The food industry is a dynamic landscape, with changes in supply and demand often coming about so quickly it threatens many of the companies that operate within it. Some companies, on the other hand, meet this challenge with ferocity and prosper all the greater for it. Among the many growing companies within the food and foodservice industries, possibly the one worth keeping the closest eye on is OSI Group.
Also commonly called OSI Industries, the company services the food industry by manufacturing and providing high-quality products such as meat, poultry, frozen products and produce. OSI Group was founded in 1909 and has since seen dramatic growth. In only the last ten years, OSI has grown their revenue by over 75% and moved from #71 on Forbes’ list of America’s Largest Privately Owned Companies to #58. Following this steady growth, OSI Group has been able to make a number of wise purchases in 2016.
Two of the purchases moved to acquire Flagship Europe and Baho Food, both European-based food supply and manufacturing companies. With these acquisitions, OSI aspires to complement and increase their range of available products and greatly increase their presence in the European market. The other purchase was that of a Tyson Food plant scheduled to be shut down in 2016. Due to proximity to two of their other Chicago plants, the acquisition aims to streamline their manufacturing process and increase their output to the ever-shifting demands of their customers. The purchase also managed to preserve hundreds of jobs that would have been lost when the plant was scheduled to close its doors permanently.
Learn more about OSI Group: https://www.glassdoor.com/Salary/OSI-Group-LLC-Salaries-E19677.htm