Why the OSI Group Is a Leading Food Processing Company to Watch In 2017
Most of us hardly think about where our groceries originate when we go shopping at the supermarket. Alternatively, neither do we question the mode of purchase for various ingredients when dining at a restaurant. Contrary to what most individuals might think, it is important to know where such ingredients originate and more importantly, how they are cultivated. According to reliable data, most of food ingredients consumed in the U.S. and beyond, have a direct or indirect link to one prominent company, the OSI Group.
The Illinois-based company has become synonymous with providing high-quality food products worldwide. Often, the OSI Group focuses on protein products such as processed beef that is packaged and sold to various supermarkets worldwide. In essence, the company’s remarkable success is undeniably attributed to its CEO Sheldon Lavin. With the aid of the President, David McDonald, the duo has joined efforts to promote rapid expansion across various countries worldwide. Such rapid expansion programs have essentially placed the company in over 17 countries.
As part of its expansion program, the OSI Group recently grabbed the headlines by procuring a controlling stake in Baho Foods. The Dutch food company has developed a reputation for delivering high-quality food through its affiliates in Netherlands and Germany. By providing food to over 18 countries in Europe, this latest acquisition is aimed at revamping production and increasing sales.
The OSI Group’s rapid expansion stretches further to the purchase of Flagship Europe which specializes in producing pies, condiments, and frozen poultry. Under OSI’s leadership, Flagship Europe will be in a prime position to pursue new opportunities in the European market, given its impressive success in Asia and the U.S.
According to the company’s leadership, the OSI Group’s international expansion program stems from the diverse range of products and services aimed at promoting excellence. At the domestic level, the OSI Group made a bold move by purchasing a food plant based in Chicago. Initially operated by Tyson Foods, the South Side-based company couldn’t turn down a $7.4 million offer especially in the wake of rising production costs.
OSI Group’s Background
Unlike its competitors, the OSI Group has persevered various challenges courtesy of its vast financial resources which are crucial in meeting overhead costs. Additionally, the OSI Group also spends ample time researching various markets that are in line with consumer tastes. According to reliable information, most markets are dependent on organic foods which conventionally fetch affordable prices. However, the key to balancing these needs lies in identifying and meeting the needs of the right market.
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