Maintaining a global footprint on an ever changing idea can be difficult. Food marketing services-retailing and supplying, was estimated to be worth 1.4 trillion dollars in 2014. It is further estimated that the fast food industry accounts for 570 billion dollars, with 200 billion dollars being contributed by USA. One organization that has made a name for itself as an iconic entity in the food industry world is OSI Food Solutions. Here are some facts about it .
OSI Food Solutions was founded in 1909 in Chicago by an immigrant – Otto Kolchowsky. It began its services as a market for meat and later expanded to a wholesale meat retailer. In 1960 after the launch of food preservation technique through liquid freezing, OSI Food Solutions accepted an offer from McDonalds to become its fourth meat supplier. Over the years OSI group has expanded rapidly to have a net worth of 6.1 billion dollars. Its massive expansion came in 1990 after Sheldon Lavin took control of the company as the CEO.
In 2016, OSI Food Solutions acquired flagship Europe; a UK based subsidiary of Flagship Food Group. Flagship Group is a food retailer company that began its services in 2005. In 2018, Flagship Europe changed its name to Creative foods Europe. The acquisition allowed Flagship Europe to enjoy the benefit of having enormous sponsors and resources to take them to the next level.
In 2016, OSI group further acquired Chicago’s Tyson food plant for 7.4 million dollars. This acquisition would help over 480 people maintain their previous jobs. Additionally, they would use Tyson’s Food warehouse to support its growing production.
Over the years, OSI group has been awarded several accolades for their ingenuity in business. One of the most coveted awards – the Globe of Honor was awarded to them in 2016 by the British safety council. They were awarded this accolade to recognize their achievements in managing environmental risks.
OSI Food Solutions is a global entity that has left a mark in the world of food industry. With a net worth of over 6.1 billion dollars, the company has expanded rapidly to acquire companies such as Flagship Europe. In 2016 the British Safety society acknowledged their efforts towards managing environmental risks by awarding them the Globe of Honor Accolade.
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