Sheldon Lavin graduated from college with an education in finance and accounting. He spent about two decades in the finance industry as a financial consultant. In the early 1970s he helped the Kolschowsky family who needed to build a meat processing facility in order to provide meat patties to the quick-serve chain of restaurants McDonald’s. At the time this company called Otto & Sons, named after its founder, and soon after his involvement it changed its name to OSI Group LLC.
A few years later, at the urging of McDonald’s and the then-owners of OSI Group, Sheldon Lavin took an ownership role at this company. He was also named its chairman and chief executive officer. He has maintained both of these roles from the mid-1970s until today. He said his goal was to develop OSI Group into a world class food processing company and he has succeeded. Back then OSI Group just had the one facility located in Chicago, Illinois. It now has physical locations in 17 countries. Most of what they process is protein-based but they also do some baked goods, sauces, and vegetables as well, and what Sheldon Lavin knows.
Sheldon Lavin uses his background in finance to manage OSI Groups complex global food supply chains. There are a lot of factors involved keeping this running smoothly such as changes of technology, shortages of resources and consumer preferences. To keep track of all this he has hired a lot of very smart people who have quite a bit of autonomy in how they go about their jobs. He says that he strives to create a family-like atmosphere at OSI Group where people feel that they have the freedom to make the best decisions possible while still following basic guidelines he has put in place.
He says that the old adage of “it takes money to make money” is certainly true. He didn’t start acquiring a lot of money until he had firmly established OSI Group as one of the leaders of the processed food industry. He says that, while he owns OSI Group now in its entirety, he also invests most of his money in mutual funds and ETFs in order to diversify his investments, and more information click here.
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