There are thousands of food stores in the global market, and most of them stock food products from OSI Food Solutions. The company was once a small butcher store serving immigrants in West Chicago. The institution, however, has rapidly grown, becoming one of the largest and fastest growing food suppliers in the international community. The firm boasts for being able to operate in seventeen nations, with more than twenty thousand qualified and highly experienced professionals. The food company is also one of the successful privately held companies based in the United States. The global reputation of the company speaks volumes about its food products.
OSI Food Solutions Acquisitions Contribute to its international growth
Since it started operating in Chicago, the food company has made significant strides in the market. The company has registered a substantial number of customers, and this has forced it to take some critical steps. The company has entered into joint ventures and at the same time acquired processing plants, farms, warehouses, and poultry processing plants to deal with the increasing number of customers. The management in the firm has been focusing on supplying food products at affordable prices to the people living in all parts of the world. The institution has been very aggressive on its poultry production in recent years, expanding its activities in Europe, the United States and China
Successful companies are led by visionary leaders who know their roles well. OSI Food Solutions enjoys leadership from personalities who are highly experienced in finance and business. The chairman and chief executive of the food company are some of the top leaders in the market. Sheldon Lavin loves his business, and he accomplishes all his duties in time. The experienced executive is not a stranger to technology. To make sure that he is in charge of the numerous facilities, the businessman has introduced edge cutting technology in all the company offices, and he can understand what is happening in all regions. The businessman has all the leadership qualities needed to make the global company successful. The OSI Food Solutions looks forward to accomplishing bigger plans in 2019.
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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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