a deal reported to be about $7.4 million with Tyson Foods. This has not only increased OSI’s production options but also saved 500 locals from losing their jobs. This is because Tyson Foods intended to shut down its doors, a move that could have left its employees jobless. The SOI Group Company has continued to maintain a healthy relationship with the local communities and businesses.
The Secret behind OSI Group’s Rapid International Expansion
Different companies use different opportunities and strategies in their growth and expansion plan. OSI Group has taken the advantage of good leadership and its reputable brand. The Illinois Company has Sheldon Lavin and David McDonald as its CEO and president respectively.
Lavin has a strong academic background in finance and accounting, a factor that has always supported the entrepreneurial spirit in him. He is also known to be good at building a positive organization’s culture through his innovative management approach. His quality commitment has greatly contributed to the 65 outlets in 17 countries.
David McDonald adds a rich industry experience into the company. He has served in several senior management positions including that of chief operating officer at OSI, independent director at Marfrig Global Foods S.A, and chairman of North America Meat institute among others.
OSI Group Info: www.forbes.com/companies/osi-group/