The Phenomenal OSI Industries Mergers and Acquisitions Approach-What to Know
Not many family-owned businesses are successful. In fact, many flop when the founder dies or quits indulging in other ventures. OSI Group/Industries is one of the widely respected and acknowledged single family-owned businesses that has flourished since its establishment. The company is widely known for its distribution of high-quality food products. It is the main meat supplier for McDonalds restaurants and it has grown into a one-of-a-kind company that has cemented its presence in many nations worldwide.The success of OSI industries can be attributed to the contributions and exceptional leadership of Sheldon Lavin who is the President and CEO of the company. The company is located in Aurora, Illinois. Together with his team, Mr. Lavin has foreseen many mergers and acquisition that have been a great initiative for the company over the years.
How OSI Group has Impacted the Business World
OSI Industries established a good relationship with Vista Processed Foods a company that provided frozen and fresh vegetables to its large clientele in 1995. The year 2012 was a great period for OSI Group as it spent over $25 million to push its production to another level. A share of the amount was also spent to improve and expand its storage facilities. Since this undertaking, the company has experienced growth in its chicken production and processing. This is not all. In 2016, OSI Industries/Group went on to acquire Flagship Europe, a renowned company that provides frozen poultry products, sauces, and mayonnaise among other products.
This has been a yielding deal as Flagship Europe has gone on to enjoy the large clientele base associated with OSI Food Solutions. Sheldon Lavin impact was also felt with the incredible acquisition of Baho Foods, a one-of-a-kind company that deals with deli foods and snacks within Europe. OSI Industries has expanded its clientele to Philippines where it has established GenOSI, a deal which will see the company supply fish, beef and chicken to its large market. The management has vowed to continue its advancement worldwide and invest as much as it can. Basically, the competitive food service industry should expect much from OSI Food Solutions in coming years.