OSI Industries has been improving its food production activities in different parts of the world, and it happens to be doing a very good job at it. Under the leadership of CEO Sheldon Lavin, the company is making some great moves which could benefit the company in coming days. Lavin has built this company since the 1970s, and his wish is to see it become the best company in the world. As of today, the company is not only ranked as one of the best in the industry but one of biggest in the whole world with a net worth of $6.1 billion.
OSI Industries acquired a company known as Baho Food Manufacturers. It is a Dutch company that produces snacks foods and deli meats. The main reason why OSI acquired this company was to expand its presence in the Netherlands and Germany. It will also help OSI to reach different parts of Europe. Baho has affiliates in 14 other countries in Europe, and this will be a great addition to OSI since they will benefit from the customers already being served by OSI. Baho will in its part benefit from increased production. It will be able to utilize OSI’s resources and in the process manage to meet the demand of their customers better than before.
OSI Industries has a long history in the foods industry. It was started in 1909 as a butcher shop. Over the years it improved and became a regional supplier of food products in the 1950s. Its growth was boosted by the establishment of McDonald’s which happened to open its first facility in Illinois where OSI, then known as Otto & Sons was located. Otto & Sons formed a partnership with Ott0 & Sons that initiated the process of growth and the formation of OSI Industries. McDonald’s was doing very well and was oiling pressure on Otto & Sons to deliver more. It was therefore forced to establish a food production plant that would be used to produce food product meant for supply to the McDonald’s only.
OSI Industries became more successful after Sheldon Lavin joined it from the banking sector, he had more experience in management of big business than other partners in the company. He took up a leading role in the company due to his experience. Since he took up the role of the CEO, he has not disappointed in his accomplishments. He has led the company in a manner that others can only wish for. He has passionately tried to make the company one of the best, and he has achieved this objective since OSI is one of the biggest producers of value-added food in the world.
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